James McDonnell - May 1, 2024 Form 4 Insider Report for Cyngn Inc. (CYN)

Role: Director
Signature: /s/ James McDonnell
Stock symbol: CYN
Transactions as of: May 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/3/2024, 06:00 PM
Previous filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYN	Common Stock	Award	$0	+72K	+61.27%	$0.00	190K	May 1, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction involved the Reporting Person's receipt of an annual grant of 72,000 restricted stock units. The 72,000 restricted stock units shall vest in its entirety one year from the date of grant provided that the Reporting Person remains in continuous service on the vesting date. The total reported in Column 5 includes the (i) 72,000 newly awarded restricted stock units, (ii) 36,000 restricted stock units, of which all 36,000 have vested and issued to the Reporting person, (iii) 32,609 restricted stock units, of which all 32,609 have vested and issued to the Reporting Person, and (iv) 48,913 restricted stock units, of which 32,608 have vested and issued to the Reporting Person.

Content

The reported transaction involved the Reporting Person's receipt of an annual grant of 72,000 restricted stock units. The 72,000 restricted stock units shall vest in its entirety one year from the date of grant provided that the Reporting Person remains in continuous service on the vesting date. The total reported in Column 5 includes the (i) 72,000 newly awarded restricted stock units, (ii) 36,000 restricted stock units, of which all 36,000 have vested and issued to the Reporting person, (iii) 32,609 restricted stock units, of which all 32,609 have vested and issued to the Reporting Person, and (iv) 48,913 restricted stock units, of which 32,608 have vested and issued to the Reporting Person.