Kenneth S. Cragun - Jun 14, 2021 Form 3 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
SVP of Finance
Signature
/s/ Kenneth Cragun
Stock symbol
ALZN
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
3
Date filed
6/14/2021, 07:55 PM
Next filing
Aug 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ALZN Stock Options (Right to Buy) Jun 14, 2021 Common Stock 1.5M $1.00 Direct F1
holding ALZN Stock Options (Right to Buy) Jun 14, 2021 Common Stock 1M $1.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Cragun was granted stock options to purchase 1,500,000 shares of the Issuer's Common Stock, which options vest ratably over four (4) years beginning on December 15, 2018. The options are exercisable for a period of ten years at an exercise price of $1.50 per share. Of these options, 968,750 shares of Common Stock are currently vested and exercisable.
F2 Mr. Cragun was granted performance-based stock options to purchase 1,000,000 shares of the Issuer's Common Stock, which options are exercisable for a period of ten (10) years at an exercise price of $1.50 per share. Of these options, no shares of Common Stock are currently vested and exercisable.