Mark Gustafson - Jul 14, 2021 Form 4 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
Director
Signature
/s/ Mark Gustafson
Stock symbol
ALZN
Transactions as of
Jul 14, 2021
Transactions value $
$0
Form type
4
Date filed
7/16/2021, 05:01 PM
Previous filing
Jun 14, 2021
Next filing
Sep 15, 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
transaction ALZN Restricted Stock Grant Award $0 +100K $0.00 100K Jun 15, 2021 Common Stock 100K Direct F1, F2
transaction ALZN Stock Options (Right to Buy) Award $0 +300K $0.00 300K Jun 15, 2021 Common Stock 300K $2.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Common Stock, par value $0.0001, of Alzamend Neuro, Inc.
F2 The restricted stock grant vest contemporaneously with the Options (as defined below).
F3 The stock options (the "Options") vest in 36 equal monthly installments commencing on September 13, 2021 and are exercisable upon vesting.