Meredith Manning - 27 Mar 2025 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Signature
/s/ Anish Bhatnagar, Attorney-in-Fact
Issuer symbol
SLNO
Transactions as of
27 Mar 2025
Net transactions value
-$1,330,873
Form type
4
Filing time
31 Mar 2025, 19:21:03 UTC
Previous filing
23 Jan 2025
Next filing
17 Dec 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNO Common Stock Sale $44,067 -668 -1.2% $65.97 52,932 27 Mar 2025 Direct F1, F2, F3
transaction SLNO Common Stock Sale $72,602 -1,087 -2.1% $66.79 51,845 27 Mar 2025 Direct F1, F3, F4
transaction SLNO Common Stock Sale $133,777 -1,976 -3.8% $67.70 49,869 27 Mar 2025 Direct F1, F3, F5
transaction SLNO Common Stock Sale $178,780 -2,599 -5.2% $68.79 47,270 27 Mar 2025 Direct F1, F3, F6
transaction SLNO Common Stock Sale $105,105 -1,505 -3.2% $69.84 45,765 27 Mar 2025 Direct F1, F3, F7
transaction SLNO Common Stock Sale $10,964 -155 -0.34% $70.73 45,610 27 Mar 2025 Direct F1, F3, F8
transaction SLNO Common Stock Sale $16,142 -225 -0.49% $71.74 45,385 27 Mar 2025 Direct F1, F3, F9
transaction SLNO Common Stock Sale $2,470 -34 -0.07% $72.64 45,351 27 Mar 2025 Direct F1, F3, F10
transaction SLNO Common Stock Options Exercise $1,713,470 +37,000 +82% $46.31 82,351 27 Mar 2025 Direct F3
transaction SLNO Common Stock Sale $2,480,436 -37,000 -45% $67.04 45,351 27 Mar 2025 Direct F3, F11

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 SLNO Employee stock option (right to buy) Options Exercise $0 -37,000 -29% $0.000000 91,000 27 Mar 2025 Common Stock 37,000 $46.31 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
F2 This transaction was executed in multiple trades at prices ranging from $65.15 to $66.145. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F4 This transaction was executed in multiple trades at prices ranging from $66.24 to $67.235. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F5 This transaction was executed in multiple trades at prices ranging from $67.24 to $68.235. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 This transaction was executed in multiple trades at prices ranging from $68.24 to $69.225. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F7 This transaction was executed in multiple trades at prices ranging from $69.24 to $70.235. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F8 This transaction was executed in multiple trades at prices ranging from $70.24 to $71.22. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F9 This transaction was executed in multiple trades at prices ranging from $71.26 to $72.22. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F10 This transaction was executed in multiple trades at prices ranging from $72.31 to $72.80. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F11 This transaction was executed in multiple trades at prices ranging from $67.00 to $67.271. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F12 One-fourth of the shares subject to the option vest on January 23, 2025 and one-forty-eighth of the shares subject to the option shall vest on each one-month anniversary thereafter, subject to the Reporting Person continuing to be a Service Provider through each such date.