Lior Tal - 19 Oct 2021 Form 3 Insider Report for Cyngn, Inc. (CYN)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Lior Tal
Issuer symbol: CYN
Transactions as of: 19 Oct 2021
Net transactions value: $0
Form type: 3
Filing time: 19 Oct 2021, 17:07:52 UTC
Next filing: 03 Feb 2022
SEC: View on sec.gov

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

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CYN	Stock Options	19 Oct 2021	Common Stock	953,789	$0.1300	Direct	F1
holding	CYN	Stock Options	19 Oct 2021	Common Stock	2,424,215	$0.1300	Direct	F1
holding	CYN	Stock Options	19 Oct 2021	Common Stock	1,987,000	$0.2200	Direct	F1
holding	CYN	Stock Options	19 Oct 2021	Common Stock	1,600,000	$2.88	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These options are fully vested.
F2	On the first year anniversary of the date of grant of July 26, 2021, 400,000 shares of the total option will vest. Thereafter, for the next 12 months, 33,333 shares shall vest monthly, such that on the second anniversary of the date of grant an additional 400,000 shares of the total option will vest. Thereafter, for the next 48 months 16,667 shares of the option will vest monthly until the option is fully vested on the 6th anniversary of the date of grant.

Content

These options are fully vested.

On the first year anniversary of the date of grant of July 26, 2021, 400,000 shares of the total option will vest. Thereafter, for the next 12 months, 33,333 shares shall vest monthly, such that on the second anniversary of the date of grant an additional 400,000 shares of the total option will vest. Thereafter, for the next 48 months 16,667 shares of the option will vest monthly until the option is fully vested on the 6th anniversary of the date of grant.