Kristen Yen - Mar 27, 2025 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Signature
/s/ Anish Bhatnagar, Attorney-in-Fact
Stock symbol
SLNO
Transactions as of
Mar 27, 2025
Transactions value $
-$6,174,822
Form type
4
Date filed
3/31/2025, 07:23 PM
Previous filing
Jan 23, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNO Common Stock Sale -$117K -1.77K -2.13% $65.97 81.2K Mar 27, 2025 Direct F1, F2, F3
transaction SLNO Common Stock Sale -$192K -2.88K -3.55% $66.79 78.4K Mar 27, 2025 Direct F1, F3, F4
transaction SLNO Common Stock Sale -$355K -5.24K -6.69% $67.70 73.1K Mar 27, 2025 Direct F1, F3, F5
transaction SLNO Common Stock Sale -$474K -6.89K -9.42% $68.79 66.2K Mar 27, 2025 Direct F1, F3, F6
transaction SLNO Common Stock Sale -$279K -3.99K -6.02% $69.84 62.2K Mar 27, 2025 Direct F1, F3, F7
transaction SLNO Common Stock Sale -$29.1K -411 -0.66% $70.73 61.8K Mar 27, 2025 Direct F1, F3, F8
transaction SLNO Common Stock Sale -$42.8K -597 -0.97% $71.74 61.2K Mar 27, 2025 Direct F1, F3, F9
transaction SLNO Common Stock Sale -$6.61K -91 -0.15% $72.64 61.1K Mar 27, 2025 Direct F1, F3, F10
transaction SLNO Common Stock Options Exercise $24.9K +4.89K +8% $5.10 66K Mar 27, 2025 Direct F3
transaction SLNO Common Stock Options Exercise $9.04K +3.75K +5.68% $2.41 69.8K Mar 27, 2025 Direct F3
transaction SLNO Common Stock Options Exercise $168K +32K +45.86% $5.25 102K Mar 27, 2025 Direct F3
transaction SLNO Common Stock Sale -$3.31M -50.2K -49.28% $66.00 51.6K Mar 27, 2025 Direct F3, F11
transaction SLNO Common Stock Sale -$1.57M -23.5K -45.48% $66.95 28.1K Mar 27, 2025 Direct F3, F12

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 -4.89K -66.66% $0.00 2.45K Mar 27, 2025 Common Stock 4.89K $5.10 Direct F13
transaction SLNO Employee stock option (right to buy) Options Exercise $0 -3.75K -24.32% $0.00 11.7K Mar 27, 2025 Common Stock 3.75K $2.41 Direct F14
transaction SLNO Employee stock option (right to buy) Options Exercise $0 -32K -36.62% $0.00 55.4K Mar 27, 2025 Common Stock 32K $5.25 Direct F15
* 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 $65.74 to $66.73. 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 This transaction was executed in multiple trades at prices ranging from $66.75 to $67.10. 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.
F13 One forty-eighth (1/48th) of the shares subject to the Option shall vest on the first month anniversary of January 1, 2022 (the "Vesting Commencement Date"), and one forty-eighth (1/48th) of the total number of shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), such that all of the shares subject to the Option will have vested as of the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person continuing to be a Service Provider through each such date.
F14 One forty-eighth of the shares subject to the option vest on February 1, 2023 and each one-month anniversary thereafter, subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2014 Equity Incentive Plan) through each such date.
F15 One thirty-sixth of the shares subject to the Option vest on June 26, 2023 and each one-month anniversary thereafter, subject to the Reporting Person continuing to be a Service Provider through each such date.

Remarks:

Officer title: SVP Global Clinical Operations and Patient Advocacy