Donald Alvarez, Chief Financial Officer at Cyngn (NASDAQ:CYN), reported a large acquisition of company stock options on November 10, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Alvarez, Chief Financial Officer at Cyngn, a company in the Information Technology sector, was just awarded stock options worth 192,000 shares of CYN. The options give Alvarez the right to buy the company's stock at $0.25 per share.
Cyngn shares are trading up 4.43% at $0.2 at the time of this writing on Friday morning. Since the current price is $0.2, this makes Alvarez's 192,000 shares worth $38,208.