Summary by Futu AI
Karen M. Macleod, associated with Cyngn Inc. [CYN], was granted 72,000 shares of common stock on May 1, 2024. The transaction was completed at no cost to the recipient, indicating the shares were likely awarded as part of a compensation package or incentive plan. Following this transaction, Macleod's direct holdings in Cyngn common stock increased to a total of 190,772 shares. The grant is part of the company's ongoing strategy to align the interests of its key personnel with those of shareholders.