---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-044811"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T17:03:07.135047+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Cyngn Inc. enters into Severance and Change of Control Agreement with CFO Donald Alvarez

## Summary
- On May 15, 2024, Cyngn Inc. entered into a Severance and Change of Control Agreement with CFO Donald Alvarez.
- The agreement provides a lump sum of six months base salary and pro-rated annual bonus for termination without cause or for good reason.
- Upon a change of control, the officer receives six months salary, six months bonus, 50% equity vesting, and COBRA premium payments.
- Severance benefits are contingent on the officer executing a release in a form acceptable to the Company.

## SEC filing metadata
- accession: 0001213900-24-044811
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390024044811/0001213900-24-044811-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390024044811/ea0206386-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-044811
- JSON: https://secwatch.observer/filing/0001213900-24-044811.json
- Plain text: https://secwatch.observer/filing/0001213900-24-044811.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.