SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___) *
CYNGN, Inc.
(Name of Issuer)
Common Stock, par value $0.00001 per share
Title of Class of Securities)
23257B 107
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ¨ | Rule 13d-1(b) |
| ¨ | Rule 13d-1(c) |
| x | Rule 13d-1(d) |
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 23257B 107 | 13G |
| 1. | Names of Reporting Persons
|
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
(a) ¨ (b) x (1) |
| 3. | SEC USE ONLY
|
| 4. | Citizenship or Place of Organization
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With: |
5. |
Sole Voting Power 0
|
| 6. |
Shared Voting Power 2,463,851 (2)
| |
| 7. |
Sole Dispositive Power 0
| |
| 8. |
Shared Dispositive Power 2,463,851 (2)
|
| 9. | Aggregate
Amount Beneficially Owned by Each Reporting Person
| |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ |
| 11. | Percent
of Class Represented by Amount in Row 9
| |
| 12. | Type
of Reporting Person (see instructions)
| |
| (1) | This statement on Schedule 13G is filed by Redpoint Ventures IV, L.P., a Delaware limited partnership (“RV IV”), Redpoint Associates IV, LLC, a Delaware limited liability company (“RA IV”) and Redpoint Ventures IV, LLC, a Delaware limited liability company (“RV IV LLC,” together with RV IV and RA IV, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | Includes (i) 2,402,255 shares of Common Stock held by RV IV and (ii) 61,596 shares of Common Stock held by RA IV. RV IV LLC serves as the sole general partner of RV IV. As such, RV IV LLC possesses power to direct the voting and disposition of the shares owned by RV IV and may be deemed to have indirect beneficial ownership of the shares held by RV IV. RV IV LLC and RA IV are under common control. RV IV LLC owns no securities of the Issuer directly. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. |
| (3) | This percentage is calculated based upon 26,434,285 shares of common stock outstanding as of November 17, 2021, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on December 19, 2021. |
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| CUSIP No. 23257B 107 | 13G |
| 1. | Names of Reporting Persons
|
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
(a) ¨ (b) x (1) |
| 3. | SEC USE ONLY
|
| 4. | Citizenship or Place of Organization
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With: |
5. |
Sole Voting Power 0
|
| 6. |
Shared Voting Power 2,463,851 (2)
| |
| 7. |
Sole Dispositive Power 0
| |
| 8. |
Shared Dispositive Power 2,463,851 (2)
|
| 9. | Aggregate
Amount Beneficially Owned by Each Reporting Person
| |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ |
| 11. | Percent
of Class Represented by Amount in Row 9
| |
| 12. | Type
of Reporting Person (see instructions)
| |
| (1) | This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | Includes (i) 2,402,255 shares of Common Stock held by RV IV and (ii) 61,596 shares of Common Stock held by RA IV. RV IV LLC serves as the sole general partner of RV IV. As such, RV IV LLC possesses power to direct the voting and disposition of the shares owned by RV IV and may be deemed to have indirect beneficial ownership of the shares held by RV IV. RV IV LLC and RA IV are under common control. RV IV LLC owns no securities of the Issuer directly. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. |
| (3) | This percentage is calculated based upon 26,434,285 shares of common stock outstanding as of November 17, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on December 19, 2021. |
Page 3
| CUSIP No. 23257B 107 | 13G |
| 1. | Names of
Reporting Persons
|
| 2. | Check the Appropriate Box if a Member of a Group (see instructions)
(a) ¨ (b) x (1) |
| 3. | SEC USE ONLY
|
| 4. | Citizenship or Place of Organization
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With: |
5. |
Sole Voting Power 0
|
| 6. |
Shared Voting Power 2,463,851 (2)
| |
| 7. |
Sole Dispositive Power 0
| |
| 8. |
Shared Dispositive Power 2,463,851 (2)
|
| 9. | Aggregate
Amount Beneficially Owned by Each Reporting Person
| |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ |
| 11. | Percent
of Class Represented by Amount in Row 9
| |
| 12. | Type
of Reporting Person (see instructions)
| |
| (1) | This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | Includes (i) 2,402,255 shares of Common Stock held by RV IV and (ii) 61,596 shares of Common Stock held by RA IV. RV IV LLC serves as the sole general partner of RV IV. As such, RV IV LLC possesses power to direct the voting and disposition of the shares owned by RV IV and may be deemed to have indirect beneficial ownership of the shares held by RV IV. RV IV LLC and RA IV are under common control. RV IV LLC owns no securities of the Issuer directly. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021. |
| (3) | This percentage is calculated based upon 26,434,285 shares of common stock outstanding as of November 17, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on December 19, 2021. |
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| CUSIP No. 23257B 107 | 13G |
Introductory Note: This statement on Schedule 13G is being filed by the Reporting Persons in respect of shares of Common Stock, par value $0.00001 per share (“Common Stock”), of CYNGN, Inc. (the “Issuer”).
| Item 1(a). | Name of Issuer: |
CYNGN, Inc.
| Item 1(b). | Address of Issuer’s Principal Executive Officers: |
1015 O’Brien Dr.
Menlo Park, CA 94025
| Item 2(a). | Name of Person(s) Filing: |
Redpoint Ventures IV, L.P. (“RV IV”)
Redpoint Associates IV, LLC (“RA IV”)
Redpoint Ventures IV, LLC (“RV IV LLC”)
| Item 2(b). | Address of Principal Business Office: |
Redpoint Ventures
2969 Woodside Road
Woodside, California 94062
| Item 2(c). | Citizenship: |
RV IV is a Delaware limited partnership.
RA IV is a Delaware limited liability company.
RV IV LLC is a Delaware limited liability company.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.00001 per share.
| Item 2(e). | CUSIP Number: |
23257B 107
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
Not applicable.
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| CUSIP No. 23257B 107 | 13G |
| Item 4(a). | Amount Beneficially Owned: |
| Item 4(b). | Percent of Class: |
| Item 4(c). | Number of shares as to which such persons have: |
The following information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021:
| Reporting Persons | Shares of Common Stock Held Directly | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Beneficial Ownership | Percentage of Class (2) | |||||||||||||||||||||
| RV IV | 2,402,255 | 0 | 2,463,851 | 0 | 2,463,851 | 2,463,851 | 9.3 | % | ||||||||||||||||||||
| RA IV | 61,596 | 0 | 2,463,851 | 0 | 2,463,851 | 2,463,851 | 9.3 | % | ||||||||||||||||||||
| RV IV LLC (1) | 0 | 0 | 2,463,851 | 0 | 2,463,851 | 2,463,851 | 9.3 | % | ||||||||||||||||||||
| (1) | RV IV LLC serves as the sole general partner of RV IV. As such, RV IV LLC possesses power to direct the voting and disposition of the shares owned by RV IV and may be deemed to have indirect beneficial ownership of the shares held by RV IV. RV IV LLC and RA IV are under common control. RV IV LLC owns no securities of the Issuer directly. |
| (2) | This percentage is calculated based upon 26,434,285 shares of common stock outstanding as of November 17, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on December 19, 2021. |
| Item 5. | Ownership of Five Percent or Less of a Class: |
If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person: |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
Not applicable.
| Item 9. | Notice of Dissolution of Group: |
Not applicable.
| Item 10. | Certification: |
Not applicable.
Page 6
| CUSIP No. 23257B 107 | 13G |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 11, 2022
| REDPOINT VENTURES IV, L.P. | ||
| By its General Partner, Redpoint Ventures IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
| REDPOINT ASSOCIATES IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
| REDPOINT VENTURES IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
Exhibit(s):
99.1: Joint Filing Statement
Page 7
Exhibit 99.1
| CUSIP No. 23257B 107 | 13G |
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the shares of Common Stock of CYNGN, Inc.
Dated: February 11, 2022
| REDPOINT VENTURES IV, L.P. | ||
| By its General Partner, Redpoint Ventures IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
| REDPOINT ASSOCIATES IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
| REDPOINT VENTURES IV, LLC | ||
| By: | /s/ Scott Raney | |
| Name: Scott Raney | ||
| Managing Director | ||
Page 8