X0306 4 2017-04-19 0 0001484565 Capnia, Inc. CAPN 0001614821 Anish Bhatnagar 1235 RADIO ROAD, SUITE 110 REDWOOD CITY CA 94065 1 1 0 0 President and CEO Employee stock option (right to buy) 0.59 2017-04-19 4 A 0 1683942 0.00 A 2027-04-19 Common Stock 1683942 1683942 D One fourth (1/4) of the shares subject to the Option shall vest immediately on the Vesting Commencement Date (which is April 19, 2017), and one forty-eighth (1/48) of the remaining 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 Participant continuing to be a Service Provider through each such date. /s/ Anish Bhatnagar 2017-04-20