FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Klump Michael A
2. Issuer Name and Ticker or Trading Symbol

CytoDyn Inc. [ CYDY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1111 MAIN STREET, SUITE 660
3. Date of Earliest Transaction (MM/DD/YYYY)

5/8/2019
(Street)

VANCOUVER, WA 98660
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/8/2019     M    1000000   A $0.40   8034520   I   See Footnote   (1)
Common Stock   5/8/2019     M    1933333   A $0.40   9967853   I   See Footnote   (1)
Common Stock   5/8/2019     M    500000   A $0.30   10467853   I   See Footnote   (1)
Common Stock   5/8/2019     M    66667   A $0.40   66667   I   By the Klump Children's Gift Trust  
Common Stock   5/8/2019     M    125000   A $0.40   125000   D    
Common Stock   5/8/2019     A    1716666   A   (2) 12184519   I   See Footnote   (1)
Common Stock   5/8/2019     A    33333   A   (2) 100000   I   By the Klump Children's Gift Trust  
Common Stock   5/8/2019     A    62500   A   (2) 187500   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant (Right to Buy)   $0.75   5/8/2019     D         1000000    2/16/2018   2/16/2023   Common Stock   1000000     (2) 0   I   See Footnote   (1)
Warrant (Right to Buy)   $0.40   5/8/2019     A      1000000       2/16/2018   2/16/2023   Common Stock   1000000     (2) 1000000   I   See Footnote   (1)
Warrant (Right to Buy)   $0.40   5/8/2019     M         1000000    2/16/2018   2/16/2023   Common Stock   1000000   $0.00   0   I   See Footnote   (1)
Warrant (Right to Buy)   $1.00   5/8/2019     D         1933333    12/12/2016   12/12/2021   Common Stock   1933333     (2) 0   I   See Footnote   (1)
Warrant (Right to Buy)   $0.40   5/8/2019     A      1933333       12/12/2016   12/12/2021   Common Stock   1933333     (2) 1933333   I   See Footnote   (1)
Warrant (Right to Buy)   $0.40   5/8/2019     M         1933333    12/12/2016   12/12/2021   Common Stock   1933333   $0.00   0   I   See Footnote   (1)
Warrant (Right to Buy)   $0.30   5/8/2019     M         500000    1/8/2019   1/8/2024   Common Stock   500000   $0.00   0   I   See Footnote   (1)
Warrant (Right to Buy)   $1.00   5/8/2019     D         66667    12/12/2016   12/12/2021   Common Stock   66667     (2) 0   I   By the Klump Children's Gift Trust  
Warrant (Right to Buy)   $0.40   5/8/2019     A      66667       12/12/2016   12/12/2021   Common Stock   66667     (2) 66667   I   By the Klump Children's Gift Trust  
Warrant (Right to Buy)   $0.40   5/8/2019     M         66667    12/12/2016   12/12/2021   Common Stock   66667   $0.00   0   I   By the Klump Children's Gift Trust  
Warrant (Right to Buy)   $1.35   5/8/2019     D         125000    4/26/2016   4/26/2021   Common Stock   125000     (2) 0   D    
Warrant (Right to Buy)   $0.40   5/8/2019     A      125000       4/26/2016   4/26/2021   Common Stock   125000     (2) 125000   D    
Warrant (Right to Buy)   $0.40   5/8/2019     M         125000    4/26/2016   4/26/2021   Common Stock   125000   $0.00   0   D    

Explanation of Responses:
(1)  The reported securities of CytoDyn Inc. (the "Company") are held by Argonne Trading, LLC, a Georgia limited liability company ("Argonne Trading"). Argonne Capital Group, LLC, a Georgia limited liability company ("Argonne Capital"), is the sole member of Argonne Trading. Michael A. Klump is Manager, President and Chief Executive Officer of Argonne Capital. Mr. Klump disclaims beneficial ownership of the securities held by Argonne Trading, except to the extent of his pecuniary interest therein.
(2)  On May 8, 2019, the Company entered into Warrant Exercise Agreements with Mr. Klump, Argonne Capital and the Klump Children's Gift Trust, among other non-affiliated investors, pursuant to which, as an inducement to immediately exercise certain warrants (the "Warrants") to purchase shares of the Company's common stock, par value $0.001 per share ("Common Stock") beneficially owned by Mr. Klump, the Company (i) reduced the exercise price of such Warrants to $0.40 (if lower than the existing exercise price) and (ii) agreed to issue an additional one-half share of Common Stock for each share of Common Stock underlying the Warrants.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Klump Michael A
1111 MAIN STREET, SUITE 660
VANCOUVER, WA 98660
X



Signatures
/s/ Michael D. Mulholland, as attorney-in-fact 5/10/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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