Squadron Capital Management LLC

Holdings History for Lipocine Inc. - Common Stock, par value $0.0001 per share (LPCN)

Symbol: LPCN on Nasdaq
Investment type: Equity / Common Stock, par value $0.0001 per share
Latest Disclosed Shares Owned: 530,000 shares
Security Ownership %: 9.5%

Shares, Excluding Options vs Price

Value, Excluding Options

Squadron Master Fund LP ownership in Lipocine Inc. Common Stock, par value $0.0001 per share (LPCN)

17 Feb 2026 - Squadron Master Fund LP has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 530,000 shares of Lipocine Inc. Common Stock, par value $0.0001 per share (LPCN). This represents 9.5% ownership of the company. In their previous filing dated 23 Dec 2025, Squadron Capital Management LLC had reported owning 500,000 shares, indicating an increase of +6%. .

Reporting Name	Ownership %	Change	Value $	Shares owned	Change	Activity %	Price	Form	Report date	Filing time
Squadron Master Fund LP	9.5%	+5.6%	$5,549,100	530,000	+30,000	+6%	$10.47	13G/A	31 Dec 2025	17 Feb 2026, 11:49
Squadron Capital Management LLC	9%		$1,435,000	500,000			$2.87	13G	18 Dec 2025	23 Dec 2025, 15:49

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Dec 2025		1.9%	0%	$4,255,900	530,000	0		$8.03	Q4 2025

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.