Michael Liebowitz - 16 Aug 2024 Form 4 Insider Report for NOCOPI TECHNOLOGIES INC/MD/ (NNUP)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Michael Liebowitz
Issuer symbol
NNUP
Transactions as of
16 Aug 2024
Transactions value $
$0
Form type
4
Filing time
20 Aug 2024, 16:27:00
Previous filing
11 Jul 2024
Next filing
19 Nov 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NNUP Restricted Stock Units Award $0 +1.65M $0.00 1.65M 16 Aug 2024 Common Stock 1.65M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Nocopi Technologies, Inc. (the "Company") common stock.
F2 On August 16, 2024, the Reporting Person agreed to cancel a prior grant (the "Prior Grant") to the Reporting Person of 1,000,000 restricted stock units of the Company granted to the Reporting Person by the Company's Board of Directors (the "Board") on October 10, 2023. The grant disclosed in Table II was granted to the Reporting Person by the Board on August 16, 2024 as a replacement in lieu of the Prior Grant.
F3 The restricted stock units vest ratably quarterly over a two-year period beginning on August 16, 2024.