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

Role
Chief Executive Officer, Director
Signature
/s/ Michael Liebowitz
Issuer symbol
NNUP
Transactions as of
16 Nov 2024
Transactions value $
-$116,690
Form type
4
Date filed
19 Nov 2024, 16:30
Previous filing
20 Aug 2024
Next filing
19 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNUP Common Stock Options Exercise +206K 206K 16 Nov 2024 Direct F1, F2
transaction NNUP Common Stock Tax liability -$117K -61.4K -29.78% $1.90 145K 16 Nov 2024 Direct F2
holding NNUP Common Stock 3.09M 16 Nov 2024 Held by MSL 18 Holdings LLC

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 Restriced Stock Units Options Exercise $0 -206K -12.5% $0.00 1.44M 16 Nov 2024 Common Stock 206K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 16, 2024, the Reporting Person was granted restricted stock units, which vest ratably quarterly over a two-year period beginning on August 16, 2024. Each restricted stock unit represents a contingent right to receive one share of Nocopi Technologies, Inc. (the "Company") common stock.
F2 On November 16, 2024, 206,221 shares underlying the previously granted restricted stock units vested. In connection with such vesting, the Company withheld 61,416 shares of common stock to cover the Reporting Person's tax obligation in connection with the vesting event.