A. J. Kazimi - Mar 17, 2021 Form 4 Insider Report for CUMBERLAND PHARMACEUTICALS INC (CPIX)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
A.J. Kazimi by /s/ John Hamm as attorney-in-fact
Stock symbol
CPIX
Transactions as of
Mar 17, 2021
Transactions value $
-$81,627
Form type
4
Date filed
6/11/2021, 05:14 PM
Next filing
Sep 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPIX Common Stock Tax liability -$120K -37.4K -0.64% $3.22 5.76M Mar 17, 2021 Direct F1
transaction CPIX Common Stock Award $38.6K +12K +0.21% $3.22 5.77M Mar 17, 2021 Direct F2

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 CPIX Options (right to buy) Award $0 +88K $0.00 88K Mar 17, 2021 Common Stock 88K $3.22 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents shares withheld/purchased by the Company to cover the tax withholding obligations for the vesting of shares.
F2 Restricted stock award will vest 100% on March 17, 2025.
F3 100% vesting on March 17, 2025.