Kenneth Krogulski - Aug 16, 2023 Form 4 Insider Report for CUMBERLAND PHARMACEUTICALS INC (CPIX)

Role
Director
Signature
Kenneth J. Krogulski by /s/ John Hamm as attorney-in-fact
Stock symbol
CPIX
Transactions as of
Aug 16, 2023
Transactions value $
$6,420
Form type
4
Date filed
9/8/2023, 05:04 PM
Previous filing
Mar 27, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $543 +325 +0.15% $1.67 210K Aug 16, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $562 +325 +0.15% $1.73 211K Aug 17, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $562 +325 +0.15% $1.73 211K Aug 18, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $556 +325 +0.15% $1.71 211K Aug 21, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $569 +325 +0.15% $1.75 212K Aug 22, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $562 +325 +0.15% $1.73 212K Aug 23, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $226 +134 +0.06% $1.69 212K Aug 24, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $562 +325 +0.15% $1.73 212K Aug 25, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $566 +325 +0.15% $1.74 213K Aug 28, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $604 +355 +0.17% $1.70 213K Aug 29, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $556 +325 +0.15% $1.71 213K Aug 30, 2023 Direct F1
transaction CPIX Common Stock Small acquisition under Rule 16a-6 $553 +325 +0.15% $1.70 214K Aug 31, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported purchases occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2023.