Shane J. Schaffer - Dec 15, 2022 Form 4 Insider Report for Cingulate Inc. (CING)

Role: Chief Executive Officer, Director
Signature: /s/ Shane J. Schaffer
Stock symbol: CING
Transactions as of: Dec 15, 2022
Transactions value $: $11,172
Form type: 4
Date filed: 12/19/2022, 04:03 PM
Previous filing: Dec 15, 2022
Next filing: Mar 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CING	Common Stock	Purchase	$10.2K	+10K	+31.75%	$1.02	41.5K	Dec 16, 2022	Direct	F1
holding	CING	Common Stock						808K	Dec 15, 2022	By Fountainhead Shrugged, LLC	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	CING	Warrant to Purchase Common Stock	Purchase	$953	+3.64K	+5.44%	$0.26	70.5K	Dec 15, 2022	Common Stock	3.64K	$6.00	Direct	F3
transaction	CING	Warrant to Purchase Common Stock	Purchase	$52.40	+200	+0.28%	$0.26	70.7K	Dec 16, 2022	Common Stock	200	$6.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.00 to 1.0199 per share, inclusive. The Reporting Person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth
F2	Reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.2506 to $0.262 per warrant, inclusive. The Reporting Person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth.