Mahesh V Patel - 25 May 2023 Form 4 Insider Report for Lipocine Inc. (LPCN)

Role
CEO and President, Director
Signature
/s/ Mahesh Patel
Issuer symbol
LPCN
Transactions as of
25 May 2023
Net transactions value
+$43,791
Form type
4
Filing time
25 May 2023, 15:10:46 UTC
Previous filing
24 Mar 2023
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPCN Common Stock Purchase $43,791 +8,706 +8.8% $5.03 107,418 25 May 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to May 11, 2023, Mr. Patel held 1,678,090 shares of common stock. On May 11, 2023, the Company effected a reverse stock split at a ratio of 1-for17, which resulted in a change in Mr. Patel's shares of common stock to 98,712 as of May 11, 2023.