Peter J. Werth - Apr 11, 2024 Form 4 Insider Report for Cingulate Inc. (CING)

Role
Director, 10%+ Owner
Signature
/s/ Shane J. Schaffer, Attorney-in-Fact Peter J. Werth
Stock symbol
CING
Transactions as of
Apr 11, 2024
Transactions value $
$753
Form type
4
Date filed
4/12/2024, 09:47 PM
Previous filing
Mar 27, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CING Common Stock Options Exercise $684 +342K +244.37% $0.00* 482K Apr 11, 2024 By Werth Family Investment Associates LLC F1
transaction CING Common Stock Options Exercise $69.40 +694K +144.05% $0.00* 1.18M Apr 11, 2024 By Werth Family Investment Associates LLC F1
holding CING Common Stock 1.09K Apr 11, 2024 Direct

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 Pre-Funded Warrant (right to buy) Options Exercise $0 -342K -100% $0.00* 0 Apr 11, 2024 Common Stock 342K $0.00 By Werth Family Investment Associates LLC F1, F2, F3
transaction CING Pre-Funded Warrant (right to buy) Options Exercise $0 -694K -100% $0.00* 0 Apr 11, 2024 Common Stock 694K $0.00 By Werth Family Investment Associates LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The number of pre-funded warrants and shares and the exercise price reflect the 1-for-20 reverse stock split of the Issuer's issued and outstanding shares of common stock, which became effective on November 30, 2023.
F3 The pre-funded warrants have no expiration date.
F4 687,043 of the pre-funded warrants were issued and immediately exercisable on January 25, 2024, and 7,053 of the pre-funded warrants were issued and immediately exercisable on March 25, 2024.