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

Role
Director, 10%+ Owner
Signature
/s/ Shane J. Schaffer, Attorney-in-Fact
Stock symbol
CING
Transactions as of
Jun 11, 2024
Transactions value $
$0
Form type
4
Date filed
6/13/2024, 07:59 PM
Previous filing
Apr 12, 2024

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 Stock Option (right to Buy) Award +6.93K 6.93K Jun 11, 2024 Common Stock 6.93K $1.18 Direct F1, F2, F3
transaction CING Stock Option (right to Buy) Award $0 +10K $0.00 10K Jun 12, 2024 Common Stock 10K $0.70 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option grant was approved by Cingulate Inc.'s board of directors on March 4, 2024, subject to stockholder approval of Amendment No.1 to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan (the "Amendment"). Cingulate's stockholders approved the Amendment on June 11, 2024.
F2 The option vests on the one-year anniversary of the date of grant.
F3 The option was issued to the reporting person in lieu of cash retainer fees of $13,852.