Mahesh V. Patel - Jan 2, 2025 Form 4 Insider Report for Lipocine Inc. (LPCN)

Role
Chief Executive Officer, Director
Signature
/s/ Mahesh V. Patel
Stock symbol
LPCN
Transactions as of
Jan 2, 2025
Transactions value $
$79,563
Form type
4
Date filed
1/2/2025, 07:46 PM
Previous filing
Dec 30, 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 LPCN Stock Option (Right to Buy) Award $79.6K +16.4K +12.34% $4.86 149K Jan 2, 2025 Common Stock 16.4K $4.86 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to vesting whereby 1/3 of the shares subject to the award will vest on January 2, 2026, while the remaining 2/3 of the shares subject to the award will vest monthly on a prorated basis over the following two years.