Mahesh V. Patel - Dec 22, 2022 Form 4 Insider Report for Lipocine Inc. (LPCN)

Role
Chief Executive Officer, Director
Signature
/s/ Mahesh V. Patel
Stock symbol
LPCN
Transactions as of
Dec 22, 2022
Transactions value $
$46,125
Form type
4
Date filed
12/22/2022, 06:20 PM
Previous filing
Nov 14, 2022
Next filing
Jan 4, 2023

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 $46.1K +113K +5.28% $0.41 2.24M Dec 22, 2022 Common Stock 113K $0.41 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 the one year anniversary of December 22, 2023, while the remaining 2/3 of the shares subject to the award will vest monthly on a prorated basis over the following two years.