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

Role
CEO and President, Director
Signature
/s/ Mahesh Patel
Stock symbol
LPCN
Transactions as of
May 25, 2023
Transactions value $
$43,791
Form type
4
Date filed
5/25/2023, 03:10 PM
Previous filing
Mar 24, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPCN Common Stock Purchase $43.8K +8.71K +8.82% $5.03 107K May 25, 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.