Liebowitz Michael 4
4 · NOCOPI TECHNOLOGIES INC/MD/ · Filed Nov 19, 2024
Insider Transaction Report
Form 4
Liebowitz Michael
10% Owner
Transactions
- Exercise/Conversion
Restriced Stock Units
2024-11-16−206,221→ 1,443,548 total→ Common Stock (206,221 underlying) - Tax Payment
Common Stock
2024-11-16$1.90/sh−61,416$116,690→ 144,805 total - Exercise/Conversion
Common Stock
2024-11-16+206,221→ 206,221 total
Holdings
- 3,087,650(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]On August 16, 2024, the Reporting Person was granted restricted stock units, which vest ratably quarterly over a two-year period beginning on August 16, 2024. Each restricted stock unit represents a contingent right to receive one share of Nocopi Technologies, Inc. (the "Company") common stock.
- [F2]On November 16, 2024, 206,221 shares underlying the previously granted restricted stock units vested. In connection with such vesting, the Company withheld 61,416 shares of common stock to cover the Reporting Person's tax obligation in connection with the vesting event.