Patel Mahesh V. 4
4 · Lipocine Inc. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Lipocine Inc.LPCN
Patel Mahesh V.
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2023-01-03$0.41/sh+300,000$123,000→ 2,542,395 totalExercise: $0.41From: 2024-01-03Exp: 2033-01-03→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]Subject to vesting whereby 1/3 of the shares subject to the award will vest on the one year anniversary of January 3,2024, while the remaining 2/3 of the shares subject to the award will vest monthly on a prorate basis over the following two years.