Ervin Jeffrey S 4
4 · Cingulate Inc. · Filed Jun 13, 2024
Insider Transaction Report
Form 4
Cingulate Inc.CING
Ervin Jeffrey S
Director
Transactions
- Award
Stock Option (right to Buy)
2024-06-11+5,000→ 5,000 totalExercise: $1.18Exp: 2034-03-04→ Common Stock (5,000 underlying) - Award
Stock Option (right to Buy)
2024-06-11+13,875→ 13,875 totalExercise: $1.18Exp: 2034-03-04→ Common Stock (13,875 underlying) - Award
Stock Option (right to Buy)
2024-06-12+10,000→ 10,000 totalExercise: $0.70Exp: 2034-06-12→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]The stock option grant was approved by Cingulate Inc.'s board of directors on March 4, 2024, subject to stockholder approval of Amendment No.1 to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan (the "Amendment"). Cingulate's stockholders approved the Amendment on June 11, 2024.
- [F2]The option vests as follows: 50% on the six-month anniversary of the date of grant and the remaining shares on the twelve-month anniversary of the date of grant.
- [F3]The option vests on the one-year anniversary of the date of grant.
- [F4]The option was issued to the reporting person in lieu of cash retainer fees of $27,750.