Schaffer Shane J. 4
4 · Cingulate Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Cingulate (CING) CEO Shane Schaffer Receives 6,862-Share Award
What Happened
Shane J. Schaffer, CEO of Cingulate Inc. (CING), was granted 6,862 shares of common stock on 2026-03-09 as part of his 2025 bonus. The grant was issued at $0.00 per share (compensation award). To satisfy tax withholding obligations, 2,959 of those shares were withheld (disposed) at $0.00, leaving a net of 3,903 shares issued to the reporting person.
Key Details
- Transaction date(s): 2026-03-09; Form 4 filed 2026-03-11 (accession 0001493152-26-009722). Filing appears timely.
- Reported transactions: A (award/grant) — 6,862 shares @ $0.00 (value $0); F (tax withholding) — 2,959 shares withheld @ $0.00 (value $0).
- Net shares issued to insider after withholding: 3,903 shares.
- Shares owned after transaction: not specified in this filing.
- Relevant footnotes:
- F1: Grant made under the Issuer’s 2021 Omnibus Equity Incentive Plan as part of the Reporting Person’s 2025 bonus.
- F2: Shares withheld to satisfy tax obligations on the grant (cashless withholding).
- F3: Reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Context
This was a compensation award (not an open-market purchase or sale). The withholding of shares to cover taxes is a common administrative step and does not necessarily signal a change in the insider’s view of the company. The filing discloses the award and withholding but does not provide total post-transaction beneficial ownership.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-09+6,862→ 7,035 total - Tax Payment
Common Stock
[F2]2026-03-09−2,959→ 4,076 total
- 10,175(indirect: By LLC)
Common Stock
[F3]
Footnotes (3)
- [F1]Shares of common stock were granted pursuant to the Issuer's 2021 Omnibus Equity Incentive Plan, as amended, for a portion of the Reporting Person's 2025 bonus.
- [F2]Shares otherwise issuable were withheld to satisfy the Reporting Person's tax obligations on the grant described in footnote 1 above.
- [F3]Reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.