Schaffer Shane J. 4

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.