Ono Richard Dana 4

What Happened
Richard Ono, a director of Lipocine Inc. (LPCN), was granted 1,764 shares as a derivative award on 2026-06-03. The award is recorded at $2.19 per share for a total reported value of $3,863. This was an acquisition/award (transaction code A), not a sale.

Key Details

• Transaction date and price: 2026-06-03 at $2.19 per share (total $3,863).
• Shares acquired: 1,764 derivative shares (award).
• Vesting: Footnote F1 — 100% vests one year from the grant date (i.e., fully vesting 2027-06-03).
• Shares owned after transaction: Not specified in the provided data.
• Filing timeliness: Report filed 2026-06-04 for a 2026-06-03 transaction (filed promptly, not marked late).
• Other notes: Report lists the grant as a derivative award (commonly RSUs or similar); no 10b5-1 plan, tax withholding, or cashless-sale details provided.

Context
This was a small-value director award that vests in one year. Derivative grants align insiders with shareholder value over the vesting period but do not indicate an immediate purchase or sale of stock.