Hargroves Thomas Jeffrey 4

What Happened
Thomas Jeffrey Hargroves, a director of Cingulate Inc. (CING), received a grant of 20,000 derivative shares (an option award) on 2026-07-16. The filing shows an acquisition price of $0.00 (no immediate cash paid). This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-16; Form 4 filed: 2026-07-20 (filed within the two-business-day reporting window).
• Transaction type/code: A (award/grant), derivative securities.
• Shares granted: 20,000; acquisition price reported: $0.00 (no cash outlay at grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The option vests on the earlier of (i) the one-year anniversary of the grant date or (ii) the date of Cingulate’s 2027 annual meeting of stockholders.
• No indication in the filing of an immediate sale or cashless exercise.

Context: This is a compensation-style option grant to a director that vests over time; such awards are common for board service and do not represent an open-market buy or sell. Because it’s a derivative award with a vesting condition, it does not immediately increase transferable common shares until the options vest and are exercised.