KAZIMI A J 4

What Happened
A.J. Kazimi, listed as a 10% owner of Cumberland Pharmaceuticals (CPIX), had 5,845 shares disposed on March 16, 2026 as a payment of exercise price or tax liability (transaction code F). The shares were recorded at $3.06 each for a total value of approximately $17,886. This was a withholding to satisfy taxes (or related exercise costs), not an open-market sale or a cash purchase.

Key Details

• Transaction date: 2026-03-16; Report filed: 2026-03-18 (filed timely within the usual Form 4 window).
• Price reported: $3.06 per share; Shares involved: 5,845; Total value: ~$17,886.
• Transaction type/code: F — Payment of exercise price or tax liability (shares withheld). Disposition reported (withheld to cover taxes), not an open-market sale.
• Shares owned after transaction: not specified in the excerpt provided; consult the full Form 4 for post-transaction holdings.
• Insider status: Kazimi is a 10% owner (significant owner), not necessarily an executive; withholding is typically administrative/routine.

Context
Withholding of shares to cover taxes commonly accompanies option exercises or award vesting (a cashless-like settlement) and does not by itself indicate a change in the insider’s view of the company. For retail investors, purchases are generally more indicative of positive insider sentiment; tax-withholding dispositions are routine and often required by law. For full details and total holdings, review the complete Form 4 filing (Accession 0001628280-26-019514).