Form 4: Cingulate Inc. Director Peter J. Werth Exercises Pre-Funded Warrants, Increasing Ownership

Peter J. Werth, a director and 10% owner of Cingulate Inc., exercised pre-funded warrants to acquire common stock at nominal prices, increasing his indirect ownership through Werth Family Investment Associates LLC.

Summary

• On April 11, 2024, Peter J. Werth, a director and 10% owner of Cingulate Inc., executed transactions involving pre-funded warrants.
• Werth exercised pre-funded warrants to acquire 341,912 shares of common stock at a price of $0.002 per share and 694,096 shares at $0.0001 per share.
• These transactions were conducted indirectly through Werth Family Investment Associates LLC.
• Following these transactions, Werth's indirect beneficial ownership through Werth Family Investment Associates LLC increased to 1,175,925 shares of common stock.
• Werth also directly owns 1,093 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider transactions. The exercise of warrants could be seen as a positive sign of confidence, but it's also part of the warrant agreement.

Positives

• The exercise of warrants demonstrates Werth's continued investment in Cingulate Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in the beneficial ownership of Cingulate Inc.'s securities by a director and significant shareholder.

Stakeholder Impact

• The increased ownership by a director and significant shareholder could be viewed positively by other shareholders.

Key Dates

Keywords

Cingulate Inc., Peter J. Werth, Werth Family Investment Associates LLC, pre-funded warrants, common stock, beneficial ownership, Form 4, director, 10% owner