Form 4: CEO Winger Boosts NOCOPI Stake with RSU Grant

NOCOPI Technologies CEO Matthew C. Winger acquired 10,000 shares of common stock through a restricted stock unit grant, increasing his beneficial ownership.

Summary

• Matthew C. Winger, Chief Executive Officer and Director of NOCOPI Technologies Inc./MD/ (NNUP), reported a change in his beneficial ownership.
• On December 29, 2025, Winger was granted 10,000 restricted stock units (RSUs).
• 5,000 of these RSUs vested immediately on the grant date.
• The remaining 5,000 RSUs are scheduled to vest on December 29, 2026.
• Each restricted stock unit represents a contingent right to receive one share of the company's common stock.
• Following this transaction, Winger beneficially owns a total of 245,916 shares of common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to the CEO, with immediate vesting of half, generally indicates management's continued alignment with shareholder interests and confidence in the company's future, which is a positive signal for investors.

Positives

• CEO Matthew C. Winger increased his direct beneficial ownership in the company by 10,000 shares through a restricted stock unit grant.
• The immediate vesting of 5,000 shares on the grant date demonstrates a current commitment and alignment of the CEO's interests with shareholders.

Future Outlook

No forward-looking statements or guidance were provided in this transaction report.

Industry Context

This filing is a standard insider transaction report and does not provide broader industry context or trends.

Related Party Transactions

• The grant of restricted stock units to Matthew C. Winger, the Chief Executive Officer and Director, constitutes a related party transaction as part of his compensation.

Stakeholder Impact

• Shareholders: The increased equity ownership by the CEO enhances the alignment of management's interests with those of the shareholders, potentially fostering greater confidence.
• Employees: May signal stability and confidence from top leadership, which can positively influence employee morale and retention.

Next Steps

• The remaining 5,000 restricted stock units granted to Matthew C. Winger are scheduled to vest on December 29, 2026.

Key Dates

Keywords

NOCOPI Technologies, NNUP, Matthew C. Winger, Form 4, SEC filing, insider transaction, restricted stock units, equity grant, CEO ownership, beneficial ownership