As of September 29, 2026, Lipocine's top three insider holders are John W. Higuchi (Director, 203.80K shares), Mahesh V. Patel (Chief Executive Officer, 160.68K shares), Mahesh V. Patel (Ceo And President, 112.31K shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Mahesh V. Patel | Chief Executive Officer | 272,990 | 0 | 272,990 | 56.8% | 06 Apr, 2026 |
| 2 | John W. Higuchi | Director | 203,797 | 0 | 203,797 | 42.4% | 07 Apr, 2026 |
| 3 | Krista Fogarty | Principal Accounting Officer | 1,727 | 0 | 1,727 | 0.4% | 12 Mar, 2024 |
| 4 | Spyros Papapetropoulos | Director | 1,279 | 0 | 1,279 | 0.3% | 28 Nov, 2022 |
| 5 | Richard Dana Ono | Director | 831 | 0 | 831 | 0.2% | 20 Mar, 2023 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 03 Aug, 2026 | Michael Grissinger | Director | Acquired A | 2,000 | $2.11 | $4.22K | 2,000 | Direct |
| 29 Jun, 2026 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 52,781 | $2.49 | $131.42K | 227,214 | Direct |
| 03 Jun, 2026 | John W. Higuchi | Director | Acquired A | 1,764 | $2.19 | $3.86K | 13,290 | Direct |
| 03 Jun, 2026 | Richard Dana Ono | Director | Acquired A | 1,764 | $2.19 | $3.86K | 13,290 | Direct |
| 03 Jun, 2026 | Jill M. Jene | Director | Acquired A | 1,764 | $2.19 | $3.86K | 8,938 | Direct |
| 07 Apr, 2026 | John W. Higuchi | Director | Acquired P | 40,000 | $2.03 | $81.20K | 203,797 | Direct |
| 06 Apr, 2026 | John W. Higuchi | Director | Acquired P | 123,000 | $2.05 | $252.15K | 163,797 | Direct |
| 06 Apr, 2026 | Mahesh V. Patel | Chief Executive Officer | Acquired P | 25,000 | $2.03 | $50.75K | 160,679 | Direct |
| 02 Apr, 2026 | Mahesh V. Patel | Chief Executive Officer | Acquired P | 25,000 | $2.02 | $50.50K | 135,679 | Direct |
| 02 Jan, 2026 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 25,000 | $8.00 | $200.00K | 182,668 | Direct |
| 18 Dec, 2025 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 8,629 | $4.20 | $36.24K | 157,668 | Direct |
| 18 Dec, 2025 | Krista Fogarty | Principal Accounting Officer | Acquired A | 20,786 | $4.20 | $87.30K | 40,146 | Direct |
| 04 Jun, 2025 | John W. Higuchi | Director | Acquired A | 1,764 | $3.20 | $5.64K | 11,526 | Direct |
| 04 Jun, 2025 | Spyros Papapetropoulos | Director | Acquired A | 1,764 | $3.20 | $5.64K | 7,174 | Direct |
| 04 Jun, 2025 | Jeffrey Arvin Fink | Director | Acquired A | 1,764 | $3.20 | $5.64K | 11,526 | Direct |
| 04 Jun, 2025 | Richard Dana Ono | Director | Acquired A | 1,764 | $3.20 | $5.64K | 11,526 | Direct |
| 04 Jun, 2025 | Jill M. Jene | Director | Acquired A | 1,764 | $3.20 | $5.64K | 7,174 | Direct |
| 02 Jan, 2025 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 16,371 | $4.86 | $79.56K | 149,039 | Direct |
| 23 Dec, 2024 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 10,320 | $4.80 | $49.54K | 132,688 | Direct |
| 23 Dec, 2024 | Mahesh V. Patel | Chief Executive Officer | Acquired A | 26,691 | $4.80 | $128.12K | 149,039 | Direct |