Lipocine Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:LPCN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
25 May 23	BuyUS$43,791	Mahesh Patel	Individual		8,706	US$5.03

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.

Top 25 shareholders own 12.14% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.17%	The Vanguard Group, Inc.	221,459	US$1.1m	0%	no data
2.02%	Mahesh Patel	107,418	US$511.3k	0%	no data
1.41%	BlackRock, Inc.	74,846	US$356.3k	0%	no data
1.06%	Susquehanna International Group, LLP, Asset Management Arm	56,601	US$269.4k	123%	no data
0.92%	Geode Capital Management, LLC	48,854	US$232.5k	0%	no data
0.77%	John Higuchi	40,797	US$194.2k	0%	no data
0.49%	Two Sigma Advisers, LP	26,222	US$124.8k	-53.9%	no data
0.35%	Renaissance Technologies LLC	18,797	US$89.5k	20.5%	no data
0.35%	State Street Global Advisors, Inc.	18,626	US$88.7k	0%	no data
0.28%	Wealth Effects LLC	14,639	US$69.7k	-22%	0.03%
0.074%	Nachiappan Chidambaram	3,949	US$18.8k	0%	no data
0.055%	Charles Schwab Investment Management, Inc.	2,942	US$14.0k	1.1%	no data
0.05%	Dimensional Fund Advisors LP	2,654	US$12.6k	0.04%	no data
0.042%	Tower Research Capital LLC	2,238	US$10.7k	781%	no data
0.024%	Spyridon Papapetropoulos	1,279	US$6.1k	0%	no data
0.016%	Richard Ono	831	US$4.0k	0%	no data
0.014%	Krista Fogarty	736	US$3.5k	0.14%	no data
0.014%	Morgan Stanley, Investment Banking and Brokerage Investments	722	US$3.4k	0%	no data
0.0089%	Caldwell Securities Incorporated, Asset Management Arm	471	US$2.2k	0%	no data
0.0073%	Jeffrey Fink	386	US$1.8k	0%	no data
0.006%	Blackstone Alternative Investment Advisors LLC	318	US$1.5k	-55.7%	no data
0.0017%	Royal Bank of Canada, Banking & Securities Investments	91	US$432.7	18.2%	no data
0.0017%	Strategic Advisers LLC	90	US$427.6	52.5%	no data
0.0013%	Woodbury Financial Services, Inc, Securities Investments	68	US$323.9	0%	no data
0.0011%	Tidemark, LLC	59	US$280.9	0%	no data