How many institutions own LPCN stock?

A company's 13F filings with the Securities and Exchange Commission (SEC) provides investors with comprehensive information about institutional ownership in a listed company, a sign of strength in terms of how many institutions have confidence in that company. The number of institutional investors who currently own LPCN shares is 19, representing 9.81% of the company's common stock.

Who are the major shareholders selling Lipocine Inc. stock?

TOWER RESEARCH CAPITAL LLC (TRC), in the last quarter, reduced its stake in LPCN by -100% restricting it's holding to 0 shares of worth nearly -. BARCLAYS PLC also lessened -100% of the LPCN shares from its portfolio, reducing its holding to 0 shares of worth -. ADVISOR GROUP HOLDINGS, INC. also shunned LPCN shares holding by -94.8% last quarter which brought its holding to 118 shares worth $947.00.

Investors who are buying LPCN stock?

As per its latest 13F filing, BOOTHBAY FUND MANAGEMENT, LLC increased its stake in LPCN by 100% in the last quarter. The institutional holder raised its holding to 54.89 thousand shares having worth more than $440.79K. PERSISTENT ASSET PARTNERS LTD also added 100% more shares of LPCN to its portfolio, raising its holding to 70.58 thousand shares of worth $566.73K. IKARIAN CAPITAL, LLC also increased its LPCN shares holding by 100% which brought its holding to 199.54 thousand shares worth $1.60M.

LPCN's major insiders: who are they?

The insider with the most stakes in LPCN is Higuchi John W. , director at the company. Additionally, LPCN stock is highly held by EVP and CFO BROWN MORGAN R and Chief Executive Officer Patel Mahesh V. among others.

Did an insider recently sell LPCN stock?

Company executives, directors, and other insiders own 2.91% percent of Lipocine Inc.'s stock. Within the last six months, there have been 0 transaction(s) in which LPCN insiders have sold stock, totaling 0 shares. Insiders that have sold shares include HIGUCHI JOHN W., BROWN MORGAN R, and PATEL MAHESH V..

Which insider recently purchased LPCN stock?

There have been 1 transaction(s) during the past 6-months in which Lipocine Inc. insiders have bought stock, totalling 25000 shares

How much of LPCN does insiders own?

Around 135.68K Lipocine Inc. shares are held by insiders, which represents about 2.91% of LPCN stock.

Who is the insider with the largest stake?

LPCN director, Higuchi John W. holds the largest portfolio of the company's shares. LPCN shares owned by Higuchi total nearly 693.55 thousand.

Which institution holds the most shares in LPCN?

BOOTHBAY FUND MANAGEMENT, LLC is the largest institutional owner in LPCN which holds 54.89 thousand shares worth $440.79K or 1.01% of the total LPCN shares outstanding followed by PERSISTENT ASSET PARTNERS LTD with ownership of 70.58 thousand shares representing 1.3% of the LPCN ownership. IKARIAN CAPITAL, LLC is the third largest stakeholder with 199.54 thousand shares or 3.69% of the ownership worth more than $1.60M.

Is Lipocine Inc. stock optionable?

Stock options give the owner the ability but not the obligation to buy or sell a security at a predetermined price and date. Stock options can be classified into two types: puts and calls. A put is a bet on falling stock, and a call is a bet on rising stock. As far as the LPCN is concerned, it is a stock which is not optionable.

Is there a short position on LPCN's shares?

Number of LPCN shares short is 98.44K. Shares short is a market sentiment in which investors have sold their shares short in a given stock but have not yet covered them or closed them out.

About how many outstanding LPCN shares are there?

As of today, 5.42M shares of LPCN are outstanding.

Is there many float in LPCN stock?

Float represents the number of tradeable shares in a specific stock. By subtracting restricted and closely-held shares from a firm's total outstanding shares, we can calculate its floating stock. The term "closely-held shares" refers to shares held by employees, major shareholders, and company insiders. At present, LPCN has 5.26M shares in float.

LPCN short ratio: what is it?

Short ratio is calculated by dividing the number of short shares, short interest or bets that shareholders will sell short from the average daily volume. A higher ratio indicates longer times needed to repurchase borrowed shares (sold). The short ratio for LPCN is 2.66.

Lipocine (LPCN) insider trading activity: Get Latest News Today

Stock Outstanding Shares

Making an investment decision in the stock market involves a certain amount of risk, so it's important to thoroughly review a company's stock before making any decisions. Stock float, number of short positions and outstanding shares are among the many factors an investor should take into account.

ShortableYes

OptionableNo

Short Percent Of Outstanding Shares1.83

Short Percent Of Float1.89

Shares Outstanding5.42M

Shares Float5.26M

Shares Short98.44K

Short Ratio2.66

1.89%

Short % of Float

1.83%

Short % of Shares Outstanding

Market Insider

Investors cannot turn a blind eye to insiders as well as institutional ownership. They need to follow insider trades to determine the direction the stock is likely to take.

Major Holders Summary

2.91% Percentage of Shares held by All Insiders

9.81% Percentage of Shares held by All Institutions

10.1% Percentage of Float held by Institutions

Number of Institutions Holding Shares

Institutional Ownership

About 9.81% of LPCN shares are held by financial institutions. BOOTHBAY FUND MANAGEMENT, LLC is the top corporate investor, holding 54.89K shares valued at $440.79K. A 1.01% stake in Lipocine Inc. is owned by the company. PERSISTENT ASSET PARTNERS LTD owns 70.58K shares valued at $566.73K, which translates its holding of 1.3% of the stake in the company.

Date	Holder	% Stake	Shares Held	Total Value ($)	Shares	% Change in Portfolio
Dec 31, 2025	BOOTHBAY FUND MANAGEMENT, LLC	1.01%	54.89K	440.79K	54.89K	+100.00%
Dec 31, 2025	PERSISTENT ASSET PARTNERS LTD	1.3%	70.58K	566.73K	70.58K	+100.00%
Dec 31, 2025	IKARIAN CAPITAL, LLC	3.69%	199.54K	1.6M	199.54K	+100.00%
Dec 31, 2025	DIADEMA PARTNERS LP	4.82%	260.94K	2.1M	260.94K	+100.00%
Dec 31, 2025	BANK OF AMERICA CORP /DE/	0%	52	417	3	+6.12%
Dec 31, 2025	SBI SECURITIES CO., LTD.	0%	67	538	0	0
Dec 31, 2025	UBS GROUP AG	0.1%	5.6K	44.99K	3.84K	+217.27%
Dec 31, 2025	MORGAN STANLEY	0.01%	751	6.03K	176	+30.61%
Dec 31, 2025		9.79%	530K	4.26M	530K	+100.00%
Dec 31, 2025	DIMENSIONAL FUND ADVISORS LP	0.22%	12.14K	97.48K	0	0
Dec 31, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0%	0	-	-1.17K	-100.00%
Dec 31, 2025	BARCLAYS PLC	0%	0	-	-9.41K	-100.00%
Dec 31, 2025	ADVISOR GROUP HOLDINGS, INC.	0%	118	947	-2.15K	-94.80%
Dec 31, 2025	STATE STREET CORP	0.34%	18.63K	149.57K	0	0
Dec 31, 2025	RENAISSANCE TECHNOLOGIES LLC	0.69%	37.4K	300.3K	1.3K	+3.60%
Dec 31, 2025	TIDEMARK, LLC	0%	59	474	0	0
Dec 31, 2025	CITIGROUP INC	0%	0	-	-3	-100.00%
Dec 31, 2025	JANE STREET GROUP, LLC	0.2%	10.57K	84.91K	10.57K	+100.00%
Dec 31, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.15%	62.45K	501.54K	1.37K	+2.25%
Dec 31, 2025	BLACKROCK, INC.	1.65%	89.27K	716.85K	0	0
Dec 31, 2025	VANGUARD GROUP INC	4.1%	221.87K	1.78M	0	0
Dec 31, 2025	ROYAL BANK OF CANADA	0%	73	1K	73	+100.00%
Dec 31, 2025	HIGHMARK WEALTH MANAGEMENT LLC	0%	100	803	100	+100.00%
Dec 31, 2025	GROUP ONE TRADING, L.P.	0%	162	1.3K	0	0
Dec 31, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	3.78K	0	0
Dec 31, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.46%	24.91K	200.02K	-21.85K	-46.73%
Dec 31, 2025	CITADEL ADVISORS LLC	0%	0	-	-14.25K	-100.00%
Dec 31, 2025	FMR LLC	0%	77	618	18	+30.51%
Dec 31, 2025	NORTHERN TRUST CORP	0.24%	13.16K	105.68K	0	0
Dec 31, 2025	AMERIPRISE FINANCIAL INC	0.3%	16.1K	129.32K	16.1K	+100.00%
Sep 30, 2025	CITADEL ADVISORS LLC	0.27%	14.25K	40.75K	14.25K	+100.00%
Sep 30, 2025	MORGAN STANLEY	0.01%	575	1.64K	0	0
Sep 30, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.02%	1.17K	3.33K	497	+73.85%
Sep 30, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.27K	6.46K	-19	-0.83%
Sep 30, 2025	NORTHERN TRUST CORP	0.25%	13.16K	37.51K	0	0
Sep 30, 2025	STATE STREET CORP	0.35%	18.63K	53.27K	0	0
Sep 30, 2025	CITIGROUP INC	0%	3	9	3	+100.00%
Sep 30, 2025	BANK OF AMERICA CORP /DE/	0%	49	139	-2.54K	-98.11%
Sep 30, 2025	TIDEMARK, LLC	0%	59	168	0	0
Sep 30, 2025	FMR LLC	0%	59	169	59	+100.00%
Sep 30, 2025	SBI SECURITIES CO., LTD.	0%	67	191	0	0
Sep 30, 2025	DIMENSIONAL FUND ADVISORS LP	0.23%	12.14K	34.72K	-11.72K	-49.12%
Sep 30, 2025	RENAISSANCE TECHNOLOGIES LLC	0.67%	36.1K	102.88K	1.3K	+3.74%
Sep 30, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.87%	46.76K	133.74K	742	+1.61%
Sep 30, 2025	BARCLAYS PLC	0.18%	9.41K	26.82K	0	0
Sep 30, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.14%	61.08K	174.7K	0	0
Sep 30, 2025	UBS GROUP AG	0.03%	1.77K	5.03K	1.29K	+271.79%
Sep 30, 2025	VANGUARD GROUP INC	4.15%	221.87K	634.54K	-3.01K	-1.34%
Sep 30, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.34K	0	0
Sep 30, 2025	GROUP ONE TRADING, L.P.	0%	162	463	0	0
Sep 30, 2025	BLACKROCK, INC.	1.67%	89.27K	254.43K	0	0
Jun 30, 2025	STATE STREET CORP	0.35%	18.63K	58.86K	0	0
Jun 30, 2025	BLACKROCK, INC.	1.67%	89.27K	282.1K	0	0
Jun 30, 2025	RENAISSANCE TECHNOLOGIES LLC	0.65%	34.8K	109.96K	-2.71K	-7.23%
Jun 30, 2025	DIMENSIONAL FUND ADVISORS LP	0.45%	23.86K	75.4K	-1.07K	-4.30%
Jun 30, 2025	NORTHERN TRUST CORP	0.25%	13.16K	41.59K	0	0
Jun 30, 2025	BARCLAYS PLC	0.18%	9.41K	30K	9.41K	+100.00%
Jun 30, 2025	BANK OF AMERICA CORP /DE/	0.05%	2.59K	8.18K	6	+0.23%
Jun 30, 2025		0%	67	212	0	0
Jun 30, 2025	TIDEMARK, LLC	0%	59	186	0	0
Jun 30, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.01%	673	2.13K	-564	-45.59%
Jun 30, 2025	JPMORGAN CHASE & CO	0%	0	-	-11	-100.00%
Jun 30, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.14%	61.08K	193.03K	2.24K	+3.81%
Jun 30, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.29K	7.23K	41	+1.83%
Jun 30, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.86%	46.02K	145.42K	7.04K	+18.06%
Jun 30, 2025	MORGAN STANLEY	0.01%	575	1.82K	-2K	-77.67%
Jun 30, 2025	UBS GROUP AG	0.01%	475	1.5K	276	+138.69%
Jun 30, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.49K	0	0
Jun 30, 2025	GROUP ONE TRADING, L.P.	0%	162	512	-35	-17.77%
Jun 30, 2025	FMR LLC	0%	0	-	-237	-100.00%
Jun 30, 2025	VANGUARD GROUP INC	4.2%	224.88K	710.61K	-1.4K	-0.62%
Jun 30, 2025	SBI SECURITIES CO., LTD.	0%	67	212	0	0
Mar 31, 2025	UBS GROUP AG	0%	199	632	196	+6,533.33%
Mar 31, 2025	GROUP ONE TRADING, L.P.	0%	197	626	0	0
Mar 31, 2025		0%	67	213	67	+100.00%
Mar 31, 2025	TIDEMARK, LLC	0%	59	188	59	+100.00%
Mar 31, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.25K	7.14K	2.02K	+889.43%
Mar 31, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.5K	0	0
Mar 31, 2025	RENAISSANCE TECHNOLOGIES LLC	0.7%	37.51K	119.28K	1.48K	+4.10%
Mar 31, 2025	DIMENSIONAL FUND ADVISORS LP	0.47%	24.94K	79.29K	4.42K	+21.54%
Mar 31, 2025	STATE STREET CORP	0.35%	18.63K	59.23K	0	0
Mar 31, 2025	NORTHERN TRUST CORP	0.25%	13.16K	41.85K	0	0
Mar 31, 2025	MORGAN STANLEY	0.05%	2.58K	8.19K	-59	-2.24%
Mar 31, 2025	JPMORGAN CHASE & CO	0%	11	35	-1	-8.33%
Mar 31, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.1%	58.83K	187.13K	1.37K	+2.38%
Mar 31, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.73%	38.98K	123.96K	13.98K	+55.89%
Mar 31, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.02%	1.24K	3.93K	-229	-15.62%
Mar 31, 2025	FMR LLC	0%	237	754	172	+264.62%
Mar 31, 2025	VANGUARD GROUP INC	4.23%	226.28K	719.56K	4.82K	+2.18%
Mar 31, 2025	BLACKROCK, INC.	1.67%	89.27K	283.89K	0	0
Mar 31, 2025	BANK OF AMERICA CORP /DE/	0.05%	2.58K	8.21K	2.52K	+4,062.90%
Mar 31, 2023	CALDWELL SUTTER CAPITAL, INC.	0.01%	8K	2.55K	8K	+100.00%
Mar 31, 2023	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	0.06%	50K	15.91K	0	0
Mar 31, 2023	BANK OF NEW YORK MELLON CORP	0.06%	52.96K	16.85K	0	0
Mar 31, 2023	PNC FINANCIAL SERVICES GROUP, INC.	0%	0	-	-200	-100.00%
Mar 31, 2023	WELLS FARGO & COMPANY/MN	0%	612	195	9	+1.49%
Mar 31, 2023	CITADEL ADVISORS LLC	0%	900	286	-11.3K	-92.62%
Mar 31, 2023	BANK OF AMERICA CORP /DE/	0%	1K	318	-198	-16.53%
Mar 31, 2023	ADVISOR GROUP HOLDINGS, INC.	0%	1.15K	365	1.15K	+100.00%
Mar 31, 2023	VIRTU FINANCIAL LLC	0.02%	20.49K	7K	20.49K	+100.00%
Mar 31, 2023	MOLONEY SECURITIES ASSET MANAGEMENT, LLC	0.03%	22.5K	7.16K	0	0
Mar 31, 2023	MORGAN STANLEY	0.03%	23.48K	7.47K	-1	0.00%
Mar 31, 2023	UBS GROUP AG	0.03%	25.11K	7.99K	13.65K	+119.08%
Mar 31, 2023	TOWER RESEARCH CAPITAL LLC (TRC)	0.03%	26.77K	9K	7.23K	+36.98%
Mar 31, 2023	AARON WEALTH ADVISORS LLC	0.04%	35.95K	11.44K	0	0
Mar 31, 2023	JANE STREET GROUP, LLC	0.05%	40.87K	13K	24.36K	+147.59%
Mar 31, 2023	AMERIPRISE FINANCIAL INC	0.05%	44K	14K	-110	-0.25%
Mar 31, 2023	CARSON ADVISORY INC.	0.06%	52K	16.54K	52K	+100.00%
Mar 31, 2023	WEALTHSPAN PARTNERS, LLC	0.07%	65.2K	20.74K	-8.75K	-11.83%
Mar 31, 2023	CREATIVE PLANNING	0.01%	10K	3.18K	0	0
Mar 31, 2023	ACADIAN ASSET MANAGEMENT LLC	0.01%	12.01K	3K	-73.06K	-85.88%
Mar 31, 2023	SNOWDEN CAPITAL ADVISORS LLC	0.01%	12.58K	4K	0	0
Mar 31, 2023	CUTLER GROUP LLC / CA	0.01%	13K	4K	0	0
Mar 31, 2023	CHOREO, LLC	0.07%	65.21K	20.74K	0	0
Mar 31, 2023	EP WEALTH ADVISORS, LLC	0.08%	66.98K	13.39M	40.35K	+151.47%
Mar 31, 2023	MML INVESTORS SERVICES, LLC	0.09%	77K	24K	0	0
Mar 31, 2023	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.1%	88.8K	28.42K	-283.8K	-76.17%
Mar 31, 2023	TWO SIGMA ADVISERS, LP	0.15%	132K	41.99K	-30.5K	-18.77%
Mar 31, 2023	NORTHERN TRUST CORP	0.18%	160.6K	51.09K	0	0
Mar 31, 2023	KESTRA PRIVATE WEALTH SERVICES, LLC	0.02%	14.46K	4.6K	0	0
Mar 31, 2023	MILLENNIUM MANAGEMENT LLC	0.21%	184.54K	59K	122.69K	+198.35%
Mar 31, 2023	RENAISSANCE TECHNOLOGIES LLC	0.22%	198.35K	63K	2.05K	+1.04%
Mar 31, 2023	TWO SIGMA INVESTMENTS, LP	0.29%	253.98K	80.79K	-35.3K	-12.20%
Mar 31, 2023	PRICE T ROWE ASSOCIATES INC /MD/	0.2%	174.6K	56K	-10.06K	-5.45%
Mar 31, 2023	AZZAD ASSET MANAGEMENT INC /ADV	0.02%	15K	4.77K	15K	+100.00%
Mar 31, 2023	KESTRA ADVISORY SERVICES, LLC	0.32%	283.92K	90.31K	0	0
Mar 31, 2023		0.02%	15K	4.77K	15K	+100.00%
Mar 31, 2023	WEALTH EFFECTS LLC	0.85%	756.67K	240.7K	-422.16K	-35.81%
Mar 31, 2023	MERCER GLOBAL ADVISORS INC /ADV	0%	0	-	-159.11K	-100.00%
Mar 31, 2023	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	0%	0	-	0	0
Mar 31, 2023	NEWSQUARE CAPITAL LLC	0%	200	64	0	0
Mar 31, 2023	JPMORGAN CHASE & CO	0%	3K	1K	0	0
Mar 31, 2023	CORNERSTONE WEALTH MANAGEMENT, LLC	0.02%	16K	5.09M	16K	+100.00%
Mar 31, 2023	LPL FINANCIAL LLC	0.06%	56.5K	17.97K	-5K	-8.13%
Mar 31, 2023	STATE STREET CORP	0.36%	316.63K	100.72K	0	0
Mar 31, 2023	BRIDGEWAY CAPITAL MANAGEMENT, LLC	0.47%	419.3K	133.38K	-6.36K	-1.50%
Mar 31, 2023	BLACKROCK INC.	1.66%	1.47M	466.79K	6.35K	+0.43%
Mar 31, 2023	GEODE CAPITAL MANAGEMENT, LLC	0.94%	830.06K	264.04K	0	0
Mar 31, 2023	VANGUARD GROUP INC	4.29%	3.8M	1.21M	0	0
Mar 31, 2023	BAILARD, INC.	0%	0	-	-82.96K	-100.00%
Mar 31, 2023	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	0%	0	-	-51	-100.00%
Mar 31, 2023	GROUP ONE TRADING, L.P.	0%	2.05K	651	2.05K	+100.00%

Insiders

Among the LPCN insiders holding of 2.91% of the stake in company, HIGUCHI JOHN W., director, holds the largest shares of 693.55K. BROWN MORGAN R, EVP and CFO, is the second largest LPCN insider with ownership of 194.5K shares. PATEL MAHESH V., Chief Executive Officer, stands third with possession of 135.68K shares of that stake.

Insiders	Designation	Shares Held
HIGUCHI JOHN W.	director	693.55K
BROWN MORGAN R	EVP and CFO	194.5K
PATEL MAHESH V.	Chief Executive Officer	135.68K
PAPAPETROPOULOS SPYROS	director	21.74K
ONO RICHARD DANA	director	14.13K
FOGARTY KRISTA	Principal Accounting Officer	12.5K
BASS GREGORY BROOKS	Chief Commercial Officer	5.63K
HILL STEPHEN A	director	5.25K
FINK JEFFREY ARVIN	director	937

Buying/Selling by Insiders

Date	Insider	Type	Cost	Shares	Value ($)	Shares Total
Apr 02, 2026	PATEL MAHESH V.	PURCHASE	2.02	25K	50.5K	135.68K
May 25, 2023	PATEL MAHESH V.	PURCHASE	5.03	8.71K	43.79K	107.42K
Mar 24, 2023	PATEL MAHESH V.	PURCHASE	0.32	150K	48K	1.68M
Mar 20, 2023	ONO RICHARD DANA	PURCHASE	0.34	4K	1.36K	14.13K
Mar 17, 2023	PATEL MAHESH V.	PURCHASE	0.33	50K	16.5K	1.53M
Nov 22, 2022	PAPAPETROPOULOS SPYROS	PURCHASE	0.47	21.74K	10.22K	21.74K
Nov 14, 2022	PATEL MAHESH V.	PURCHASE	0.39	75K	29.25K	1.48M
Sep 27, 2022	PATEL MAHESH V.	PURCHASE	0.41	100K	41K	1.4M
May 17, 2022	FOGARTY KRISTA	PURCHASE	0.86	12.5K	10.75K	12.5K
May 16, 2022	PATEL MAHESH V.	PURCHASE	0.77	50K	38.5K	1.3M
Nov 18, 2021	PATEL MAHESH V.	PURCHASE	1.09	25K	27.25K	1.25M
Dec 31, 2020	HIGUCHI JOHN W.	SALE	1.35	5K	6.77K	693.55K
Dec 16, 2020	BROWN MORGAN R	SALE	1.35	8.44K	11.39K	194.5K
Dec 16, 2020	PATEL MAHESH V.	SALE	1.35	15K	20.25K	1.23M
Dec 04, 2020	BROWN MORGAN R	SALE	1.57	17.25K	27.02K	104.06K
Dec 04, 2020	PATEL MAHESH V.	SALE	1.57	43.5K	68.13K	1.08M
Mar 17, 2020	HIGUCHI JOHN W.	PURCHASE	0.32	220K	69.54K	696.5K
Dec 31, 2019	PATEL MAHESH V.	PURCHASE	0.38	40K	15.34K	973.61K
Dec 10, 2019	PATEL MAHESH V.	PURCHASE	0.40	25K	9.98K	933.61K
Dec 04, 2019	BROWN MORGAN R	SALE	0.41	17.25K	7.08K	63.81K
Dec 04, 2019	PATEL MAHESH V.	SALE	0.41	43.5K	17.84K	908.61K
Nov 26, 2019	PATEL MAHESH V.	PURCHASE	0.43	1.27K	542.51	783.38K
Nov 18, 2019	PATEL MAHESH V.	PURCHASE	0.40	4.93K	1.97K	737.04K
Dec 29, 2017	BROWN MORGAN R	SALE	3.47	2.81K	9.77K	23.56K
Dec 29, 2017	HILL STEPHEN A	SALE	3.47	1.25K	4.34K	5.25K
Dec 29, 2017	PATEL MAHESH V.	SALE	3.48	6K	20.87K	722.11K
Dec 29, 2017	FINK JEFFREY ARVIN	SALE	3.47	938	3.26K	937
Dec 29, 2017	BASS GREGORY BROOKS	SALE	3.47	3.75K	13.02K	5.63K
Dec 29, 2017	ONO RICHARD DANA	SALE	3.47	875	3.03K	4.88K
Sep 30, 2015	PATEL MAHESH V.	PURCHASE	12.00	2K	24K	885.63K
Sep 30, 2015	HIGUCHI JOHN W.	PURCHASE	12.68	5K	63.4K	693.38K
Nov 25, 2014	PATEL MAHESH V.	PURCHASE	5.10	2K	10.2K	885.63K
Nov 24, 2014	PATEL MAHESH V.	PURCHASE	5.45	2K	10.9K	883.63K
Nov 19, 2014	ONO RICHARD DANA	PURCHASE	5.14	4K	20.56K	4K
Nov 14, 2014	PATEL MAHESH V.	PURCHASE	5.06	1.9K	9.61K	881.53K
Nov 13, 2014	HILL STEPHEN A	PURCHASE	4.95	4K	19.8K	4K
Nov 13, 2014	PATEL MAHESH V.	PURCHASE	5.05	2K	10.1K	879.63K

Insider Transaction Summary (6 Months)

SHARESTRANS

PURCHASE25K1

SALES00

NET SHARES25K1

SHARES HELD135.68K1

% NET SHARES-81.57%0%

Frequently Asked Questions

Stock Outstanding Shares

ShortableYes

OptionableNo

Short Percent Of Outstanding Shares1.83

Short Percent Of Float1.89

Shares Outstanding5.42M

Shares Float5.26M

Shares Short98.44K

Short Ratio2.66

1.89%

Short % of Float

1.83%

Short % of Shares Outstanding

Market Insider

Investors cannot turn a blind eye to insiders as well as institutional ownership. They need to follow insider trades to determine the direction the stock is likely to take.

Major Holders Summary

2.91% Percentage of Shares held by All Insiders

9.81% Percentage of Shares held by All Institutions

10.1% Percentage of Float held by Institutions

Number of Institutions Holding Shares

Institutional Ownership

Date	Holder	% Stake	Shares Held	Total Value ($)	Shares	% Change in Portfolio
Dec 31, 2025	BOOTHBAY FUND MANAGEMENT, LLC	1.01%	54.89K	440.79K	54.89K	+100.00%
Dec 31, 2025	PERSISTENT ASSET PARTNERS LTD	1.3%	70.58K	566.73K	70.58K	+100.00%
Dec 31, 2025	IKARIAN CAPITAL, LLC	3.69%	199.54K	1.6M	199.54K	+100.00%
Dec 31, 2025	DIADEMA PARTNERS LP	4.82%	260.94K	2.1M	260.94K	+100.00%
Dec 31, 2025	BANK OF AMERICA CORP /DE/	0%	52	417	3	+6.12%
Dec 31, 2025	SBI SECURITIES CO., LTD.	0%	67	538	0	0
Dec 31, 2025	UBS GROUP AG	0.1%	5.6K	44.99K	3.84K	+217.27%
Dec 31, 2025	MORGAN STANLEY	0.01%	751	6.03K	176	+30.61%
Dec 31, 2025		9.79%	530K	4.26M	530K	+100.00%
Dec 31, 2025	DIMENSIONAL FUND ADVISORS LP	0.22%	12.14K	97.48K	0	0
Dec 31, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0%	0	-	-1.17K	-100.00%
Dec 31, 2025	BARCLAYS PLC	0%	0	-	-9.41K	-100.00%
Dec 31, 2025	ADVISOR GROUP HOLDINGS, INC.	0%	118	947	-2.15K	-94.80%
Dec 31, 2025	STATE STREET CORP	0.34%	18.63K	149.57K	0	0
Dec 31, 2025	RENAISSANCE TECHNOLOGIES LLC	0.69%	37.4K	300.3K	1.3K	+3.60%
Dec 31, 2025	TIDEMARK, LLC	0%	59	474	0	0
Dec 31, 2025	CITIGROUP INC	0%	0	-	-3	-100.00%
Dec 31, 2025	JANE STREET GROUP, LLC	0.2%	10.57K	84.91K	10.57K	+100.00%
Dec 31, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.15%	62.45K	501.54K	1.37K	+2.25%
Dec 31, 2025	BLACKROCK, INC.	1.65%	89.27K	716.85K	0	0
Dec 31, 2025	VANGUARD GROUP INC	4.1%	221.87K	1.78M	0	0
Dec 31, 2025	ROYAL BANK OF CANADA	0%	73	1K	73	+100.00%
Dec 31, 2025	HIGHMARK WEALTH MANAGEMENT LLC	0%	100	803	100	+100.00%
Dec 31, 2025	GROUP ONE TRADING, L.P.	0%	162	1.3K	0	0
Dec 31, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	3.78K	0	0
Dec 31, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.46%	24.91K	200.02K	-21.85K	-46.73%
Dec 31, 2025	CITADEL ADVISORS LLC	0%	0	-	-14.25K	-100.00%
Dec 31, 2025	FMR LLC	0%	77	618	18	+30.51%
Dec 31, 2025	NORTHERN TRUST CORP	0.24%	13.16K	105.68K	0	0
Dec 31, 2025	AMERIPRISE FINANCIAL INC	0.3%	16.1K	129.32K	16.1K	+100.00%
Sep 30, 2025	CITADEL ADVISORS LLC	0.27%	14.25K	40.75K	14.25K	+100.00%
Sep 30, 2025	MORGAN STANLEY	0.01%	575	1.64K	0	0
Sep 30, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.02%	1.17K	3.33K	497	+73.85%
Sep 30, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.27K	6.46K	-19	-0.83%
Sep 30, 2025	NORTHERN TRUST CORP	0.25%	13.16K	37.51K	0	0
Sep 30, 2025	STATE STREET CORP	0.35%	18.63K	53.27K	0	0
Sep 30, 2025	CITIGROUP INC	0%	3	9	3	+100.00%
Sep 30, 2025	BANK OF AMERICA CORP /DE/	0%	49	139	-2.54K	-98.11%
Sep 30, 2025	TIDEMARK, LLC	0%	59	168	0	0
Sep 30, 2025	FMR LLC	0%	59	169	59	+100.00%
Sep 30, 2025	SBI SECURITIES CO., LTD.	0%	67	191	0	0
Sep 30, 2025	DIMENSIONAL FUND ADVISORS LP	0.23%	12.14K	34.72K	-11.72K	-49.12%
Sep 30, 2025	RENAISSANCE TECHNOLOGIES LLC	0.67%	36.1K	102.88K	1.3K	+3.74%
Sep 30, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.87%	46.76K	133.74K	742	+1.61%
Sep 30, 2025	BARCLAYS PLC	0.18%	9.41K	26.82K	0	0
Sep 30, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.14%	61.08K	174.7K	0	0
Sep 30, 2025	UBS GROUP AG	0.03%	1.77K	5.03K	1.29K	+271.79%
Sep 30, 2025	VANGUARD GROUP INC	4.15%	221.87K	634.54K	-3.01K	-1.34%
Sep 30, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.34K	0	0
Sep 30, 2025	GROUP ONE TRADING, L.P.	0%	162	463	0	0
Sep 30, 2025	BLACKROCK, INC.	1.67%	89.27K	254.43K	0	0
Jun 30, 2025	STATE STREET CORP	0.35%	18.63K	58.86K	0	0
Jun 30, 2025	BLACKROCK, INC.	1.67%	89.27K	282.1K	0	0
Jun 30, 2025	RENAISSANCE TECHNOLOGIES LLC	0.65%	34.8K	109.96K	-2.71K	-7.23%
Jun 30, 2025	DIMENSIONAL FUND ADVISORS LP	0.45%	23.86K	75.4K	-1.07K	-4.30%
Jun 30, 2025	NORTHERN TRUST CORP	0.25%	13.16K	41.59K	0	0
Jun 30, 2025	BARCLAYS PLC	0.18%	9.41K	30K	9.41K	+100.00%
Jun 30, 2025	BANK OF AMERICA CORP /DE/	0.05%	2.59K	8.18K	6	+0.23%
Jun 30, 2025		0%	67	212	0	0
Jun 30, 2025	TIDEMARK, LLC	0%	59	186	0	0
Jun 30, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.01%	673	2.13K	-564	-45.59%
Jun 30, 2025	JPMORGAN CHASE & CO	0%	0	-	-11	-100.00%
Jun 30, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.14%	61.08K	193.03K	2.24K	+3.81%
Jun 30, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.29K	7.23K	41	+1.83%
Jun 30, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.86%	46.02K	145.42K	7.04K	+18.06%
Jun 30, 2025	MORGAN STANLEY	0.01%	575	1.82K	-2K	-77.67%
Jun 30, 2025	UBS GROUP AG	0.01%	475	1.5K	276	+138.69%
Jun 30, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.49K	0	0
Jun 30, 2025	GROUP ONE TRADING, L.P.	0%	162	512	-35	-17.77%
Jun 30, 2025	FMR LLC	0%	0	-	-237	-100.00%
Jun 30, 2025	VANGUARD GROUP INC	4.2%	224.88K	710.61K	-1.4K	-0.62%
Jun 30, 2025	SBI SECURITIES CO., LTD.	0%	67	212	0	0
Mar 31, 2025	UBS GROUP AG	0%	199	632	196	+6,533.33%
Mar 31, 2025	GROUP ONE TRADING, L.P.	0%	197	626	0	0
Mar 31, 2025		0%	67	213	67	+100.00%
Mar 31, 2025	TIDEMARK, LLC	0%	59	188	59	+100.00%
Mar 31, 2025	ADVISOR GROUP HOLDINGS, INC.	0.04%	2.25K	7.14K	2.02K	+889.43%
Mar 31, 2025	CALDWELL SUTTER CAPITAL, INC.	0.01%	471	1.5K	0	0
Mar 31, 2025	RENAISSANCE TECHNOLOGIES LLC	0.7%	37.51K	119.28K	1.48K	+4.10%
Mar 31, 2025	DIMENSIONAL FUND ADVISORS LP	0.47%	24.94K	79.29K	4.42K	+21.54%
Mar 31, 2025	STATE STREET CORP	0.35%	18.63K	59.23K	0	0
Mar 31, 2025	NORTHERN TRUST CORP	0.25%	13.16K	41.85K	0	0
Mar 31, 2025	MORGAN STANLEY	0.05%	2.58K	8.19K	-59	-2.24%
Mar 31, 2025	JPMORGAN CHASE & CO	0%	11	35	-1	-8.33%
Mar 31, 2025	GEODE CAPITAL MANAGEMENT, LLC	1.1%	58.83K	187.13K	1.37K	+2.38%
Mar 31, 2025	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.73%	38.98K	123.96K	13.98K	+55.89%
Mar 31, 2025	TOWER RESEARCH CAPITAL LLC (TRC)	0.02%	1.24K	3.93K	-229	-15.62%
Mar 31, 2025	FMR LLC	0%	237	754	172	+264.62%
Mar 31, 2025	VANGUARD GROUP INC	4.23%	226.28K	719.56K	4.82K	+2.18%
Mar 31, 2025	BLACKROCK, INC.	1.67%	89.27K	283.89K	0	0
Mar 31, 2025	BANK OF AMERICA CORP /DE/	0.05%	2.58K	8.21K	2.52K	+4,062.90%
Mar 31, 2023	CALDWELL SUTTER CAPITAL, INC.	0.01%	8K	2.55K	8K	+100.00%
Mar 31, 2023	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	0.06%	50K	15.91K	0	0
Mar 31, 2023	BANK OF NEW YORK MELLON CORP	0.06%	52.96K	16.85K	0	0
Mar 31, 2023	PNC FINANCIAL SERVICES GROUP, INC.	0%	0	-	-200	-100.00%
Mar 31, 2023	WELLS FARGO & COMPANY/MN	0%	612	195	9	+1.49%
Mar 31, 2023	CITADEL ADVISORS LLC	0%	900	286	-11.3K	-92.62%
Mar 31, 2023	BANK OF AMERICA CORP /DE/	0%	1K	318	-198	-16.53%
Mar 31, 2023	ADVISOR GROUP HOLDINGS, INC.	0%	1.15K	365	1.15K	+100.00%
Mar 31, 2023	VIRTU FINANCIAL LLC	0.02%	20.49K	7K	20.49K	+100.00%
Mar 31, 2023	MOLONEY SECURITIES ASSET MANAGEMENT, LLC	0.03%	22.5K	7.16K	0	0
Mar 31, 2023	MORGAN STANLEY	0.03%	23.48K	7.47K	-1	0.00%
Mar 31, 2023	UBS GROUP AG	0.03%	25.11K	7.99K	13.65K	+119.08%
Mar 31, 2023	TOWER RESEARCH CAPITAL LLC (TRC)	0.03%	26.77K	9K	7.23K	+36.98%
Mar 31, 2023	AARON WEALTH ADVISORS LLC	0.04%	35.95K	11.44K	0	0
Mar 31, 2023	JANE STREET GROUP, LLC	0.05%	40.87K	13K	24.36K	+147.59%
Mar 31, 2023	AMERIPRISE FINANCIAL INC	0.05%	44K	14K	-110	-0.25%
Mar 31, 2023	CARSON ADVISORY INC.	0.06%	52K	16.54K	52K	+100.00%
Mar 31, 2023	WEALTHSPAN PARTNERS, LLC	0.07%	65.2K	20.74K	-8.75K	-11.83%
Mar 31, 2023	CREATIVE PLANNING	0.01%	10K	3.18K	0	0
Mar 31, 2023	ACADIAN ASSET MANAGEMENT LLC	0.01%	12.01K	3K	-73.06K	-85.88%
Mar 31, 2023	SNOWDEN CAPITAL ADVISORS LLC	0.01%	12.58K	4K	0	0
Mar 31, 2023	CUTLER GROUP LLC / CA	0.01%	13K	4K	0	0
Mar 31, 2023	CHOREO, LLC	0.07%	65.21K	20.74K	0	0
Mar 31, 2023	EP WEALTH ADVISORS, LLC	0.08%	66.98K	13.39M	40.35K	+151.47%
Mar 31, 2023	MML INVESTORS SERVICES, LLC	0.09%	77K	24K	0	0
Mar 31, 2023	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.1%	88.8K	28.42K	-283.8K	-76.17%
Mar 31, 2023	TWO SIGMA ADVISERS, LP	0.15%	132K	41.99K	-30.5K	-18.77%
Mar 31, 2023	NORTHERN TRUST CORP	0.18%	160.6K	51.09K	0	0
Mar 31, 2023	KESTRA PRIVATE WEALTH SERVICES, LLC	0.02%	14.46K	4.6K	0	0
Mar 31, 2023	MILLENNIUM MANAGEMENT LLC	0.21%	184.54K	59K	122.69K	+198.35%
Mar 31, 2023	RENAISSANCE TECHNOLOGIES LLC	0.22%	198.35K	63K	2.05K	+1.04%
Mar 31, 2023	TWO SIGMA INVESTMENTS, LP	0.29%	253.98K	80.79K	-35.3K	-12.20%
Mar 31, 2023	PRICE T ROWE ASSOCIATES INC /MD/	0.2%	174.6K	56K	-10.06K	-5.45%
Mar 31, 2023	AZZAD ASSET MANAGEMENT INC /ADV	0.02%	15K	4.77K	15K	+100.00%
Mar 31, 2023	KESTRA ADVISORY SERVICES, LLC	0.32%	283.92K	90.31K	0	0
Mar 31, 2023		0.02%	15K	4.77K	15K	+100.00%
Mar 31, 2023	WEALTH EFFECTS LLC	0.85%	756.67K	240.7K	-422.16K	-35.81%
Mar 31, 2023	MERCER GLOBAL ADVISORS INC /ADV	0%	0	-	-159.11K	-100.00%
Mar 31, 2023	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	0%	0	-	0	0
Mar 31, 2023	NEWSQUARE CAPITAL LLC	0%	200	64	0	0
Mar 31, 2023	JPMORGAN CHASE & CO	0%	3K	1K	0	0
Mar 31, 2023	CORNERSTONE WEALTH MANAGEMENT, LLC	0.02%	16K	5.09M	16K	+100.00%
Mar 31, 2023	LPL FINANCIAL LLC	0.06%	56.5K	17.97K	-5K	-8.13%
Mar 31, 2023	STATE STREET CORP	0.36%	316.63K	100.72K	0	0
Mar 31, 2023	BRIDGEWAY CAPITAL MANAGEMENT, LLC	0.47%	419.3K	133.38K	-6.36K	-1.50%
Mar 31, 2023	BLACKROCK INC.	1.66%	1.47M	466.79K	6.35K	+0.43%
Mar 31, 2023	GEODE CAPITAL MANAGEMENT, LLC	0.94%	830.06K	264.04K	0	0
Mar 31, 2023	VANGUARD GROUP INC	4.29%	3.8M	1.21M	0	0
Mar 31, 2023	BAILARD, INC.	0%	0	-	-82.96K	-100.00%
Mar 31, 2023	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	0%	0	-	-51	-100.00%
Mar 31, 2023	GROUP ONE TRADING, L.P.	0%	2.05K	651	2.05K	+100.00%

Insiders

Insiders	Designation	Shares Held
HIGUCHI JOHN W.	director	693.55K
BROWN MORGAN R	EVP and CFO	194.5K
PATEL MAHESH V.	Chief Executive Officer	135.68K
PAPAPETROPOULOS SPYROS	director	21.74K
ONO RICHARD DANA	director	14.13K
FOGARTY KRISTA	Principal Accounting Officer	12.5K
BASS GREGORY BROOKS	Chief Commercial Officer	5.63K
HILL STEPHEN A	director	5.25K
FINK JEFFREY ARVIN	director	937

Buying/Selling by Insiders

Date	Insider	Type	Cost	Shares	Value ($)	Shares Total
Apr 02, 2026	PATEL MAHESH V.	PURCHASE	2.02	25K	50.5K	135.68K
May 25, 2023	PATEL MAHESH V.	PURCHASE	5.03	8.71K	43.79K	107.42K
Mar 24, 2023	PATEL MAHESH V.	PURCHASE	0.32	150K	48K	1.68M
Mar 20, 2023	ONO RICHARD DANA	PURCHASE	0.34	4K	1.36K	14.13K
Mar 17, 2023	PATEL MAHESH V.	PURCHASE	0.33	50K	16.5K	1.53M
Nov 22, 2022	PAPAPETROPOULOS SPYROS	PURCHASE	0.47	21.74K	10.22K	21.74K
Nov 14, 2022	PATEL MAHESH V.	PURCHASE	0.39	75K	29.25K	1.48M
Sep 27, 2022	PATEL MAHESH V.	PURCHASE	0.41	100K	41K	1.4M
May 17, 2022	FOGARTY KRISTA	PURCHASE	0.86	12.5K	10.75K	12.5K
May 16, 2022	PATEL MAHESH V.	PURCHASE	0.77	50K	38.5K	1.3M
Nov 18, 2021	PATEL MAHESH V.	PURCHASE	1.09	25K	27.25K	1.25M
Dec 31, 2020	HIGUCHI JOHN W.	SALE	1.35	5K	6.77K	693.55K
Dec 16, 2020	BROWN MORGAN R	SALE	1.35	8.44K	11.39K	194.5K
Dec 16, 2020	PATEL MAHESH V.	SALE	1.35	15K	20.25K	1.23M
Dec 04, 2020	BROWN MORGAN R	SALE	1.57	17.25K	27.02K	104.06K
Dec 04, 2020	PATEL MAHESH V.	SALE	1.57	43.5K	68.13K	1.08M
Mar 17, 2020	HIGUCHI JOHN W.	PURCHASE	0.32	220K	69.54K	696.5K
Dec 31, 2019	PATEL MAHESH V.	PURCHASE	0.38	40K	15.34K	973.61K
Dec 10, 2019	PATEL MAHESH V.	PURCHASE	0.40	25K	9.98K	933.61K
Dec 04, 2019	BROWN MORGAN R	SALE	0.41	17.25K	7.08K	63.81K
Dec 04, 2019	PATEL MAHESH V.	SALE	0.41	43.5K	17.84K	908.61K
Nov 26, 2019	PATEL MAHESH V.	PURCHASE	0.43	1.27K	542.51	783.38K
Nov 18, 2019	PATEL MAHESH V.	PURCHASE	0.40	4.93K	1.97K	737.04K
Dec 29, 2017	BROWN MORGAN R	SALE	3.47	2.81K	9.77K	23.56K
Dec 29, 2017	HILL STEPHEN A	SALE	3.47	1.25K	4.34K	5.25K
Dec 29, 2017	PATEL MAHESH V.	SALE	3.48	6K	20.87K	722.11K
Dec 29, 2017	FINK JEFFREY ARVIN	SALE	3.47	938	3.26K	937
Dec 29, 2017	BASS GREGORY BROOKS	SALE	3.47	3.75K	13.02K	5.63K
Dec 29, 2017	ONO RICHARD DANA	SALE	3.47	875	3.03K	4.88K
Sep 30, 2015	PATEL MAHESH V.	PURCHASE	12.00	2K	24K	885.63K
Sep 30, 2015	HIGUCHI JOHN W.	PURCHASE	12.68	5K	63.4K	693.38K
Nov 25, 2014	PATEL MAHESH V.	PURCHASE	5.10	2K	10.2K	885.63K
Nov 24, 2014	PATEL MAHESH V.	PURCHASE	5.45	2K	10.9K	883.63K
Nov 19, 2014	ONO RICHARD DANA	PURCHASE	5.14	4K	20.56K	4K
Nov 14, 2014	PATEL MAHESH V.	PURCHASE	5.06	1.9K	9.61K	881.53K
Nov 13, 2014	HILL STEPHEN A	PURCHASE	4.95	4K	19.8K	4K
Nov 13, 2014	PATEL MAHESH V.	PURCHASE	5.05	2K	10.1K	879.63K

Insider Transaction Summary (6 Months)

SHARESTRANS

PURCHASE25K1

SALES00

NET SHARES25K1

SHARES HELD135.68K1

% NET SHARES-81.57%0%

LPCN Stock Ownership Breakdown

Lipocine

Stock Outstanding Shares

Market Insider

Institutional Ownership

Insiders

Buying/Selling by Insiders

Insider Transaction Summary (6 Months)

Frequently Asked Questions

Stock Outstanding Shares

Market Insider

Institutional Ownership

Insiders

Buying/Selling by Insiders

Insider Transaction Summary (6 Months)

Frequently Asked Questions