LPCNNasdaqPharmaceutical PreparationsFiscal year ends December 31
Lipocine Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$1.53−0.03 (-1.92%)
Close on Oct 19, 2026
- Market cap
- $12.57M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
36.2%
3M of 8M shares
Institutional holders
36
4 new, 15 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
5 buys · 0 sales
Net bought $461.73K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Squadron Master Fund LP | 810,000 | 9.80% | 13G (passive) amendment | Jun 30, 2026 |
| Matthew Sesterhenn | 530,000 | 9.50% | 13G (passive) amendment | Dec 31, 2025 |
| Ikarian Capital, LLC | 508,556 | 6.30% | 13G (passive) | Mar 31, 2026 |
| Squadron Capital Management LLC | 450,000 | 6.20% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LPCN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Squadron Capital Management LLC | 810,000 | 9.83% | $2.07M | +360,000 | 0.64% |
| Ikarian Capital, LLC | 508,556 | 6.17% | $1.30M | – | 0.14% |
| Eversept Partners, LP | 294,989 | 3.58% | $755.17K | – | 0.04% |
| Vanguard Capital Management LLC | 230,823 | 2.80% | $590.91K | +30,155 | 0.00% |
| Acadian Asset Management LLC | 170,417 | 2.07% | $435 | New | 0.00% |
| Boothbay Fund Management, LLC | 140,487 | 1.70% | $359.65K | – | 0.00% |
| Jane Street Group, LLC | 95,227 | 1.16% | $243.78K | +75,200 | 0.00% |
| BlackRock, Inc. | 89,272 | 1.08% | $228.54K | – | 0.00% |
| Two Sigma Investments, LP | 84,887 | 1.03% | $217.31K | +51,137 | 0.00% |
| Citadel Advisors LLC | 81,221 | 0.99% | $207.93K | +52,133 | 0.00% |
| Seven Fleet Capital Management LP | 78,842 | 0.96% | $201.84K | −46,100 | 0.03% |
| Geode Capital Management, LLC | 74,477 | 0.90% | $190.76K | +11,342 | 0.00% |
| Renaissance Technologies LLC | 69,209 | 0.84% | $177.18K | +30,712 | 0.00% |
| Vanguard Fiduciary Trust Co | 54,539 | 0.66% | $139.62K | +22,126 | 0.00% |
| Dimensional Fund Advisors LP | 36,775 | 0.45% | $94.14K | +17,653 | 0.00% |
| Hrt Financial LP | 29,238 | 0.35% | $74 | New | 0.00% |
| Susquehanna International Group, Llp | 25,376 | 0.31% | $64.96K | +468 | 0.00% |
| State Street Corp | 22,407 | 0.27% | $57.36K | – | 0.00% |
| Gsa Capital Partners Llp | 18,666 | 0.23% | $48 | New | 0.00% |
| Birchview Capital, LP | 16,712 | 0.20% | $42.78K | −95,074 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 36 | 3M | 36.2% | 4 / 14 | 3 / 15 | 1M | 1M |
| Q1 2026 | 47 | 3M | 39.8% | 24 / 9 | 10 / 2 | 2M | 0M |
| Q4 2025 | 26 | 2M | 19.8% | 8 / 7 | 2 / 4 | 1M | 0M |
| Q3 2025 | 22 | 1M | 6.4% | 4 / 4 | 4 / 0 | 0M | 0M |
| Q2 2025 | 18 | 1M | 6.4% | 1 / 5 | 6 / 2 | 0M | 0M |
| Q1 2025 | 19 | 1M | 6.3% | 2 / 9 | 3 / 0 | 0M | 0M |
| Q4 2024 | 17 | 0M | 5.9% | 1 / 4 | 5 / 2 | 0M | 0M |
| Q3 2024 | 18 | 1M | 6.6% | 2 / 8 | 0 / 2 | 0M | 0M |
| Q2 2024 | 19 | 1M | 6.4% | 4 / 6 | 5 / 3 | 0M | 0M |
| Q1 2024 | 18 | 0M | 5.8% | 2 / 5 | 5 / 3 | 0M | 0M |
| Q4 2023 | 19 | 0M | 5.9% | 1 / 7 | 4 / 3 | 0M | 0M |
| Q3 2023 | 21 | 0M | 6.1% | 2 / 6 | 5 / 5 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of LPCN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 142,773 | 1.73% | $365.50K | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 57,895 | 0.70% | $148.21K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 29,774 | 0.36% | $66.99K | 0.00% | May 31, 2026 |
| Fidelity Total Market Index Fund | 8,688 | 0.11% | $19.55K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 8,290 | 0.10% | $18.65K | 0.00% | May 31, 2026 |
| Tiff Multi-Asset Fund | 6,201 | 0.08% | $15.87K | 0.00% | Jun 30, 2026 |
| U.S. Sustainability Core 1 Portfolio | 6,181 | 0.07% | $13.10K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 6,038 | 0.07% | $12.80K | 0.00% | Jul 31, 2026 |
| Dimensional US Core Equity 1 ETF | 5,116 | 0.06% | $10.85K | 0.00% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 5,040 | 0.06% | $10.68K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 4,760 | 0.06% | $10.09K | 0.00% | Jul 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 4,461 | 0.05% | $10.04K | 0.00% | May 31, 2026 |
| Schwab Total Stock Market Index Fund | 2,942 | 0.04% | $6.24K | 0.00% | Jul 31, 2026 |
| U.S. Social Core Equity 2 Portfolio | 2,730 | 0.03% | $5.79K | 0.00% | Jul 31, 2026 |
| U.S. Vector Equity Portfolio | 2,156 | 0.03% | $4.57K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Mahesh V. Patel | Chief Executive Officer, Director | 349,391 | 4.24% | Jun 30, 2026 |
| Krista Fogarty | Principal Accounting Officer | 1,727 | 0.02% | Dec 19, 2025 |
| John W. Higuchi | Director | 274,836 | 3.33% | Sep 30, 2026 |
| Michael Grissinger | Director | – | – | Aug 7, 2026 |
| Jill M. Jene | Director | – | – | Jun 4, 2026 |
| Richard Dana Ono | Director | 14,125 | 0.17% | Jun 4, 2026 |
| Spyros Papapetropoulos | Director | 21,739 | 0.26% | Jun 5, 2025 |
| Jeffrey Arvin Fink | Director | 6,562 | 0.08% | Jun 5, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| John W. Higuchi Director | Sep 28, 2026 | Buy | +12,561 | $2.16 | $27.13K | 216,358 |
| John W. Higuchi Director | Apr 7, 2026 | Buy | +40,000 | $2.03 | $81.20K | 203,797 |
| Mahesh V. Patel Chief Executive Officer, Director | Apr 6, 2026 | Buy | +25,000 | $2.03 | $50.75K | 160,679 |
| John W. Higuchi Director | Apr 6, 2026 | Buy | +123,000 | $2.05 | $252.15K | 163,797 |
| Mahesh V. Patel Chief Executive Officer, Director | Apr 2, 2026 | Buy | +25,000 | $2.02 | $50.50K | 135,679 |
| Krista Fogarty Principal Accounting Officer | Mar 8, 2024 | Award | +991 | – | – | 1,727 |
| Mahesh V. Patel CEO and President, Director | Mar 8, 2024 | Award | +4,893 | – | – | 112,311 |
| Mahesh V. Patel CEO and President, Director | May 25, 2023 | Buy | +8,706 | $5.03 | $43.79K | 107,418 |
| Mahesh V. Patel CEO and President, Director | Mar 24, 2023 | Buy | +150,000 | $0.32 | $48.00K | 1,678,090 |
| Richard Dana Ono Director | Mar 20, 2023 | Buy | +4,000 | $0.34 | $1.36K | 14,125 |
| Mahesh V. Patel CEO and President, Director | Mar 17, 2023 | Buy | +50,000 | $0.33 | $16.50K | 1,528,090 |
| Spyros Papapetropoulos Director | Nov 22, 2022 | Buy | +21,739 | $0.47 | $10.22K | 21,739 |
| Mahesh V. Patel CEO and President, Director | Nov 14, 2022 | Buy | +75,000 | $0.39 | $29.25K | 1,478,090 |
| Mahesh V. Patel CEO and President, Director | Sep 27, 2022 | Buy | +100,000 | $0.41 | $41.00K | 1,403,090 |
| Krista Fogarty Principal Accounting Officer | May 17, 2022 | Buy | +12,500 | $0.86 | $10.75K | 12,500 |
| Mahesh V. Patel CEO and President, Director | May 16, 2022 | Buy | +50,000 | $0.77 | $38.50K | 1,303,090 |
| Mahesh V. Patel CEO and President, Director | Nov 18, 2021 | Buy | +25,000 | $1.09 | $27.25K | 1,253,090 |
| John W. Higuchi Director | Dec 31, 2020 | Sale | −1,700 | $1.35 | $2.30K | 698,548 |
| John W. Higuchi Director | Dec 31, 2020 | Sale | −5,000 | $1.35 | $6.75K | 693,548 |
| Stephen A. Hill Director | Dec 16, 2020 | Option exercise | +7,500 | – | – | 12,750 |
| John W. Higuchi Director | Dec 16, 2020 | Option exercise | +3,750 | – | – | 700,248 |
| Jeffrey Arvin Fink Director | Dec 16, 2020 | Option exercise | +5,625 | – | – | 6,562 |
| Morgan R. Brown EVP and CFO | Dec 16, 2020 | Sale(10b5-1 plan) | −8,437 | $1.35 | $11.39K | 194,504 |
| Morgan R. Brown EVP and CFO | Dec 16, 2020 | Option exercise | +28,125 | – | – | 202,941 |
| Mahesh V. Patel Chief Executive Officer, Director | Dec 16, 2020 | Option exercise | +45,000 | – | – | 1,243,090 |
| Mahesh V. Patel Chief Executive Officer, Director | Dec 16, 2020 | Sale(10b5-1 plan) | −15,000 | $1.35 | $20.25K | 1,228,090 |
| Richard Dana Ono Director | Dec 16, 2020 | Option exercise | +5,250 | – | – | 10,125 |
| Morgan R. Brown Chief Financial Officer | Dec 5, 2020 | Option exercise | +70,754 | – | – | 174,816 |
| Mahesh V. Patel Chief Executive Officer, Director | Dec 5, 2020 | Option exercise | +122,978 | – | – | 1,198,090 |
| Morgan R. Brown Chief Financial Officer | Dec 4, 2020 | Sale(10b5-1 plan) | −17,250 | $1.57 | $27.08K | 104,062 |
| Morgan R. Brown Chief Financial Officer | Dec 4, 2020 | Option exercise | +57,500 | – | – | 121,312 |
| Mahesh V. Patel Chief Executive Officer, Director | Dec 4, 2020 | Sale(10b5-1 plan) | −43,500 | $1.57 | $68.30K | 1,075,112 |
| Mahesh V. Patel Chief Executive Officer, Director | Dec 4, 2020 | Option exercise | +145,000 | – | – | 1,118,612 |
| John W. Higuchi Director | Mar 17, 2020 | Buy | +220,000 | $0.32 | $70.40K | 696,498 |
| Mahesh V. Patel CEO and President, Director | Dec 31, 2019 | Buy | +40,000 | $0.38 | $15.20K | 973,612 |
| Mahesh V. Patel President and CEO, Director | Dec 10, 2019 | Buy | +25,000 | $0.40 | $10.00K | 933,612 |
| Morgan R. Brown EVP and Chief Financial Office | Dec 4, 2019 | Sale(10b5-1 plan) | −17,250 | $0.41 | $7.07K | 63,812 |
| Morgan R. Brown EVP and Chief Financial Office | Dec 4, 2019 | Option exercise | +57,500 | – | – | 81,062 |
| Mahesh V. Patel CEO and President, Director | Dec 4, 2019 | Sale(10b5-1 plan) | −43,500 | $0.41 | $17.84K | 908,612 |
| Mahesh V. Patel CEO and President, Director | Dec 4, 2019 | Option exercise | +145,000 | – | – | 952,112 |
| Mahesh V. Patel President and CEO, Director | Nov 26, 2019 | Buy | +21,928 | $0.43 | $9.43K | 807,112 |
| Mahesh V. Patel President and CEO, Director | Nov 26, 2019 | Buy | +1,272 | $0.43 | $547 | 783,384 |
| Mahesh V. Patel President and CEO, Director | Nov 26, 2019 | Buy | +700 | $0.43 | $301 | 784,084 |
| Mahesh V. Patel President and CEO, Director | Nov 26, 2019 | Buy | +1,100 | $0.43 | $473 | 785,184 |
| Mahesh V. Patel CEO and President, Director | Nov 18, 2019 | Buy | +40,259 | $0.40 | $16.10K | 777,302 |
| Mahesh V. Patel CEO and President, Director | Nov 18, 2019 | Buy | +4,810 | $0.42 | $2.02K | 782,112 |
| Mahesh V. Patel CEO and President, Director | Nov 18, 2019 | Buy | +4,931 | $0.40 | $1.97K | 737,043 |
| Mahesh V. Patel President and CEO, Director | May 24, 2019 | Award | +473 | $1.60 | $757 | 729,612 |
| Mahesh V. Patel President and CEO, Director | May 24, 2019 | Award | +2,500 | $1.64 | $4.10K | 732,112 |
| Mahesh V. Patel President and CEO, Director | May 24, 2019 | Award | +4,527 | $1.58 | $7.15K | 726,639 |
| Mahesh V. Patel President and CEO, Director | May 24, 2019 | Award | +2,500 | $1.59 | $3.98K | 729,139 |
| Morgan R. Brown EVP and CFO | Dec 29, 2017 | Option exercise | +9,375 | – | – | 26,375 |
| Morgan R. Brown EVP and CFO | Dec 29, 2017 | Sale(10b5-1 plan) | −2,813 | $3.47 | $9.76K | 23,562 |
| Jeffrey Arvin Fink Director | Dec 29, 2017 | Sale(10b5-1 plan) | −938 | $3.47 | $3.25K | 937 |
| Jeffrey Arvin Fink Director | Dec 29, 2017 | Option exercise | +1,875 | – | – | 1,875 |
| Richard Dana Ono Director | Dec 29, 2017 | Sale(10b5-1 plan) | −875 | $3.47 | $3.04K | 4,875 |
| Richard Dana Ono Director | Dec 29, 2017 | Option exercise | +1,750 | – | – | 5,750 |
| Gregory Brooks Bass Chief Commercial Officer | Dec 29, 2017 | Option exercise | +9,375 | – | – | 9,375 |
| Gregory Brooks Bass Chief Commercial Officer | Dec 29, 2017 | Sale(10b5-1 plan) | −3,750 | $3.47 | $13.01K | 5,625 |
| Mahesh V. Patel CEO, President, Director | Dec 29, 2017 | Sale(10b5-1 plan) | −6,000 | $3.48 | $20.88K | 722,112 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.