Peter J. Werth Updates Cingulate Inc. Stake to 327,085 Shares

TL;DR

**Peter J. Werth now owns 327,085 shares of Cingulate Inc. as of December 28, 2023.**

AI Summary

Peter J. Werth, a significant shareholder in Cingulate Inc., has updated his holdings, now beneficially owning 327,085 shares of common stock as of December 28, 2023. This represents a change from previous filings, with Werth holding sole voting and dispositive power over 1,768 shares and shared power over 325,317 shares. This matters to investors because changes in major shareholder positions can signal confidence or concern about the company's future, potentially influencing stock price and market sentiment.

Why It Matters

This filing shows a key insider's current ownership, which can be a signal of their belief in the company's prospects, influencing other investors.

Risk Assessment

Risk Level: low — This filing is an update to an existing beneficial ownership statement and does not indicate any new significant risks or changes in company operations.

Analyst Insight

Investors should note Peter J. Werth's updated stake of 327,085 shares in Cingulate Inc. as of December 28, 2023, and monitor future filings for any significant changes in his position, which could signal insider sentiment about the company's direction.

Key Numbers

• 327,085 — Aggregate Shares Beneficially Owned (Total shares of Cingulate Inc. common stock owned by Peter J. Werth as of December 28, 2023.)
• 1,768 — Sole Voting Power Shares (Shares over which Peter J. Werth has sole voting and dispositive power.)
• 325,317 — Shared Voting Power Shares (Shares over which Peter J. Werth has shared voting and dispositive power.)
• $0.0001 — Par Value Per Share (The stated par value of Cingulate Inc. common stock.)

Key Players & Entities

• Peter J. Werth (person) — Reporting Person, significant shareholder of Cingulate Inc.
• Cingulate Inc. (company) — The Issuer of the common stock
• Shane J. Schaffer (person) — Chief Executive Officer of Cingulate Inc., authorized to receive notices
• 327,085 (dollar_amount) — Aggregate amount of shares beneficially owned by Peter J. Werth
• December 28, 2023 (date) — Date of event requiring the filing of this statement

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE (Title of Class of Securiti

Filing Documents

• formsc13da.htm (SC 13D/A) — 61KB
• 0001493152-24-001119.txt ( ) — 62KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* Cingulate Inc. (Name of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE (Title of Class of Securities) 17248W204 (CUSIP Number) Shane J. Schaffer Chief Executive Officer 1901 W. 47 th Place Kansas Telephone Number (913) 942-2300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 28, 2023 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box . * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. CUSIP No. 17248W204 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): Peter J. Werth 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions): PF 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): 6. Citizenship or Place of Organization: United States Number of 7. Sole Voting Power: 1,768* Shares Beneficially 8. Shared Voting Power: 325,317* Owned by Each Reporting 9. Sole Dispositive Power: 1,768* Person With 10. Shared Dispositive Power: 325,317* 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 327,085* 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): 13. Percent of Class Represented by Amount in Row (11): 19.99%* 14. Type of Reporting Person (See Instructions): IN *As of the date hereof, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Peter J. Werth (“ Mr. Werth ”) may be deemed to beneficially own an aggregate of 327,085 shares of common stock, par value $0.0001 per share (the “ Common Stock ”), of Cingulate Inc. (the “ Issuer ”) consisting of (i) 1,093 shares of Common Stock and stock options to purchase 675 shares of Common Stock held directly by Mr. Werth and (ii) 139,917 shares of Common Stock and warrants to purchase up to 185,400 shares of Common Stock held directly by Werth Family Investment Associates LLC (“ Werth Associates ”) where Mr. Werth serves as Manager. Excludes 975 shares of Common Stock underlying unvested stock options held directly by Mr. Werth and 156,927 shares of Common Stock underlying pre-funded warrants held by Werth Associates which are subject to a 19.99% beneficial ownership limitation blocker as described below. The pre-funded warrants contain an issuance limitation that prohibits the holder from exercising such warrants to the extent that after giving effect to such issuance after exercise, the holder (together with the holder’s affiliates and any other persons acting as a group together with the holder or any of the holder’s affiliates, including the other Reporting Person) would beneficially own in excess of 19.99% of the shares of Common Stock outstanding immediately after giving effect to the issuance of the shares of Common Stock issuable upon exercise of the pre-funded warrants. The foregoing reported beneficial ownership percentage is based upon 1,450,171 shares of Common Stock issued and outstanding as of January 2, 2024. The number of shares of Common Stock issued and outstanding reflects the 1-for-20 reverse stock split of the Issuer’s issued and outstanding shares of Common Stock, which became effective on November 30, 2023. CUSIP No. 17248W204 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): Werth Family Investment Associates LLC 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions): WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): 6. Citizenship or Place of Organization: Connecticut Number of 7. Sole Voting Power: 0 Shares Beneficially 8. Shared Voting Power: 325,317** Owned by Each Reporting 9. Sole Dispositive Power: 0 Person With 10. Shared Dispositive Power: 325,317** 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 325,317** 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): 13. Percent of Class Represented by Amount in Row (11): 19.89%** 14. Type of Reporting Person (See Instructions): OO ** As of the date hereof, for purposes of Rule

View Full Filing

View this SC 13D/A filing on SEC EDGAR