Michele Gruber Maintains 365K Share Stake in Lipella Pharma

TL;DR

**Michele Gruber still owns 365,000 shares of Lipella Pharma, showing a solid individual stake.**

AI Summary

Michele Gruber, an individual, filed an amended SC 13G/A on February 7, 2024, disclosing her beneficial ownership of 365,000 shares of Lipella Pharmaceuticals Inc. (NASDAQ: LIPO) common stock as of December 31, 2023. This represents a significant stake, giving her sole voting and dispositive power over these shares. This matters to investors because it shows a key individual's continued substantial ownership in the company, potentially signaling confidence or influence over corporate decisions.

Why It Matters

This filing indicates a significant individual shareholder's continued commitment to Lipella Pharmaceuticals, which can be a positive signal for other investors regarding the company's stability and future prospects.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous disclosure and shows a stable ownership position, indicating low immediate risk.

Analyst Insight

Investors should note Michele Gruber's continued substantial ownership as a potential indicator of insider confidence, but further research into the company's financials and strategic direction is warranted before making investment decisions.

Key Numbers

• 365,000 — Shares Beneficially Owned (Represents Michele Gruber's sole voting and dispositive power over Lipella Pharmaceuticals Inc. common stock as of December 31, 2023.)
• $0.0001 — Par Value per Share (The stated par value of Lipella Pharmaceuticals Inc. common stock.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership information in the filing is reported.)

Key Players & Entities

• Michele Gruber (person) — Reporting Person, beneficial owner of shares
• Lipella Pharmaceuticals Inc. (company) — Issuer of the securities
• 365,000 (dollar_amount) — Number of shares beneficially owned by Michele Gruber

Forward-Looking Statements

• Michele Gruber will maintain a significant ownership stake in Lipella Pharmaceuticals Inc. for the foreseeable future. (Michele Gruber) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• g084014_sc13ga.htm (SC 13G/A) — 30KB
• 0001753926-24-000245.txt ( ) — 32KB

Names of Persons Filing

Item 2. Names of Persons Filing: (a) Name of Person Filing: Michele Gruber (the “Reporting Person”) (b) Address of Principal Business Office or, if none, Residence: 7800 Susquehanna Street, Suite 505 Pittsburgh, Pennsylvania 15208 (c) Citizenship: United States of America (d) Title of Class of Securities: Common stock, par value $0.0001 per share, of the Issuer (e) CUSIP Number: 53630L100 CUSIP No. 53630L100 13G Page 4 of 6 Pages

If This Statement is Filed Pursuant to §§240.13d-1(b)

Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable.

Ownership

Item 4. Ownership. (a) Amount beneficially owned: 365,000 (b) Percent of class: 5.5% (c) Number of shares as to which the Reporting Person has: a. Sole power to vote or to direct the vote: 365,000 b. Shared power to vote or to direct the vote : 0 c. Sole power to dispose or direct the disposition of: 365,000 d. Shared power to dispose or direct the disposition: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. Not applicable.

Ownership of More than Five Percent on Behalf of

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. CUSIP No. 53630L100 13G Page 5 of 6 Pages

Identification and Classification of the Subsidiary

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. CUSIP No. 53630L100 13G Page 6 of 6 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 7, 2024 /s/ Michele Gruber Name: Michele Gruber

View Full Filing

View this SC 13G/A filing on SEC EDGAR