Hepion director Michael J. Purcell granted 510K options

The director’s options vest monthly over 12 months and carry a $0.14-per-share exercise price.

Rhea-AI Filing Summary

Hepion Pharmaceuticals, Inc. (HEPA) director Michael J. Purcell received a grant of 510,000 stock options on October 23, 2026. The options have an exercise price of $0.14 per share and expire October 23, 2036. They vest in equal monthly installments of 42,500 options over 12 months from the grant date. Purcell’s reported stock-option holdings following the award were 809,000.

Insider Trade Summary

Grant/Award: 510,000 shares

Grant/Award 1 txn

Insider Purcell Michael J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Options F1	510,000	$0.00	$0.00

Holdings After Transaction: Stock Options — 809,000 contracts (Direct)

Footnotes (1)

1. F1. 42,500 options vest in equal amounts monthly over 12 months from date of grant.

Key Figures

Options granted: 510,000 options Exercise price: $0.14 per share Options following award: 809,000 options +3 more

6 metrics

Options granted 510,000 options Grant to director Michael J. Purcell on October 23, 2026

Exercise price $0.14 per share Stock options

Options following award 809,000 options Reported directly held position following the award

Monthly vesting 42,500 options Equal monthly installments over 12 months from the grant date

Vesting period 12 months From the grant date

Expiration date October 23, 2036 Stock options

Key Terms

stock options, vest, exercise price

3 terms

stock options financial

"grant of 510,000 stock options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

vest financial

"vest in equal amounts monthly over 12 months"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

exercise price financial

"exercise price of $0.14 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HEPA stock options did director Michael J. Purcell receive?

Michael J. Purcell received a grant of 510,000 stock options on October 23, 2026. He is identified as a director.

What are the vesting terms for Michael J. Purcell’s HEPA options?

The options vest in equal monthly installments of 42,500 options over 12 months from the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/27/2026 - 04:31 PM EDT Accepted by SEC EDGAR 10/27/2026 - 04:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Purcell Michael J.

(Last) (First) (Middle)

C/O HEPION PHARMACEUTICALS, INC.

22 WEST ST., SUITE 1B

(Street)

RED BANK NEW JERSEY 07701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hepion Pharmaceuticals, Inc. [ HEPA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$0.14	10/23/2026		A		510,000		(1)	10/23/2036	Common Stock	510,000	$0	809,000	D

Explanation of Responses:

1. 42,500 options vest in equal amounts monthly over 12 months from date of grant.

	/s/ Michael Purcell	10/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)