Nocopi 10% holder granted 21,930 new shares
A ten percent owner entity linked to Phillip Frost received additional NNUP shares as advisory-service consideration, increasing its indirect holdings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
NOCOPI TECHNOLOGIES INC (NNUP) reported that Frost Gamma Investments Trust, a ten percent owner associated with Phillip Frost, acquired 21,930 shares of common stock on September 11, 2026. The shares were issued by Nocopi as consideration for advisory services under a Stock Purchase Agreement, bringing the trust’s indirect holdings to 1,511,642 shares. Phillip Frost disclaims beneficial ownership beyond any pecuniary interest.
Insider Trade Summary
Grant/Award: 21,930 shares
Grant/Award
1 txn
Insider
FROST PHILLIP MD ET AL, Frost Gamma Investments Trust
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 21,930 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,511,642 shares (Indirect, See footnote)
Holdings Before and After:
Common Stock, 1,489,712 to 1,511,642 shares (Indirect, See footnote)
Footnotes (2)
- F1. Represents shares of the Issuer's common stock acquired by the Reporting Person from the Issuer as consideration rendered pursuant advisory services provided by the Reporting Person pursuant to that certain Stock Purchase Agreement by and between the Issuer and Frost Gamma Investments Trust, dated September 11, 2023.
- F2. These securities are held by Frost Gamma Investments Trust, of which the Reporting Person is the trustee. Frost Gamma Limited Partnership is the sole and exclusive beneficiary of Frost Gamma Investments Trust. The Reporting Person is one of two limited partners of Frost Gamma Limited Partnership. The general partner of Frost Gamma Limited Partnership is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation, of which the Reporting Person is the sole shareholder. The Reporting Person disclaims beneficial ownership of the securities held by Frost Gamma Investments Trust except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares acquired: 21,930 shares
Holdings after transaction: 1,511,642 shares
Transaction price per share: $0.00 per share
+2 more
5 metrics
Shares acquired
21,930 shares
Common stock granted on September 11, 2026 as advisory consideration
Holdings after transaction
1,511,642 shares
Indirect holdings of Frost Gamma Investments Trust after the grant
Transaction price per share
$0.00 per share
Non-cash grant for advisory services
Reporting persons
2 reporting persons
Phillip Frost MD et al and Frost Gamma Investments Trust
Ownership status
Ten percent owner
Both reporting persons identified as 10% owners of NNUP
Key Terms
Stock Purchase Agreement, pecuniary interest, beneficial ownership, Section 16
4 terms
Stock Purchase Agreement financial
"pursuant to that certain Stock Purchase Agreement by and between the Issuer"
A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.
pecuniary interest financial
"except to the extent of any pecuniary interest therein"
beneficial ownership regulatory
"disclaims beneficial ownership of the securities held by Frost Gamma"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16 or"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NNUP report on this Form 4?
Nocopi Technologies reported that Frost Gamma Investments Trust acquired 21,930 shares of its common stock on September 11, 2026 as consideration for advisory services under a Stock Purchase Agreement.
Who are the reporting persons in this NNUP Form 4 filing?
The reporting persons are Phillip Frost MD et al and Frost Gamma Investments Trust, each identified as a ten percent owner of Nocopi Technologies for Section 16 reporting purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
