NNUP NOCOPI TECHNOLOGIES INC/MD/ Insider Trading

President Kevin Camerer Westenburg purchases 33,333 shares of NNUP at $1.50; prior 5 NNUP buys all negative at 90d, 0% win rate.

Kevin Camerer Westenburg, President of Nocopi Technologies, purchased 33,333 shares at $1.50 on 2025-12-29, increasing his holdings by 19.9% to 200,533 shares. However, his timing record at this ticker is consistently poor: all 5 prior purchases at NNUP over the past several months (2025-08-19 through 2025-08-28) produced negative 90-day returns, with 0% meeting the win-rate threshold. His cross-ticker track record shows similarly weak outcomes, with an average 90-day return of -2.6% and 0% win rate across 5 prior buys. The company itself is unprofitable with negative net income of $-26,800.00 in the latest quarter, minimal quarterly revenue of $385,800.00, and the stock is trading -34.5% from its 52-week high and -7.9% down over 30 days. The combination of repeated purchases at this ticker despite consistent underperformance, company unprofitability, and steep recent price declines raises questions about whether this buy reflects conviction or necessity.

NNUP President buys 10,500 shares ($17.0K) across 3 transactions at $1.60–$1.65 on Aug 26–28.

Kevin Camerer, President of NOCOPI Technologies, executed 3 separate purchases totaling 10,500 shares for $17,045.00 between August 26–28, 2025, at prices ranging from $1.60 to $1.65, raising his holdings from 136,700 to 147,200 shares (+7.7%). The blended average price of $1.62 sits near the current market price of $1.65, and the stock has recovered +4.4% over the past 30 days. However, the company remains unprofitable (latest quarter net income: $-58,600.00) with only $360,000.00 in quarterly revenue and minimal annual growth (+1.6%), and the stock trades -28.0% below its 52-week high. Camerer's cross-ticker track record shows only 2 prior open-market buys, and his two most recent purchases at NNUP on August 19–20 remain too recent to measure outcomes. The sequence of purchases across three consecutive business days and modest position size ($17.0K against a $17.8M market cap) reflect incremental accumulation rather than a concentrated directional bet.

President Westenburg purchases 7,500 shares in two transactions at $1.60 (totaling $12,000.00) on 2025-08-19 and 2025-08-20

Kevin Camerer, President of Nocopi Technologies, executed two separate open-market purchases totaling 7,500 shares for $12,000.00 on consecutive trading days at a blended average price of $1.60. His post-transaction holdings increased by +5.8% to 136,700 shares, representing a modest accumulation. The current price of $1.61 sits -29.7% from the 52-week high ($2.29) and is only marginally above his purchase price, suggesting the stock remains under recent pressure. The company is unprofitable (net income of $-58.6K in the latest quarter) with minimal quarterly revenue of $360.0K and only +1.6% annual growth, indicating a distressed micro-cap environment. The purchase occurs without material recent momentum (90-day change of +0.0%), so the transaction reflects direct capital deployment into a challenged enterprise rather than technical opportunism.

10% Owner Steinberg buys 195,851 shares at $1.10; cluster pattern with 2 other insiders buying within 14 days at micro-cap unprofitable firm

Joseph S. Steinberg, a 10% owner, purchased 195,851 shares at $1.10 on 2025-06-06, increasing his holdings by 15.7% to 1,445,851 shares. This buy coincides with a cluster pattern: 2 other insiders also bought within the past 14 days. The signal is noteworthy because it comes at a price 44.1% below the 52-week high, yet the company generated only $479,000 in latest-quarter revenue and was unprofitable over its most recent full fiscal year. Steinberg's cross-ticker track record shows 5 prior sells with a 100.00% well-timed rate (average -10.2% 90-day return post-sale), indicating historical precision in exit timing, though this insider has no measurable same-ticker history against which to assess this buy. The coincident multi-insider purchasing activity in a financially stressed micro-cap warrants attention to whether this reflects a coordinated confidence signal or reflects external pressures on the filing insiders.

10% owner Frost Phillips buys 195.9K shares of NNUP at $1.10; cluster buy pattern with 2 other insiders in past 14 days

Phillip Frost, a 10% owner, purchased 195,852 shares at $1.10 on 2025-06-06, increasing holdings by 15.4% to 1.47M shares. Two additional insiders bought within the past 14 days, establishing a coordinated buy cluster pattern. Notably, the company reported quarterly revenue of $479,000.00 and annual revenue growth of only +1.6%, with full-year net income negative despite the latest quarter's $25,500.00 positive earnings. The stock trades at $1.62, down 44.1% from its 52-week high of $2.90, providing context for the entry price of $1.10. Frost's cross-ticker track record shows a 73.33% win rate with average 90-day returns of +12.1%, though this represents performance across all holdings, not historical performance at this specific ticker.

CEO Winger buys 101.4K shares of NNUP at $1.10; holdings up 75.4%. Cluster buy pattern + prior timing mixed, fundamentals weak ($479.0K revenue, unprofitable full year).

CEO Matthew C. Winger purchased 101,416 shares at $1.10 on 2025-06-06, increasing his holdings by 75.4% from 134,500 to 235,916 shares. This purchase coincides with a cluster buy pattern—2 other insiders also bought within 14 days—which could indicate coordinated confidence. However, the stock's fundamentals are concerning: the company reported $479,000 in quarterly revenue with $25,500 net income, while the most recent full fiscal year was unprofitable. At his same ticker (NNUP), Winger's prior timing record is mixed: 3 of his 4 previous buys generated positive 90-day returns, but his May 2024 purchase at this ticker declined 26.7% over 90 days. The current price of $1.62 sits 44.1% below the 52-week high, and the transaction price of $1.10 already marks a recent low point. The cluster pattern warrants attention, but the company's scale and profitability challenges suggest elevated execution risk.

CEO Michael Liebowitz buys 2,500 shares of NNUP at $2.94; stock now $2.70 (-32.0% from 52-week high)

CEO Michael Liebowitz purchased 2,500 shares at $2.94 on 2024-06-28, adding modestly to his 3.09M share position. The stock has declined 5.9% over the prior 30 days and trades 32.0% below its 52-week high of $3.97. The company faces significant headwinds: annual revenue contracted 55.0%, latest quarterly revenue was only $398.3K, and net income was negative at $-1.0M for the most recent full fiscal year. At NNUP specifically, Liebowitz's prior three purchases in August 2023 showed mixed 90-day outcomes—only 1 of 3 were well-timed by the 90-day metric—suggesting prior picks at this ticker did not consistently outperform. This transaction occurs within the context of ongoing operational challenges and a deteriorating stock trajectory, yet the relatively small share addition (0.1% of pre-transaction holdings) represents only incremental participation in the position.