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Nocopi Technologies, Inc. (NNUP)

USD1.65 +0.00 (+0.00%)
US OTC Basic Materials Chemicals - Specialty
Address 480 Shoemaker Road 19406
King of Prussia, PA, US
CEO Matthew C. Winger
Website nocopi.com
IPO 1994-04-04
CIK 888981 ISIN US6552131061

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Description

Nocopi Technologies, Inc. specializes in the creation and commercialization of unique reactive inks, primarily for the educational and entertainment product sectors. They also provide advanced technological solutions for document and product verification. Their specialized inks are found in various paper-based items, including coloring books, activity kits, board games, greeting cards, play sheets, single-use placemats, and promotional products. Beyond inks, Nocopi offers sophisticated anti-counterfeiting and anti-diversion technologies. These solutions are vital for confirming the authenticity of high-value documents such as merchandise receipts, checks, traveler's checks, gift certificates, and event tickets. The company also extends these services to product labeling and packaging. Additionally, Nocopi licenses its patented reactive ink technologies to businesses operating within the entertainment, toy, and authentication industries. With a broad international footprint, Nocopi conducts operations across North America, South America, Asia, and Australia. Established in 1983, the company's headquarters are located in King of Prussia, Pennsylvania.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD1.65 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
2.2K
Beta
0.05
Float Shares
3.65M
Free Float %
32.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.43% -0.71% -6.67% -7.28% -9.68% -6.67% -9.68% -64.10% -19.08% +821.05% -94.40%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.65
DCF (Unlevered) 0.13 -92.3%
DCF (Levered) 1.75 +6.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
23.84
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    -29.5% Q1'26: -18.6% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +94.4% Q1'26: -333.3% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    -4.9% Q1'26: -10.4% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    -8.8% Q1'26: -41.4% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    -5.9% Q1'26: -29.6% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +2.6% Q1'26: +2.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    -3.48× Q1'26: -0.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.01) × ERP
WACC = 99% × Ke + 1% × Kd (14.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.13 Current price: 1.65
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B- 3/5 5/5 1/5 1/5 3/5 1/5 4/5
2026-05-06 B- 3/5 5/5 1/5 1/5 3/5 1/5 4/5
2026-05-05 B- 3/5 5/5 1/5 1/5 3/5 1/5 4/5
2026-05-04 B- 3/5 5/5 1/5 1/5 3/5 1/5 4/5
2026-04-28 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
664.9K
OE per share TTM
0.06
Owner's Yield
4.37%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
7.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
13
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 CAPITAL MANAGEMENT LLC 6.82M 10.10% 6.82M 6.82M 11.00 IA 2021-11-10
2 CREEK PARTNERS LLC 6.07M 9.00% 6.07M 6.07M 11.00 PN 2021-11-10
3 Smoak Capital Management, LLC 3.52M 5.22% 3.52M 3.52M IA 2021-07-09
4 Michael S. Liebowitz 3.41M 5.00% 3.41M 3.41M IN 2022-01-26
5 S. Liebowitz 3.08M 33.33% 3.08M 3.08M IN States of America 2022-09-15
6 Daniel B. Smoak 1.92M 2.85% 1.92M 1.92M IN 2021-07-09
7 Smoak Capital LP 1.60M 2.37% 1.60M 1.60M PN 2021-07-09
8 Joseph S. Steinberg 1.25M 13.50% 1.25M 1.25M IN United States of America 2022-09-23
9 Frost, M.D. 1.25M 11.90% 1.25M 11.00 IN 2023-09-15
10 Gamma Investments Trust 1.25M 11.90% 1.25M 11.00 OO 2023-09-15
11 ERIKSEN 639.9K 0.90% 639.9K 639.9K 11.00 IN 2021-11-10
12 Matthew C. Winger 522.4K 0.80% 522.4K 522.4K IN 2022-01-26
13 C. Winger 62.0K 0.67% 62.0K 62.0K IN States of America 2022-09-15

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
5
Sells
0
Shares acquired
18.0K
Shares disposed
Cash buys
5.00
Cash sales
Net activity
+18,000
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-12-29 Winger Matthew C. Director / Officer A-Award A Common Stock 10,000 0.00 245,916 D
2025-12-29 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 33,333 1.50 50.0K 200,533 D
2025-12-29 Glickman Debra Elyse Officer A-Award A Common Stock 10,000 0.00 17,640 D
2025-12-24 Glickman Debra Elyse Officer M-Exempt A Common Stock 5,000 0.00 10,000 D
2025-12-15 Sites Eric Director 0 0.00 0
2025-09-11 FROST PHILLIP MD ET AL 10% Owner A-Award A Common Stock 21,930 0.00 1,489,712 I
2025-08-28 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 4,000 1.65 6.6K 147,200 D
2025-08-27 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 1,500 1.63 2.4K 143,200 D
2025-08-26 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 5,000 1.60 8.0K 141,700 D
2025-08-20 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 2,500 1.60 4.0K 136,700 D
2025-08-19 Westenburg Kevin Camerer Director / Officer P-Purchase A Common Stock 5,000 1.60 8.0K 134,200 D
2025-06-10 Westenburg Kevin Camerer Director / Officer Common Stock 0 0.00 129,200 D
2025-06-06 Winger Matthew C. Director / Officer P-Purchase A Common Stock 101,416 1.10 111.6K 235,916 D
2025-06-06 STEINBERG JOSEPH S 10% Owner P-Purchase A Common Stock 195,851 1.10 215.4K 1,445,851 D
2025-06-06 FROST PHILLIP MD ET AL 10% Owner P-Purchase A Common Stock 195,852 1.10 215.4K 1,467,782 I
2024-12-24 Glickman Debra Elyse Officer A-Award A Restricted Stock Units 10,000 0.00 10,000 D
2024-12-23 Liebowitz Michael Director / Officer D-Return D Restriced Stock Units 1,443,548 0.00 0 D
2024-12-23 Glickman Debra Elyse Officer A-Award A Restricted Stock Units 10,000 0.00 10,000 D
2024-12-22 Winger Matthew C. Officer A-Award A Common Stock 6,000 0.00 134,500 D
2024-12-22 Goldman Jacqueline Joy Director A-Award A Common Stock 60,000 0.00 63,000 D
2024-11-16 Liebowitz Michael Director / Officer F-InKind D Common Stock 61,416 1.90 116.7K 144,805 D
2024-09-11 FROST PHILLIP MD ET AL 10% Owner A-Award A Common Stock 21,930 0.00 1,271,930 I
2024-08-16 Liebowitz Michael Director / Officer / 10% Owner A-Award A Restricted Stock Units 1,649,769 0.00 1,649,769
2024-06-28 Liebowitz Michael Director / Officer / 10% Owner P-Purchase A Common Stock 2,500 2.94 7.4K 3,087,650
2024-05-23 Winger Matthew C. Officer P-Purchase A Common Stock 7,500 2.92 21.9K 74,500
2023-09-11 FROST PHILLIP MD ET AL 10% Owner I Common Stock 0 0.00 1,250,000
2023-08-28 Winger Matthew C. Director / Officer P-Purchase A Common Stock 1,000 3.22 3.2K 67,000
2023-08-25 Winger Matthew C. Director / Officer P-Purchase A Common Stock 1,000 3.24 3.2K 66,000
2023-08-24 Winger Matthew C. Director / Officer P-Purchase A Common Stock 3,000 3.25 9.8K 65,000
2023-08-23 Goldman Jacqueline Joy Director P-Purchase A Common Stock 1,500 3.10 4.7K 3,000
2023-08-22 Goldman Jacqueline Joy Director P-Purchase A Common Stock 1,500 3.08 4.6K 1,500
2023-08-21 Liebowitz Michael Director / Officer / 10% Owner P-Purchase A Common Stock 1,000 3.08 3.1K 3,085,150
2023-08-18 Liebowitz Michael Director / Officer / 10% Owner P-Purchase A Common Stock 900 3.40 3.1K 3,084,150
2023-06-15 Glickman Debra Elyse Officer 0 0.00 0
2023-01-11 Goldman Jacqueline Joy Director 0 0.00 0
2022-09-13 STEINBERG JOSEPH S 10% Owner D Common Stock 0 0.00 1,250,000
2022-09-13 Liebowitz Michael 10% Owner P-Purchase A Common Stock 1,250,000 1.40 1.75M 3,083,150
2022-06-09 Liebowitz Michael 10% Owner P-Purchase A Common Stock 43,175 0.17 7.3K 18,331,495
2022-06-08 Liebowitz Michael Director P-Purchase A Common Stock 300 0.16 48.00 18,288,320
2022-06-02 Liebowitz Michael 10% Owner P-Purchase A Common Stock 65,333 0.16 10.5K 18,252,566
2022-06-01 Liebowitz Michael Director P-Purchase A Common Stock 35,454 0.17 6.0K 18,288,020
2022-05-25 Liebowitz Michael 10% Owner P-Purchase A Common Stock 445,485 0.16 72.2K 18,142,033
2022-05-23 Winger Matthew C. Director P-Purchase A Common Stock 25,000 0.15 3.8K 620,000
2022-05-23 Liebowitz Michael Director P-Purchase A Common Stock 184,700 0.16 29.4K 17,696,548
2022-05-23 Eriksen Howard Timothy Director S-Sale D Common Stock 7,370,026 0.17 1.22M 1,000
2022-05-13 Winger Matthew C. Director P-Purchase A Common Stock 25,000 0.16 4.0K 595,000
2022-05-12 Liebowitz Michael 10% Owner P-Purchase A Common Stock 72,500 0.16 11.6K 8,865,356
2022-05-11 Liebowitz Michael 10% Owner P-Purchase A Common Stock 97,274 0.16 15.6K 8,792,856
2022-05-09 Eriksen Howard Timothy 10% Owner P-Purchase A Common Stock 68,000 0.15 10.2K 707,886
2022-04-28 Eriksen Howard Timothy Director P-Purchase A Common Stock 225,000 0.16 35.6K 7,341,126
2022-04-20 Eriksen Howard Timothy Director P-Purchase A Common Stock 40,000 0.16 6.4K 7,116,126
2022-03-18 Liebowitz Michael 10% Owner P-Purchase A Common Stock 15,988 0.19 3.0K 8,695,582
2022-03-17 Winger Matthew C. Director P-Purchase A Common Stock 5,000 0.19 950.00 570,000
2022-03-17 Liebowitz Michael 10% Owner P-Purchase A Common Stock 3,000 0.19 570.00 8,679,594
2022-03-16 Liebowitz Michael Director P-Purchase A Common Stock 45,346 0.19 8.6K 8,676,594
2022-03-11 Winger Matthew C. Director P-Purchase A Common Stock 17,624 0.19 3.3K 565,000
2022-03-11 Liebowitz Michael Director P-Purchase A Common Stock 197,376 0.19 37.5K 8,631,248
2022-03-09 Liebowitz Michael 10% Owner P-Purchase A Common Stock 32,200 0.19 6.1K 8,433,872
2022-03-04 Winger Matthew C. D Common Stock 0 0.00 547,376
2022-03-04 Liebowitz Michael 10% Owner I Common Stock 0 0.00 8,401,672
2021-12-06 Eriksen Howard Timothy 10% Owner P-Purchase A Common Stock 380,000 0.14 52.4K 7,059,253
2021-12-03 Eriksen Howard Timothy 10% Owner P-Purchase A Common Stock 21,000 0.15 3.2K 6,679,253
2021-12-02 Eriksen Howard Timothy 10% Owner P-Purchase A Common Stock 150,000 0.16 24.0K 6,658,253
2021-11-24 Eriksen Howard Timothy 10% Owner P-Purchase A Common Stock 326,300 0.17 55.5K 6,508,253
2021-10-21 Raymond Joseph Kevin Director D Common Stock 0 0.00 8,500
2021-08-18 Eriksen Howard Timothy 10% Owner I Common Stock 0 0.00 6,181,953
2021-08-13 FEINSTEIN MICHAEL Director / Officer S-Sale D Common stock, $.01 par value 50,000 0.22 10.8K 1,317,741
2021-07-23 White Philip Director S-Sale D Common stock, $.01 par value 30,300 0.20 6.0K 244,245
2021-06-24 FEINSTEIN MICHAEL Director / Officer S-Sale D Common stock, $.01 par value 100,000 0.20 19.5K 568,868
2021-06-08 FEINSTEIN MICHAEL Director / Officer S-Sale D Common stock, $.01 par value 100,000 0.19 19.0K 668,868
2021-04-08 FEINSTEIN MICHAEL Director / Officer S-Sale D Common stock, $.01 par value 300,000 0.15 45.0K 768,868
2021-03-03 FEINSTEIN MICHAEL Director / Officer S-Sale D Common stock, $.01 par value 30,000 0.15 4.6K 1,068,868
2017-12-31 Stovold Terry Officer 0 0.00 0
2017-12-31 Rash Marc Director I Common stock 0 0.00 208,333
2017-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 6,000
2017-12-31 FEINSTEIN MICHAEL Director / Officer D Common stock, $.01 par value 0 0.00 1,367,741
2017-11-15 White Philip Director P-Purchase A Common stock, $.01 par value 12,500 0.04 498.75 17,500
2017-10-30 White Philip Director P-Purchase A Common stock, $.01 par value 12,500 0.04 487.50 294,245
2017-10-25 Stovold Terry Officer P-Purchase A Common Stock 12,000 0.04 478.80 12,000
2017-10-24 Stovold Terry Officer D Nocopi Technologies, Inc. 0 0.00 0
2015-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 6,000
2015-10-07 White Philip Director P-Purchase A Common stock, $.01 par value 5,000 0.03 150.00 5,000
2015-09-28 White Philip Director P-Purchase A Common stock, $.01 par value 50,000 0.02 900.00 281,745
2015-03-21 GERWITZ HERMAN MARK Director J-Other D Common stock warrants 3,000 0.07 210.90 0
2014-07-08 GERWITZ HERMAN MARK Director P-Purchase A Common stock warrants 26,665 0.02 533.30 26,665
2014-04-21 LEVITT RICHARD Director W-Will A Common stock, par value $.01 49,000 0.00 299,000
2014-02-19 Lutterschmidt Rudolph A Officer J-Other D Stock Option (Right to Buy) 50,000 0.12 6.0K 0
2013-12-31 LEVITT RICHARD Director D Common stock, par value $.01 0 0.00 250,000
2013-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 6,000
2013-12-31 FEINSTEIN MICHAEL Director / Officer D Common stock, $.01 par value 0 0.00 2,275,881
2013-04-29 White Philip Director J-Other D Stock Option (Right to Buy) 100,000 0.45 45.0K 0
2013-04-29 LEVITT RICHARD Director J-Other D Stock Option (Right to Buy) 100,000 0.45 45.0K 0
2013-04-29 GERWITZ HERMAN MARK Director J-Other D Stock Option (Right to Buy) 100,000 0.45 45.0K 0
2013-04-29 FEINSTEIN MICHAEL Director / Officer D-Return D Stock Option (Right to Buy) 100,000 0.45 45.0K 0
2012-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 72,500
2012-12-31 FEINSTEIN MICHAEL Director / Officer D Common stock, $.01 par value 0 0.00 2,275,881
2011-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 6,000
2011-11-15 Curtis William Patrick Jr Director J-Other A Common stock warrants 15,000 0.06 900.00 15,000
2011-04-29 LEVITT RICHARD Director J-Other D Stock Option (Right to Buy) 100,000 0.22 21.5K 0
2011-04-29 GERWITZ HERMAN MARK Director J-Other D Stock Option (Right to Buy) 100,000 0.22 21.5K 0
2011-04-29 FEINSTEIN MICHAEL Director / Officer J-Other D Stock Option (Right to Buy) 100,000 0.22 21.5K 0
2010-09-25 GERWITZ HERMAN MARK Director J-Other D Stock Option (Right to Buy) 100,000 0.11 11.0K 0
2010-08-11 GERWITZ HERMAN MARK Director P-Purchase A Common stock, $.01 par value 62,500 0.03 2.0K 72,500
2010-05-06 GERWITZ HERMAN MARK Director J-Other A Common stock warrants 7,500 0.07 527.25 7,500
2010-04-29 LEVITT RICHARD Director J-Other D Stock Option (Right to Buy) 100,000 0.10 10.0K 0
2010-04-29 FEINSTEIN MICHAEL Director / Officer J-Other D Stock Option (Right to Buy) 100,000 0.10 10.0K 0
2010-04-14 White Philip Director P-Purchase A Common stock, $.01 par value 148,912 0.04 6.5K 221,745
2010-01-25 carey william ward Director D Common stock, $.01 par value 0 0.00 760,000
2009-12-31 Lutterschmidt Rudolph A Officer D Common stock, $.01 par value 0 0.00 600
2009-12-31 GERWITZ HERMAN MARK Director I Common stock, $.01 par value 0 0.00 50,000
2009-12-31 FEINSTEIN MICHAEL Director / Officer I Common stock, $.01 par value 0 0.00 656,000
2009-11-25 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 15,000 0.05 750.00 2,275,881
2009-11-19 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 8,000 0.06 440.00 2,260,881
2009-11-18 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 11,600 0.06 638.00 2,252,881
2009-11-11 HART STANLEY G J-Other D Stock Options (Right to Buy) 100,000 0.10 10.0K 0
2009-10-02 Curtis William Patrick Jr Director P-Purchase A Common stock, $.01 par value 260,417 0.10 25.0K 457,428
2009-04-29 White Philip Director J-Other D Stock Option (Right to Buy) 300,000 0.17 51.0K 0
2009-04-29 Lutterschmidt Rudolph A Officer J-Other D Stock Option (Right to Buy) 100,000 0.17 17.0K 0
2009-04-29 LEVITT RICHARD Director J-Other D Stock Option (Right to Buy) 100,000 0.17 17.0K 0
2009-04-29 HART STANLEY G Director J-Other D Stock Options (Right to Buy) 100,000 0.17 17.0K 0
2009-04-29 FEINSTEIN MICHAEL Director / Officer J-Other D Stock Option (Right to Buy) 100,000 0.17 17.0K 0
2009-04-21 GERWITZ HERMAN MARK Director P-Purchase A Common stock, $.01 par value 10,000 0.05 500.00 10,000
2009-04-17 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.04 400.00 2,241,281
2009-04-16 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 25,000 0.04 1.0K 2,231,281
2009-04-09 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 25,000 0.06 1.5K 2,206,281
2009-03-12 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.07 700.00 2,181,281
2009-02-23 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.09 900.00 2,171,281
2009-02-20 Lutterschmidt Rudolph A Officer A-Award A Stock option (Right to Buy) 50,000 0.12 6.0K 50,000
2009-02-06 White Philip Director P-Purchase A Common stock, $.01 par value 5,000 0.13 650.00 72,833
2009-01-26 GERWITZ HERMAN MARK Director P-Purchase A Common stock, $.01 par value 6,000 0.08 480.00 6,000
2009-01-22 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.07 700.00 2,161,281
2009-01-15 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.08 800.00 2,151,281
2008-12-31 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.07 700.00 2,141,281
2008-12-08 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 5,000 0.10 500.00 2,131,281
2008-12-05 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.10 1.0K 2,126,281
2008-12-03 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.11 1.1K 2,116,281
2008-11-07 Curtis William Patrick Jr Director D Common stock, $.01 par value 0 0.00 197,011
2008-07-25 White Philip Director P-Purchase A Common stock, $.01 par value 10,000 0.39 3.9K 67,833
2008-06-20 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 10,000 0.29 2.9K 2,106,281
2008-04-30 White Philip Director A-Award A Stock Options (Right to Buy) 100,000 0.45 45.0K 400,000
2008-04-30 LEVITT RICHARD Director A-Award A Stock Option (Right to Buy) 100,000 0.45 45.0K 450,000
2008-04-30 HART STANLEY G Director A-Award A Stock Options (Right to Buy) 100,000 0.45 45.0K 450,000
2008-04-30 GERWITZ HERMAN MARK Director A-Award A Stock Option (right to Buy) 100,000 0.45 45.0K 300,000
2008-04-30 FEINSTEIN MICHAEL Director / Officer A-Award A Stock Option (Right to Buy) 100,000 0.45 45.0K 450,000
2008-01-28 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common stock, $.01 par value 5,000 0.47 2.4K 2,836,281
2007-12-31 FEINSTEIN MICHAEL Director / Officer 0 0.00 0
2007-05-25 White Philip Director P-Purchase A Nocopi Technologies Common Stock 20,833 10,000.00 208.33M 57,833
2007-04-16 White Philip Director D Nocopi Technologies Common Stock 0 0.00 37,000
2006-04-30 LEVITT RICHARD Director A-Award A Stock Options (Right to Buy) 100,000 0.22 21.5K 350,000
2006-04-30 HART STANLEY G Director A-Award A Stock Options (Right to Buy) 100,000 0.22 21.5K 350,000
2006-04-30 GERWITZ HERMAN MARK Director A-Award A Stock Option (Right to Buy) 100,000 0.22 21.5K 200,000
2006-04-30 FEINSTEIN MICHAEL Director / Officer A-Award A Stock Options (Right to Buy) 100,000 0.22 21.5K 350,000
2005-09-26 GERWITZ HERMAN MARK Director A-Award A Stock Option (Right to Buy) 100,000 0.11 11.0K 200,000
2005-04-30 White Philip Director D Nocopi Technologies, Inc. Stock Options 300,000 0.17 51.0K 0
2005-04-30 LEVITT RICHARD Director A-Award A Stock Options (Right to Buy) 100,000 0.10 10.0K 350,000
2005-04-30 HART STANLEY G Director A-Award A Stock Options (Right to Buy) 100,000 0.10 10.0K 250,000
2005-04-30 FEINSTEIN MICHAEL Director / Officer A-Award A Stock Options (Right to Buy) 100,000 0.10 10.0K 350,000
2004-08-27 SOLOMON MICHAEL BARRY P-Purchase D Common Stock 33,750 11,875.00 400.78M 758,333
2004-05-17 SOLOMON MICHAEL BARRY Director P-Purchase D Common Stock 41,250 0.16 6.7K 792,083
2004-04-30 Lutterschmidt Rudolph A Officer A-Award A Stock Options (Right to Buy) 100,000 0.17 17.0K 100,000
2004-04-30 LEVITT RICHARD Director A-Award A Stock Options (Right to Buy) 100,000 0.17 17.0K 350,000
2004-04-30 HART STANLEY G Director A-Award A Stock Options (Right to Buy) 150,000 0.17 25.5K 150,000
2004-04-30 Georgino Damian C Director A-Award A Stock Options (Right to Buy) 100,000 0.17 17.0K 100,000
2004-04-30 FEINSTEIN MICHAEL Director / Officer A-Award A Stock Options (Right to Buy) 100,000 0.17 17.0K 350,000
2003-12-18 SOLOMON MICHAEL BARRY Director P-Purchase D Common Stock 18,000 0.13 2.3K 222,000
2003-12-16 SOLOMON MICHAEL BARRY Director P-Purchase D Common Stock 160,000 0.11 16.8K 240,000
2003-12-15 SOLOMON MICHAEL BARRY Director P-Purchase D Common Stock 100,000 0.11 11.3K 400,000
2003-09-04 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 18,000 0.08 1.5K 1,823,667
2003-09-03 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 5,000 0.08 400.00 1,805,667
2003-08-25 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 15,000 0.12 1.7K 1,800,667
2003-08-22 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 16,000 0.08 1.3K 1,785,667
2003-08-21 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 15,000 0.09 1.3K 1,769,667
2003-08-05 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.06 1.1K 1,754,667
2003-07-31 HART STANLEY G Director J-Other D Common Stock 0 0.00 0
2003-07-19 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 50,000 0.05 2.4K 1,734,667
2003-07-14 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.05 1.0K 1,684,667
2003-07-07 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 30,000 0.05 1.5K 1,664,667
2003-07-03 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.05 960.00 1,634,667
2003-06-26 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.05 1.0K 1,614,667
2003-06-25 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 18,000 0.05 900.00 1,594,667
2003-06-19 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 12,000 0.05 624.00 1,576,667
2003-06-18 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 50,000 0.05 2.4K 1,564,667
2002-05-22 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 7,500 0.12 907.50 1,557,167
2001-12-18 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 416,667 0.06 25.0K 1,140,500
2001-09-05 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.08 1.5K 1,120,500
2001-08-22 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 10,000 0.11 1.1K 1,110,500
2001-07-23 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 10,000 0.14 1.4K 1,100,500
2001-07-19 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 10,000 0.13 1.3K 1,090,500
2001-07-18 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 10,000 0.13 1.3K 1,080,500
2001-07-16 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 20,000 0.14 2.7K 1,060,500
2001-06-05 FEINSTEIN MICHAEL Director / Officer P-Purchase A Common Stock 10,000 0.10 980.00 1,050,500

Executive team

Top executives
EBIT / Employee
-18.7K
Shares Outstanding
11.10M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Mich ael S. Liebowitz Former CEO and Chmn. of the Board 150.0K 447.5K 597.5K 74.90%
2 2024 Terry W. Stovold Chief Operating Officer 75.0K 5.0K 184.6K 264.6K 0.00%
3 2024 Matthew C. Winger Current CEO and Chmn. of the Board. 120.0K 100.2K 220.2K 45.50%
4 2023 Mich ael S. Liebowitz Former CEO and Chmn. of the Board 147.7K 3.58M 3.73M 96.04%
5 2023 Michael S. Liebowitz Current CEO and Chmn. of the Board 147.7K 3.58M 3.73M 96.04%
6 2023 Terry W. Stovold Chief Operating Officer 75.0K 3.0K 176.2K 254.2K 0.00%
7 2023 Matthew C. Winger Current CEO and Chmn. of the Board. 125.0K 125.0K 0.00%
8 2023 Matthew C. Winger Executive Vice President of Corporate Development 125.0K 125.0K 0.00%
9 2023 Michael A. Feinstein, M.D. Former CEO, Pres., Chmn. of the Board 117.7K 117.7K 0.00%
10 2022 Terry W. Stovold Chief Operating Officer 75.0K 3.0K 148.9K 226.9K 0.00%
11 2022 Michael A. Feinstein, M.D. CEO, Pres., Chmn. of the Board 120.0K 3.0K 123.0K 0.00%
12 2022 Michael A. Feinstein, M.D. Former CEO, Pres., Chmn. of the Board 120.0K 3.0K 123.0K 0.00%
13 2022 Matthew C. Winger Executive Vice President of Corporate Development 31.3K 3.0K 34.3K 0.00%
14 2021 Terry W. Stovold Chief Operating Officer 75.0K 3.0K 140.8K 218.8K 0.00%
15 2021 Michael A. Feinstein, M.D. CEO, Pres., Chmn. of the Board 120.0K 3.0K 123.0K 0.00%
16 2020 Terry W. Stovold Chief Operating Officer 75.0K 3.0K 183.2K 261.2K 0.00%
17 2020 Michael A. Feinstein, M.D. CEO, Pres., Chmn. of the Board 120.0K 3.0K 123.0K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-30 DEFA14A
2026-04-30 DEF 14A
2025-04-25 DEFA14A
2025-04-25 DEF 14A
2024-04-30 DEFA14A
2024-04-30 DEF 14A
2023-06-02 DEFA14A
2023-06-02 DEF 14A
2022-05-26 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-04-30 DEFA14A
2026-04-30 DEF 14A
2026-04-30 ARS
2026-03-31 10-K
2026-01-06 3
2026-01-05 8-K
2026-01-05 4
2026-01-05 4
2026-01-05 4
2025-12-30 4

Executive team

NameTitleCompensationGender
Terry W. Stovold Chief Operating Officer 216.2K male
Debra E. Glickman Chief Financial Officer 138.2K female
Matthew C. Winger Chief Executive Officer & Chairman 117.7K male
Kevin Westenburg President & Director male
ESG Rating
B
CHEMICALS - SPECIALTY
Rank: 43 out of 64
2022
E (Environmental)
58.6 / 54.5
Company / Sector avg.
S (Social)
67.2 / 62.6
Company / Sector avg.
G (Governance)
58.6 / 65.4
Company / Sector avg.
ESG Total
61.5 / 60.8
Company / Sector avg.
ESG Score History CHEMICALS - SPECIALTY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits