CEO and CMO each purchase $100k of Lipella common stock at $0.6901/share

LIPELLA PHARMACEUTICALS INC.

CEO Jonathan Kaufman bought 144,906 shares for $100,000 at $0.6901/share on March 12, 2024.
CMO Michael Chancellor bought 144,906 shares for $100,000 at same price and date.
Total insider investment of $200,000; shares subject to six-month restricted period.
Proceeds provide working capital; shares issued directly from company treasury.

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