Seshu Tyagarajan - Jul 17, 2024 Form 4 Insider Report for Candel Therapeutics, Inc. (CADL)

Role: Chief Technology Officer
Signature: /s/ Charles Schoch, as Attorney-in-Fact for Seshu Tyagarajan
Stock symbol: CADL
Transactions as of: Jul 17, 2024
Transactions value $: -$96,125
Form type: 4
Date filed: 7/19/2024, 08:31 AM
Previous filing: Jul 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CADL	Common Stock	Sale	-$96.1K	-14.9K	-9.23%	$6.47	146K	Jul 17, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units pursuant to the Issuer's mandatory sell to cover policy, which requires sales in an amount sufficient to cover tax withholding obligations associated with the vesting events, and the sales do not represent discretionary sales by the Reporting Person.

Content

The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units pursuant to the Issuer's mandatory sell to cover policy, which requires sales in an amount sufficient to cover tax withholding obligations associated with the vesting events, and the sales do not represent discretionary sales by the Reporting Person.