William Garrett Nichols - 28 Jul 2025 Form 4 Insider Report for Candel Therapeutics, Inc. (CADL)

Signature
/s/ Charles Schoch, as Attorney-In-Fact for William Garrett Nichols
Issuer symbol
CADL
Transactions as of
28 Jul 2025
Net transactions value
-$5,332
Form type
4
Filing time
30 Jul 2025, 16:30:16 UTC
Previous filing
02 Jul 2025
Next filing
28 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nichols William Garrett Chief Medical Officer C/O CANDEL THERAPEUTICS, INC., 117 KENDRICK ST., SUITE 450, NEEDHAM /s/ Charles Schoch, as Attorney-In-Fact for William Garrett Nichols 30 Jul 2025 0001618364

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CADL Common Stock Options Exercise $1,209 +937 +1.8% $1.29 53,430 28 Jul 2025 Direct F1
transaction CADL Common Stock Sale $6,540 -937 -1.8% $6.98 52,493 28 Jul 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CADL Stock Option (Right to Buy) Options Exercise $0 -937 -3.1% $0.000000 29,377 28 Jul 2025 Common Stock 937 $1.29 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on 11/22/2024.
F2 This option is subject to time-based vesting. The shares underlying this option shall vest and become exercisable in forty-eight (48) equal monthly installments following April 28, 2023, subject to the Reporting Person's continued service on each vesting date.