Brian F. Sullivan - Dec 27, 2023 Form 4 Insider Report for Celcuity Inc. (CELC)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Eric O. Madson as Attorney-in-Fact for Brian F. Sullivan pursuant to Power of Attorney previously filed.
Stock symbol
CELC
Transactions as of
Dec 27, 2023
Transactions value $
$0
Form type
4
Date filed
12/28/2023, 04:17 PM
Previous filing
Aug 29, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CELC Common Stock Gift $0 -1.73M -57.46% $0.00 1.28M Dec 27, 2023 Direct F1, F2
transaction CELC Common Stock Gift $0 +870K $0.00 870K Dec 27, 2023 By Spouse F1
transaction CELC Common Stock Gift $0 +863K $0.00 863K Dec 27, 2023 By Family Trust #1 F2

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
holding CELC Stock Option (right to buy) 21.5K Dec 27, 2023 Common Stock 21.5K $8.40 Direct F3
holding CELC Stock Option (right to buy) 8.22K Dec 27, 2023 Common Stock 8.22K $5.50 Direct F3
holding CELC Stock Option (right to buy) 3.77K Dec 27, 2023 Common Stock 3.77K $5.50 Direct F3
holding CELC Stock Option (right to buy) 14.7K Dec 27, 2023 Common Stock 14.7K $5.50 Direct F3
holding CELC Stock Option (right to buy) 50K Dec 27, 2023 Common Stock 50K $5.50 Direct F3
holding CELC Stock Option (right to buy) 4.99K Dec 27, 2023 Common Stock 4.99K $5.50 Direct F3
holding CELC Stock Option (right to buy) 20K Dec 27, 2023 Common Stock 20K $5.90 Direct F4
holding CELC Stock Option (right to buy) 17.3K Dec 27, 2023 Common Stock 17.3K $5.90 Direct F3
holding CELC Stock Option (right to buy) 11.1K Dec 27, 2023 Common Stock 11.1K $5.50 Direct F5
holding CELC Stock Option (right to buy) 12.9K Dec 27, 2023 Common Stock 12.9K $5.50 Direct F6
holding CELC Stock Option (right to buy) 11.9K Dec 27, 2023 Common Stock 11.9K $5.50 Direct F7
holding CELC Stock Option (right to buy) 13.5K Dec 27, 2023 Common Stock 13.5K $5.50 Direct F8
holding CELC Stock Option (right to buy) 17K Dec 27, 2023 Common Stock 17K $5.50 Direct F3
holding CELC Stock Option (right to buy) 20K Dec 27, 2023 Common Stock 20K $5.50 Direct F9
holding CELC Stock Option (right to buy) 6.57K Dec 27, 2023 Common Stock 6.57K $5.50 Direct F10
holding CELC Stock Option (right to buy) 250K Dec 27, 2023 Common Stock 250K $5.50 Direct F3
holding CELC Warrants (right to buy) 104K Dec 27, 2023 Common Stock 104K $8.05 Direct F11
holding CELC Stock Option (right to buy) 69.8K Dec 27, 2023 Common Stock 69.8K $11.55 Direct F12
holding CELC Stock Option (right to buy) 180K Dec 27, 2023 Common Stock 180K $9.89 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 870,000 shares have been gifted to the Reporting Person's spouse for estate planning purposes. The Reporting Person remains the beneficial owner of the securities.
F2 863,347 shares have been gifted to an irrevocable family trust for estate planning purposes. The Reporting Person holds all voting and dispositive power with respect to the securities held by the trust and remains the beneficial owner of such securities.
F3 Fully vested.
F4 5,000 shares vest on 8/12/21; the remaining 15,000 shares vest 1/36th per month thereafter.
F5 2,770 shares vest on 12/29/21; the remaining 8,311 shares vest 1/36th per month thereafter.
F6 3,214 shares vest on 2/2/22; the remaining 9,645 shares vest 1/36th per month thereafter.
F7 2,972 shares vest on 3/18/22; the remaining 8,917 shares vest 1/36th per month thereafter.
F8 3,377 shares vest on 4/12/22; the remaining 10,132 shares vest 1/36th per month thereafter.
F9 5,000 shares vest on 8/11/22; the remaining 15,000 shares vest 1/36th per month thereafter.
F10 1,642 shares vest on 10/27/22; the remaining 4,927 shares vest 1/36th per month thereafter.
F11 Fully exercisable.
F12 These shares vest in equal amounts over twelve (12) months, beginning February 16, 2023.
F13 45,000 shares vest on 8/25/24; the remaining 135,000 shares vest 1/36th per month thereafter.