Dominick Colangelo - 10 Jan 2023 Form 4 Insider Report for Vericel Corp (VCEL)

Role
President and CEO, Director
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Dominick C. Colangelo
Issuer symbol
VCEL
Transactions as of
10 Jan 2023
Net transactions value
-$53,197
Form type
4
Filing time
12 Jan 2023, 15:11:21 UTC
Previous filing
01 Jul 2022
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise $1,030,400 +39,938 +25% $25.80 197,004 10 Jan 2023 Direct F1
transaction VCEL Common Stock Sale $1,083,598 -39,938 -20% $27.13 157,066 10 Jan 2023 Direct F1, 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
transaction VCEL Stock Option (Right to Buy) Options Exercise $0 -39,938 -100% $0.000000* 0 10 Jan 2023 Common Stock 39,938 $25.80 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F2 The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2022.
F3 These options, representing the right to purchase 55,001 shares, became exercisable on March 6, 2014, the first anniversary of the date of grant, with 25% vesting and the remaining 75% vesting in equal monthly installments over three years thereafter, contingent upon continued service to the Company.