Steven Gilman - May 3, 2023 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Director
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Steven Gilman
Stock symbol
VCEL
Transactions as of
May 3, 2023
Transactions value $
$0
Form type
4
Date filed
5/5/2023, 04:04 PM
Previous filing
Apr 28, 2023
Next filing
Jun 8, 2023

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) Award $0 +8K $0.00 8K May 3, 2023 Common Stock 8K $32.12 Direct F1
transaction VCEL Restricted Stock Unit Award $0 +3.2K $0.00 3.2K May 3, 2023 Common Stock 3.2K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests over a 1-year period, in equal monthly increments, contingent upon continued service to the Company.
F2 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F3 These RSUs vest 100% on the earlier of May 3, 2024 or the date of the first Annual Meeting of Stockholders following May 3, 2023.
F4 No expiration date for this type of award.