Dominick Colangelo - Dec 13, 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
Stock symbol
VCEL
Transactions as of
Dec 13, 2023
Transactions value $
-$768,120
Form type
4
Date filed
12/15/2023, 04:05 PM
Previous filing
Dec 8, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Gift $0 -6.76K -3.82% $0.00 170K Dec 13, 2023 Direct F1, F2
transaction VCEL Common Stock Options Exercise $42.8K +12K +7.06% $3.57 182K Dec 13, 2023 Direct F2
transaction VCEL Common Stock Sale -$408K -12K -6.59% $34.03 170K Dec 13, 2023 Direct F2, F3
transaction VCEL Common Stock Options Exercise $42.8K +12K +7.06% $3.57 182K Dec 14, 2023 Direct F2
transaction VCEL Common Stock Sale -$445K -12K -6.59% $37.12 170K Dec 14, 2023 Direct F2, F3

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 +12K $0.00 12K Dec 13, 2023 Common Stock 12K $3.57 Direct F4, F5
transaction VCEL Stock Option (Right to Buy) Options Exercise $0 +12K $0.00* 0 Dec 14, 2023 Common Stock 12K $3.57 Direct F4, F5
* 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 Reflects the gift of common stock to a charitable donor advised fund.
F2 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).
F3 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 1, 2023.
F4 These options, representing the right to purchase 55,000 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on April 3, 2014, which was one quarter after the date on which the option was granted.
F5 These options, which were awarded on January 3, 2014, would otherwise expire and become forfeitable on January 3, 2024.