Sean C. Flynn - 22 Feb 2024 Form 4 Insider Report for Vericel Corp (VCEL)

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	+30,000		$0.000000	30,000	22 Feb 2024	Common Stock	30,000	$48.31	Direct	F1
transaction	VCEL	Restricted Stock Unit	Award	$0	+12,000		$0.000000	12,000	22 Feb 2024	Common Stock	12,000		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	These options shall begin vesting on February 22, 2024 and shall continue to vest and become exercisable in equal quarterly installments over the course of the following four (4) year period.
F2	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.
F3	These RSUs vest in four annual installments with the initial vesting of RSUs granted to the Reporting Person on February 22, 2025. The remaining RSUs will vest in annual installments on February 22, 2026, February 22, 2027, and February 22, 2028, respectively.
F4	No expiration date for this type of award.