| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VCEL | Common Stock | Sale | -$368K | -8.12K | -97.98% | $45.33 | 167 | Mar 8, 2024 | Direct | F1, F2 |
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).
| Id | Content |
|---|---|
| F1 | 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 November 15, 2023. |
| 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). |
On March 11, 2024, a Form 4 was filed reporting a sale of 8,115 shares for the reporting person. The sale was conducted pursuant to a Rule 10b5-1(c) plan, however, the Rule 10b5-1(c) Transaction Indication was inadvertently not checked. This Form 4/A is being filed to correct the error, and reflects the sale of 8,115 shares pursuant to the reporting person's Rule 10b5-1(c) plan.