Michael Halpin - 17 May 2024 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Chief Operating Officer
Signature
/s/ Sean Flynn, as Attorney-in-Fact for Michael Halpin
Issuer symbol
VCEL
Transactions as of
17 May 2024
Net transactions value
+$28,017
Form type
4
Filing time
21 May 2024, 16:05:26 UTC
Previous filing
13 Mar 2024
Next filing
13 Feb 2025
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 $5,467 +2,063 +189% $2.65* 3,152 17 May 2024 Direct F1, F2
transaction VCEL Common Stock Options Exercise $22,550 +3,132 +99% $7.20 6,284 17 May 2024 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 +2,063 $0.000000* 0 17 May 2024 Common Stock 2,063 $2.65 Direct F3
transaction VCEL Stock Option (Right to Buy) Options Exercise $0 +3,132 $0.000000* 0 17 May 2024 Common Stock 3,132 $7.20 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has elected to exercise and hold these shares at this time.
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 These options, representing the right to purchase 135,000 shares, became exercisable on April 10, 2018, the first anniversary of the date of grant, with 25% vesting and the remaining 75% vesting in equal quarterly installments over three years thereafter, contingent upon continued service to the Company.
F4 These options, representing the right to purchase 40,330 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 7, 2018, which was one quarter after the date on which the option was granted.