Sean Flynn - Jun 20, 2024 Form 4 Insider Report for Vericel Corp (VCEL)

Role
Chief Legal Officer
Signature
/s/ Sean Flynn
Stock symbol
VCEL
Transactions as of
Jun 20, 2024
Transactions value $
-$432,894
Form type
4
Date filed
6/24/2024, 06:21 PM
Previous filing
Mar 11, 2024
Next filing
Jul 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCEL Common Stock Options Exercise $110K +6.75K +1386.86% $16.25 7.24K Jun 20, 2024 Direct F1
transaction VCEL Common Stock Sale -$304K -6.75K -93.27% $45.04 487 Jun 20, 2024 Direct F1, F2
transaction VCEL Common Stock Options Exercise $110K +6.77K +1390.55% $16.25 7.26K Jun 21, 2024 Direct F1
transaction VCEL Common Stock Sale -$305K -6.77K -93.29% $45.02 487 Jun 21, 2024 Direct F1, F2
transaction VCEL Common Stock Options Exercise $24K +1.47K +302.67% $16.25 1.96K Jun 24, 2024 Direct F1
transaction VCEL Common Stock Sale -$67.6K -1.47K -75.17% $45.84 487 Jun 24, 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 +6.75K +5.8% $0.00 123K Jun 20, 2024 Common Stock 6.75K $16.25 Direct F3
transaction VCEL Stock Option (Right to Buy) Options Exercise $0 +6.77K +6.17% $0.00 116K Jun 21, 2024 Common Stock 6.77K $16.25 Direct F3
transaction VCEL Stock Option (Right to Buy) Options Exercise $0 +1.47K +1.3% $0.00 115K Jun 24, 2024 Common Stock 1.47K $16.25 Direct F3
* 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 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).
F2 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 March 13, 2024.
F3 These options, representing the right to purchase 150,000 shares, became exercisable on November 4, 2020, 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.