Mark L. Portnoy - 23 Dec 2022 Form 4 Insider Report for CRYO CELL INTERNATIONAL INC (CCEL)

Role: Co-CEO, Director, 10%+ Owner
Signature: /s/ Mark Portnoy
Issuer symbol: CCEL
Transactions as of: 23 Dec 2022
Net transactions value: +$107,500
Form type: 4
Filing time: 06 Jan 2023, 16:00:40 UTC
Previous filing: 29 Aug 2022
Next filing: 05 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CCEL	Common Stock						42,266	23 Dec 2022	By 401K
holding	CCEL	Common Stock						71,529	23 Dec 2022	By Partnership	F1
holding	CCEL	Common Stock						821,973	23 Dec 2022	Direct

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	CCEL	Stock Option	Award	$107,500	+25,000		$4.30	25,000	23 Dec 2022	Common Stock	25,000	$4.30	Direct	F6
holding	CCEL	Stock Option						20,000	23 Dec 2022	Common Stock	20,000	$7.92	Direct
holding	CCEL	Stock Option						22,222	23 Dec 2022	Common Stock	22,222	$7.53	Direct
holding	CCEL	Stock Option						20,000	23 Dec 2022	Common Stock	20,000	$7.28	Direct
holding	CCEL	Stock Option						20,000	23 Dec 2022	Common Stock	20,000	$13.50	Direct	F2, F3
holding	CCEL	Stock Option						100,000	23 Dec 2022	Common Stock	100,000	$12.27	Direct	F2, F4
holding	CCEL	Stock Option						25,000	23 Dec 2022	Common Stock	25,000	$4.77	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Shares of Common Stock held by Capital Asset Fund #1 Limited Partnership, as to which Mark L. Portnoy may be deemed the beneficial owner as its general partner.
F2	The stock options are subject to the approval of the 2022 Equity Incentive Plan, which vote is expected to occur at the Company's 2022 Annual Meeting.
F3	One-third of the stock options will vest on December 22, 2022, one-third will vest on December 22, 2023 and one-third on December 22, 2024.
F4	Stock options vest immediately if the price of the Company's stock reaches $25.00 per share during the seven-year option term.
F5	11,250 options vest upon issuance, 11,250 options vest on 1/2/2024 and 2,500 options vest on 1/2/2025.
F6	Pursuant to the executive's Employment Agreement effective December 1, 2022, stock options will be awarded and will vest immediately if the price of the Company's stock reaches $8.00 per share during the five-year option term.