David Portnoy - Dec 22, 2023 Form 4 Insider Report for CRYO CELL INTERNATIONAL INC (CCEL)

Role
Chairman, Co-CEO, Director, 10%+ Owner
Signature
/s/ David Portnoy
Stock symbol
CCEL
Transactions as of
Dec 22, 2023
Transactions value $
$323,500
Form type
4
Date filed
12/28/2023, 05:00 PM
Previous filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CCEL Common Stock 805K Dec 22, 2023 Direct
holding CCEL Common Stock 117K Dec 22, 2023 By 401K
holding CCEL Common Stock 231K Dec 22, 2023 By IRA
holding CCEL Common Stock 103K Dec 22, 2023 By Spouse
holding CCEL Common Stock 153K Dec 22, 2023 By Corporation F1
holding CCEL Common Stock 15.6K Dec 22, 2023 as Custodian for Daughter
holding CCEL Common Stock 59K Dec 22, 2023 By LLC
holding CCEL Common Stock 55.2K Dec 22, 2023 By Corporation F2
holding CCEL Common Stock 11.4K Dec 22, 2023 As Custodian for Son
holding CCEL Common Stock 11.2K Dec 22, 2023 As Custodian for Son
holding CCEL Common Stock 10.8K Dec 22, 2023 As Custodian for Son

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 $324K +50K $6.47 50K Dec 22, 2023 Common Stock 50K $6.47 Direct F7
holding CCEL Stock Option 26.2K Dec 22, 2023 Common Stock 26.2K $7.53 Direct
holding CCEL Stock Option 23.6K Dec 22, 2023 Common Stock 23.6K $7.28 Direct
holding CCEL Stock Option 553 Dec 22, 2023 Common Stock 553 $12.27 Direct F3
holding CCEL Stock Option 280K Dec 22, 2023 Common Stock 280K $12.27 Direct F4
holding CCEL Stock Option 24.4K Dec 22, 2023 Common Stock 24.4K $13.50 Direct F3
holding CCEL Stock Option 50K Dec 22, 2023 Common Stock 50K $4.77 Direct F5
holding CCEL Stock Option 50K Dec 22, 2023 Common Stock 50K $4.30 Direct F6
* 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 Mayim Investment Limited Partnership as is David I. Portnoy my be deemed the beneficial owner as the managing member and owner of Mayim Management, LLC, which is the general partner of Mayim Management Limited Partnership, which is the general partner of Mayim Investment Limited Partnership.
F2 Shares of Common Stock held by uTIPu, Inc., as to which David I. Portnoy may be deemed the beneficial owner as the Chairman of the Board and Secretary.
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 common stock reaches $25.00 per share during the seven-year option term.
F5 8,750 options vest upon issuance, 8,749 options vest on 1/2/2024, 21,000 options vest on 1/2/2025 and 11,501 options vest on 1/2/2026.
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.
F7 Stock options vest 1/3 upon issuance, 1/3 on December 22, 2024 and 1/3 on December 22, 2025.