Brian F. Sullivan - 17 May 2022 Form 4 Insider Report for Celcuity Inc. (CELC)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Eric O. Madson as Attorney-in-Fact for Brian F. Sullivan pursuant to Power of Attorney previously filed.
Issuer symbol
CELC
Transactions as of
17 May 2022
Net transactions value
$0
Form type
4
Filing time
19 May 2022, 20:36:50 UTC
Previous filing
17 May 2022
Next filing
13 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CELC Common Stock 2,755,774 17 May 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 CELC Stock Option (right to buy) Disposed to Issuer -8,220 -100% 0 17 May 2022 Common Stock 8,220 $9.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +8,220 8,220 17 May 2022 Common Stock 8,220 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -3,769 -100% 0 17 May 2022 Common Stock 3,769 $26.00 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +3,769 3,769 17 May 2022 Common Stock 3,769 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -14,675 -100% 0 17 May 2022 Common Stock 14,675 $25.77 Direct F2, F3
transaction CELC Stock Option (right to buy) Award +14,675 14,675 17 May 2022 Common Stock 14,675 $5.50 Direct F2, F3
transaction CELC Stock Option (right to buy) Disposed to Issuer -50,000 -100% 0 17 May 2022 Common Stock 50,000 $19.72 Direct F2, F4
transaction CELC Stock Option (right to buy) Award +50,000 50,000 17 May 2022 Common Stock 50,000 $5.50 Direct F2, F4
transaction CELC Stock Option (right to buy) Disposed to Issuer -4,985 -100% 0 17 May 2022 Common Stock 4,985 $19.72 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +4,985 4,985 17 May 2022 Common Stock 4,985 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -11,081 -100% 0 17 May 2022 Common Stock 11,081 $10.35 Direct F2, F6
transaction CELC Stock Option (right to buy) Award +11,081 11,081 17 May 2022 Common Stock 11,081 $5.50 Direct F2, F6
transaction CELC Stock Option (right to buy) Disposed to Issuer -12,859 -100% 0 17 May 2022 Common Stock 12,859 $14.84 Direct F2, F7
transaction CELC Stock Option (right to buy) Award +12,859 12,859 17 May 2022 Common Stock 12,859 $5.50 Direct F2, F7
transaction CELC Stock Option (right to buy) Disposed to Issuer -11,889 -100% 0 17 May 2022 Common Stock 11,889 $15.92 Direct F2, F8
transaction CELC Stock Option (right to buy) Award +11,889 11,889 17 May 2022 Common Stock 11,889 $5.50 Direct F2, F8
transaction CELC Stock Option (right to buy) Disposed to Issuer -13,509 -100% 0 17 May 2022 Common Stock 13,509 $27.94 Direct F2, F9
transaction CELC Stock Option (right to buy) Award +13,509 13,509 17 May 2022 Common Stock 13,509 $5.50 Direct F2, F9
transaction CELC Stock Option (right to buy) Disposed to Issuer -17,000 -100% 0 17 May 2022 Common Stock 17,000 $20.04 Direct F2
transaction CELC Stock Option (right to buy) Award +17,000 17,000 17 May 2022 Common Stock 17,000 $5.50 Direct F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -20,000 -100% 0 17 May 2022 Common Stock 20,000 $20.04 Direct F2, F10
transaction CELC Stock Option (right to buy) Award +20,000 20,000 17 May 2022 Common Stock 20,000 $5.50 Direct F2, F10
transaction CELC Stock Option (right to buy) Disposed to Issuer -6,569 -100% 0 17 May 2022 Common Stock 6,569 $17.19 Direct F2, F11
transaction CELC Stock Option (right to buy) Award +6,569 6,569 17 May 2022 Common Stock 6,569 $17.19 Direct F2, F11
transaction CELC Stock Option (Right to Buy) Award $0 +250,000 $0.000000 250,000 17 May 2022 Common Stock 250,000 $5.50 Direct F12
holding CELC Stock Option (right to buy) 21,500 17 May 2022 Common Stock 21,500 $8.40 Direct F1
holding CELC Stock Option (right to buy) 20,000 17 May 2022 Common Stock 20,000 $5.90 Direct F5
holding CELC Stock Option (right to buy) 17,281 17 May 2022 Common Stock 17,281 $5.90 Direct
holding CELC Warrants (right to buy) 10,434 17 May 2022 Series A Preferred Stock 10,434 $80.50 Direct F13
holding CELC Common Stock (right to buy) 260,869 17 May 2022 Common Stock 260,869 $5.75 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully vested.
F2 The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on May 17, 2022 and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the Option Repricing, the exercise price of the Stock Option has been amended to reduce such exercise price to $5.50 per share, the closing price of the issuer's common stock on The Nasdaq Capital Market as of the date of such repricing. There have been no other changes to the terms of the Stock Option.
F3 3,668 shares vest on 10/17/19; the remaining 11,007 shares vest 1/36th per month thereafter.
F4 12,500 shares vest on 8/12/20; the remaining 37,500 shares vest 1/36th per month thereafter.
F5 5,000 shares vest on 8/12/21; the remaining 15,000 shares vest 1/36th per month thereafter.
F6 2,770 shares vest on 12/29/21; the remaining 8,311 shares vest 1/36th per month thereafter.
F7 3,214 shares vest on 2/2/22; the remaining 9,645 shares vest 1/36th per month thereafter.
F8 2,972 shares vest on 3/18/22; the remaining 8,917 shares vest 1/36th per month thereafter.
F9 3,377 shares vest on 4/12/22; the remaining 10,132 shares vest 1/36th per month thereafter.
F10 5,000 shares vest on 8/11/22; the remaining 15,000 shares vest 1/36th per month thereafter.
F11 1,642 shares vest on 10/27/22; the remaining 4,927 shares vest 1/36th per month thereafter.
F12 These shares vest in equal amounts over fourteen (14) months, beginning June 1, 2022.
F13 Represents the right to acquire the security pursuant to a securities purchase agreement entered into with the Company on May 15, 2022.