Lance G. Laing - 17 May 2022 Form 4 Insider Report for Celcuity Inc. (CELC)

Role
Chief Science Officer, Director, 10%+ Owner
Signature
/s/ Eric O. Madson as Attorney-in-Fact for Lance G. Laing 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, 20:37:53 UTC
Previous filing
29 Oct 2021
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CELC Common Stock 1,250,000 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 -4,110 -100% 0 17 May 2022 Common Stock 4,110 $9.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +4,110 4,110 17 May 2022 Common Stock 4,110 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -1,834 -100% 0 17 May 2022 Common Stock 1,834 $25.77 Direct F2, F3
transaction CELC Stock Option (right to buy) Award +1,834 1,834 17 May 2022 Common Stock 1,834 $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 -2,771 -100% 0 17 May 2022 Common Stock 2,771 $10.35 Direct F2, F6
transaction CELC Stock Option (right to buy) Award +2,771 2,771 17 May 2022 Common Stock 2,771 $5.50 Direct F2, F6
transaction CELC Stock Option (right to buy) Disposed to Issuer -3,215 -100% 0 17 May 2022 Common Stock 3,215 $14.84 Direct F2, F7
transaction CELC Stock Option (right to buy) Award +3,215 3,215 17 May 2022 Common Stock 3,215 $5.50 Direct F2, F7
transaction CELC Stock Option (right to buy) Disposed to Issuer -2,973 -100% 0 17 May 2022 Common Stock 2,973 $15.92 Direct F2, F8
transaction CELC Stock Option (right to buy) Award +2,973 2,973 17 May 2022 Common Stock 2,973 $5.50 Direct F2, F8
transaction CELC Stock Option (right to buy) Disposed to Issuer -6,754 -100% 0 17 May 2022 Common Stock 6,754 $27.94 Direct F2, F9
transaction CELC Stock Option (right to buy) Award +6,754 6,754 17 May 2022 Common Stock 6,754 $5.50 Direct F2, F9
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 -1,877 -100% 0 17 May 2022 Common Stock 1,877 $17.19 Direct F2, F11
transaction CELC Stock Option (right to buy) Award +1,877 1,877 17 May 2022 Common Stock 1,877 $5.50 Direct F2, F11
transaction CELC Stock Option (Right to Buy) Award $0 +38,412 $0.000000 38,412 17 May 2022 Common Stock 38,412 $5.50 Direct F12
holding CELC Stock Option (right to buy) 16,125 17 May 2022 Common Stock 16,125 $8.40 Direct F1
holding CELC Stock Option (right to buy) 20,000 17 May 2022 Common Stock 20,000 $5.90 Direct F5
* 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 458 shares vest on 10/17/19; the remaining 1,376 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 692 shares vest on 12/29/21; the remaining 2,079 shares vest 1/36th per month thereafter.
F7 803 shares vest on 2/2/22; the remaining 2,412 shares vest 1/36th per month thereafter.
F8 743 shares vest on 3/18/22; the remaining 2,230 shares vest 1/36th per month thereafter.
F9 1,689 shares vest on 4/12/22; the remaining 5,065 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 469 shares vest on 10/27/22; the remaining 1,408 shares vest 1/36th per month thereafter.
F12 These shares vest in equal amounts over fourteen (14) months, beginning June 1, 2022.