RICHARD NIGON - 17 May 2022 Form 4 Insider Report for Celcuity Inc. (CELC)

Role
Director
Signature
/s/ Eric O. Madson as Attorney-in-Fact for Richard J. Nigon 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, 20:43:25 UTC
Previous filing
02 Sep 2021
Next filing
26 May 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 90,278 17 May 2022 Direct
holding CELC Common Stock 20,300 17 May 2022 By Grandchildren's Trust

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 -8,200 -100% 0 17 May 2022 Common Stock 8,200 $16.23 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +8,200 8,200 17 May 2022 Common Stock 8,200 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -3,201 -100% 0 17 May 2022 Common Stock 3,201 $19.45 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +3,201 3,201 17 May 2022 Common Stock 3,201 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -5,054 -100% 0 17 May 2022 Common Stock 5,054 $22.45 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +5,054 5,054 17 May 2022 Common Stock 5,054 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Disposed to Issuer -4,619 -100% 0 17 May 2022 Common Stock 4,619 $26.99 Direct F1, F2
transaction CELC Stock Option (right to buy) Award +4,619 4,619 17 May 2022 Common Stock 4,619 $5.50 Direct F1, F2
transaction CELC Stock Option (right to buy) Award $0 +24,449 $0.000000 24,449 17 May 2022 Common Stock 24,449 $5.50 Direct F3
holding CELC Stock Option (right to buy) 25,308 17 May 2022 Common Stock 25,308 $5.10 Direct F1
holding CELC Warrants (right to buy) 5,061 17 May 2022 Common Stock 5,061 $9.50 Direct F1
holding CELC Warrants (right to buy) 4,672 17 May 2022 Common Stock 4,672 $7.56 Direct F1
holding CELC Warrants (right to buy) 3,245 17 May 2022 Common Stock 3,245 $7.56 Direct F1
holding CELC Warrants (right to buy) 8,461 17 May 2022 Common Stock 8,461 $8.42 Direct F1
holding CELC Warrants (right to buy) 1,429 17 May 2022 Common Stock 1,429 $8.42 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Currently exercisable.
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 This Option will vest and become exercisable on April 30, 2023, or if earlier, the date of the Company's 2023 Annual Meeting of Stockholders.