STARR INTERNATIONAL CO INC - 01 Mar 2022 Form 4 Insider Report for Celularity Inc (CELU)

Role
10%+ Owner
Signature
Starr International Company, Inc.; By: /s/ Stuart Osborne, President and Treasurer
Issuer symbol
CELU
Transactions as of
01 Mar 2022
Net transactions value
+$23,242,429
Form type
4
Filing time
15 Mar 2022, 17:40:22 UTC
Previous filing
03 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CELU Class A Common Stock Exercise of in-the-money or at-the-money derivative security $23,242,429 +6,640,694 +77% $3.50 15,281,389 01 Mar 2022 See footnote F1

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 CELU Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -6,640,694 -100% $0.000000* 0 01 Mar 2022 Class A Common Stock 6,640,694 $3.50 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer's securities are directly owned by Starr International Investments Ltd., a wholly-owned subsidiary of Starr International Company, Inc. By virtue of this relationship, Starr International Company, Inc. may be deemed to directly own such shares disclosed in this form.
F2 The first to occur of: (a) March 16, 2025 or (b) the consummation of a Change of Control (as defined in the applicable warrant agreement) following March 1, 2022.

Remarks:

Exhibit List: Exhibit 99.1 Joint Filer Information and Signature