Michael Halpin - Jul 12, 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role: Chief Operating Officer
Signature: /s/ Sean Flynn, as Attorney-in-Fact for Michael Halpin
Stock symbol: VCEL
Transactions as of: Jul 12, 2021
Transactions value $: -$1,017,876
Form type: 4
Date filed: 7/14/2021, 04:13 PM
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VCEL	Common Stock	Options Exercise	$53K	+20K	+355.68%	$2.65^*	25.6K	Jul 12, 2021	Direct	F1
transaction	VCEL	Common Stock	Sale	-$1.07M	-20K	-78.05%	$53.54	5.62K	Jul 12, 2021	Direct	F1, F2

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	VCEL	Stock Option (right to buy)	Options Exercise	$0	-20K	-42.5%	$0.00	27.1K	Jul 12, 2021	Common Stock	20K	$2.65	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F2	The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2021.
F3	These options, representing the right to purchase 135,000 shares, became exercisable on April 10, 2018, the first anniversary of the date of grant, with 25% vesting and the remaining 75% vesting in equal quarterly installments over three years thereafter, contingent upon continued service to the Company.