Sean Flynn - Jul 21, 2021 Form 4 Insider Report for Vericel Corp (VCEL)

Role: VP, General Counsel
Signature: /s/ Sean Flynn
Stock symbol: VCEL
Transactions as of: Jul 21, 2021
Transactions value $: -$108,528
Form type: 4
Date filed: 7/23/2021, 04:04 PM
Previous filing: Jul 16, 2021
Next filing: Aug 31, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VCEL	Common Stock	Options Exercise	$45.5K	+2.8K	+115.75%	$16.25	5.22K	Jul 21, 2021	Direct	F1
transaction	VCEL	Common Stock	Sale	-$154K	-2.8K	-53.65%	$55.01	2.42K	Jul 21, 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	-2.8K	-2%	$0.00	137K	Jul 21, 2021	Common Stock	2.8K	$16.25	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 13, 2021.
F3	These options, representing the right to purchase 150,000 shares, became exercisable on November 4, 2020, 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.