Key facts
- This page summarizes Carl Desantis's Form 4 filing for Celsius Holdings, Inc. (CELH).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 14 Jul 2023, 16:05.
Carl Desantis - 12 Jul 2023 Form 4 Insider Report for Celsius Holdings, Inc. (CELH)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CELH
- Reported as of
- 12 Jul 2023
- Net transaction value
- -$10,705,000
- SEC form
- 4
- Accepted by SEC
- 14 Jul 2023, 16:05:17 UTC
- Prior SEC filing
- 08 Jun 2023
- Next SEC filing
- 26 Mar 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Carl DeSantis
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Carl Desantis filed Form 4 for Celsius Holdings, Inc. (CELH) on 14 Jul 2023.
Change
- Previous filing in this sequence was filed on 08 Jun 2023.
- Current net transaction value: -$10,705,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CELH
transaction
Derivative
Calls
Sale
- Transaction value
- $10,705,000
- Shares
- -500,000
- Change %
- -100%
- Price
- $21.41*
- Shares after
- 0
- Date
- 12 Jul 2023
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 500,000
- Exercise price
- $210.00
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Calls represent the right of the option holder to buy, and the obligation of the option seller to sell, the shares subject to the options at the strike price.
Footnote F2
Carl DeSantis owns a beneficial interest of 100% in CD Financial, LLC ("CD").
Footnote F3
On July 12 2023, CD entered into a call option transaction with an unaffiliated third-party purchaser. Pursuant to the terms of the option transaction, CD sold 500,000 call options referencing 500,000 shares of Celsius Holdings, Inc. ("Celsius") (with expiration and exercise occurring in ten approximately equal components from January 21, 2025 to February 3, 2025). In exchange, CD will receive a cash payment of option premium of $21.41 per option on July 14, 2023.
Footnote F4
CD pledged 500,000 shares of Celsius common stock (the "Pledged Shares") to secure its obligations under the contract and retained dividend and voting rights in the Pledged Shares during the term of the pledge.
Footnote F5
The contract provides that the number of shares of Celsius common stock that CD would be obligated to sell to the purchaser in respect of each maturity date would be determined as follows: (a) if the volume-weighted average price of Celsius common stock on the designated valuation date for the applicable component (each, a "Valuation Price") is less than or equal to the strike price of the options, the options will expire worthless and no shares will be sold; (b) if such Valuation Price is greater than the strike price, the relevant options will be automatically exercised, CD will either (x) deliver to the buyer the number of shares subject to the applicable component in exchange for payment of a purchase price per share equal to the strike price or (y) pay in cash an amount per share equal to the excess of such Valuation Price over the strike price.