Richard E. Buller - 25 Oct 2023 Form 4 Insider Report for Celcuity Inc. (CELC)

Role
Director
Signature
/s/ Eric O. Madson as Attorney-in-Fact for Richard E. Buller pursuant to Power of Attorney previously filed.
Issuer symbol
CELC
Transactions as of
25 Oct 2023
Transactions value $
-$3,581
Form type
4
Filing time
27 Oct 2023, 16:30:35 UTC
Previous filing
01 Sep 2023
Next filing
22 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CELC Common Stock Sale -$3,580 -350 -3.83% $10.23 8,781 25 Oct 2023 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
holding CELC Stock Option (right to buy) 4,555 25 Oct 2023 Common Stock 4,555 $5.5 Direct F3
holding CELC Stock Option (right to buy) 12,654 25 Oct 2023 Common Stock 12,654 $5.1 Direct F3
holding CELC Stock Option (right to buy) 2,310 25 Oct 2023 Common Stock 2,310 $5.5 Direct F3
holding CELC Stock Option (right to buy) 19,558 25 Oct 2023 Common Stock 19,558 $5.5 Direct F3
holding CELC Stock Option (right to buy) 8,733 25 Oct 2023 Common Stock 8,733 $9.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 18, 2023.
F2 Includes 1,958 shares of restricted stock for which risks of forfeiture lapse on April 30, 2024, or if earlier, the date of the Company's 2024 Annual Meeting of Stockholders.
F3 100% vested.
F4 This Option will vest and become exercisable on April 30, 2024, or if earlier, the date of the Company's 2024 Annual Meeting of Stockholders.