Form 4: Carmell Corp Director Richard A. Upton Reports Beneficial Ownership Changes

Director Richard A. Upton reports changes in beneficial ownership of Carmell Corp stock and stock options.

Summary

• Richard A. Upton, a director of Carmell Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates that Upton holds 15,000 shares of common stock directly.
• He may be deemed the beneficial owner of 1,358,019 shares held by Harbor Light Capital Partners, where he serves as the General Partner.
• Upton also holds options to purchase 76,878 shares of common stock at $0.358, exercisable starting 10/11/2025 and expiring 10/11/2034.
• Additionally, he holds options to purchase 76,878 shares of common stock at $2.1123, granted on 09/23/2022 and expiring on 09/23/2031.
• The stock options vest over time, with 25% vesting on the one-year anniversary of the grant date and the remaining 75% vesting in 36 equal monthly installments thereafter, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director, which is normal activity.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates

Keywords

Form 4, beneficial ownership, Richard A. Upton, Carmell Corp, CTCX, stock options, director, Harbor Light Capital Partners, securities