Form 4: Celcuity CEO Brian F. Sullivan Reports Changes in Beneficial Ownership

Brian F. Sullivan, CEO of Celcuity Inc., reports changes in his beneficial ownership of company stock and derivative securities following transactions on March 18, 2024.

Summary

• This Form 4 filing details changes in the beneficial ownership of Celcuity Inc. securities by Brian F. Sullivan, the company's CEO.
• The report includes transactions involving common stock and derivative securities, specifically stock options and warrants.
• On March 18, 2024, Sullivan gifted 765,897 shares of common stock, resulting in a decrease in his directly held shares but an increase in shares held indirectly through family trusts.
• The filing also lists various stock options held by Sullivan, with exercise prices ranging from $5.5 to $14.78 and expiration dates extending to 2034.
• These options vest over time, with portions vesting immediately and the remainder vesting monthly.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and holdings, without expressing any positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions and holdings of company stock. It's a standard practice for publicly traded companies.

Stakeholder Impact

• Shareholders are informed about the CEO's transactions and holdings, providing insight into management's alignment with shareholder interests.

Key Dates