Form 4: Celcuity Director Exercises Options, Sells Shares

Celcuity Inc. Director Richard E. Buller exercised stock options and subsequently sold a portion of his common stock, while also gifting shares, all through a trust.

Summary

• Richard E. Buller, a Director of Celcuity Inc. (CELC), engaged in several transactions involving the company's common stock.
• On December 1, 2025, Buller exercised stock options to acquire 1,100 shares of common stock at an exercise price of $14.83 per share.
• Immediately following the option exercise on December 1, 2025, Buller sold 1,100 shares of common stock at a weighted average price of $98.1349 per share.
• The sale price ranged from $98.010 to $98.505 per share.
• On December 2, 2025, Buller disposed of 500 shares of common stock through a gift, with a transaction price of $0.
• All reported transactions, including the option exercise, sale, and gift, were conducted indirectly through a trust where Buller and his spouse are trustees and beneficiaries.
• Following these transactions, Buller's indirect beneficial ownership through the trust is 6,760 shares of common stock.
• Additionally, Buller directly beneficially owns 1,029 shares of common stock, bringing his total beneficial ownership to 7,789 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive for the insider due to significant gains from exercising options at a low price and selling at a high price. For the company, it's a routine insider transaction with neutral implications.

Positives

• The Director exercised stock options at a significantly lower price ($14.83) and sold shares at a much higher price ($98.1349), indicating a substantial personal gain from the transaction.
• The stock options were 100% vested, allowing for immediate exercise.

Negatives

• The sale of shares by a director, even if part of a pre-planned trading arrangement, could be interpreted by some investors as a lack of confidence, though often it is for diversification or liquidity.

Future Outlook

NA

Industry Context

This filing is a standard insider transaction report and does not provide information directly related to broader industry trends or competitive landscape for Celcuity Inc. It reflects personal financial planning by a director.

Related Party Transactions

• All reported transactions were conducted indirectly through a trust where the Reporting Person and his spouse are the trustees and beneficiaries.

Stakeholder Impact

• Shareholders may note the director's sale of shares, which could be interpreted in various ways, though it is a relatively small percentage of the company's total outstanding shares and often part of personal financial management.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Celcuity, CELC, Form 4, Insider Trading, Stock Options, Director, Share Sale, Beneficial Ownership, Trust