Form 4: Celcuity Director's Pre-Planned Stock Transactions

Celcuity Inc. Director Richard E. Buller reported exercising stock options and subsequently selling shares, alongside a gift of common stock, all under a Rule 10b5-1 plan.

Summary

• Richard E. Buller, a Director of Celcuity Inc. (CELC), reported several transactions involving the company's common stock.
• On November 19, 2025, Buller gifted 500 shares of common stock.
• On November 20, 2025, Buller exercised stock options to acquire 3,900 shares of common stock at an exercise price of $14.83 per share.
• Immediately following the option exercise on November 20, 2025, Buller sold 3,900 shares of common stock at a weighted average price of $96.732 per share.
• The sale price ranged from $96.465 to $96.920 per share.
• These transactions were made pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Following these reported transactions, Buller beneficially owns 7,260 shares indirectly through a trust and 1,029 shares directly.
• The trust's holdings are beneficially owned by Buller, who serves as a trustee and beneficiary along with his spouse.
• Buller also holds 2,622 derivative securities (stock options) indirectly through the trust, which are 100% vested and expire on June 4, 2034.

Sentiment

Score: 6

Explanation: The transactions represent a routine insider liquidity event, involving both option exercise and a pre-planned sale, which is generally neutral to slightly positive due to the exercise of options.

Positives

• The exercise of stock options indicates the director saw value in acquiring shares at the exercise price of $14.83.
• The stock options were 100% vested, suggesting the fulfillment of performance or tenure conditions.

Negatives

• The sale of 3,900 shares by a director reduces insider ownership, although it was part of a pre-planned trading arrangement.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Richard E. Buller's transactions involved shares held indirectly by a trust where he and his spouse are trustees and beneficiaries, and he continues to beneficially own these securities.

Stakeholder Impact

• Minor impact on shareholders as the sale was pre-planned under a Rule 10b5-1 plan, indicating a routine liquidity event rather than a change in sentiment regarding the company's prospects.

Key Dates

Keywords

Celcuity, CELC, Form 4, insider trading, stock options, share sale, director, 10b5-1 plan