Form 4: Celcuity Inc. CEO Brian F. Sullivan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian F. Sullivan, CEO of Celcuity Inc., reports changes in his and related parties' beneficial ownership of company stock due to gift transactions.
Summary
- On March 3rd and 4th, 2025, Brian F. Sullivan, the CEO of Celcuity Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes were due to gift transactions, indicated by transaction code 'G'.
- Sullivan directly disposed of 39,670 shares at $0 and indirectly acquired 39,670 shares through Family Trust #1 on March 3rd.
- He also directly disposed of 45,000 shares at $0 and indirectly acquired 45,000 shares through his spouse on the same day.
- On March 4th, Sullivan directly disposed of 36,845 shares at $0 and indirectly acquired 36,845 shares through his spouse and Family Trust #2.
- Following these transactions, Sullivan directly owns 1,257,704 shares, indirectly owns 847,742 shares through Family Trust #1, and indirectly owns 45,000 shares through his spouse.
- Sullivan also provided a Power of Attorney, effective December 9, 2024, authorizing Griffin D. Foster, Jonathan R. Zimmerman, Sheremy R. Anderson, and Amra Hoso to act on his behalf for SEC filings related to Celcuity Inc. securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's holdings and transactions.
- The gift transactions themselves do not directly impact the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 2024-12-09 | Date of Power of Attorney execution by Brian F. Sullivan. |
| 2025-03-03 | Date of first reported transaction (gift of common stock). |
| 2025-03-04 | Date of second reported transaction (gift of common stock). |
| 2025-03-05 | Date of signature on the Form 4 filing. |
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