Form 4: Celcuity Inc. CEO Brian F. Sullivan Reports Changes in Beneficial Ownership
SEC Form 4
CEO Brian F. Sullivan reports transactions involving Celcuity Inc. stock and options, including grants and adjustments to holdings in family trusts.
Summary
- Brian F. Sullivan, CEO of Celcuity Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes grants of stock options and adjustments to holdings of common stock held directly and indirectly through family trusts.
- Sullivan directly holds 1,342,374 shares of common stock.
- He also indirectly holds shares through Family Trust #1 (908,372 shares) and Family Trust #2 (765,897 shares).
- The report details numerous stock options with varying exercise prices and vesting schedules, extending out to 2034.
- New stock options were granted on August 20, 2024, including 250,000 shares at an exercise price of $17.04 and 150,000 performance-based options at $17.04.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It provides information about insider transactions but doesn't inherently indicate positive or negative sentiment about the company's prospects.
Positives
- The grant of new stock options to the CEO could align his interests with those of shareholders, incentivizing him to improve company performance.
- The vesting schedules of the options, extending over several years, suggest a long-term commitment from the CEO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The reported transactions could influence investor sentiment regarding Celcuity Inc.
Key Dates
| Date | Description |
|---|---|
| 05/17/2027 | Expiration date for some stock options. |
| 09/19/2027 | Expiration date for some stock options. |
| 12/09/2027 | Expiration date for warrants. |
| 08/13/2028 | Expiration date for some stock options. |
| 10/17/2028 | Expiration date for some stock options. |
| 08/12/2029 | Expiration date for some stock options. |
| 08/12/2030 | Expiration date for some stock options. |
| 12/28/2030 | Expiration date for some stock options. |
| 02/02/2031 | Expiration date for some stock options. |
| 03/18/2031 | Expiration date for some stock options. |
| 04/12/2031 | Expiration date for some stock options. |
| 08/11/2031 | Expiration date for some stock options. |
| 10/27/2031 | Expiration date for some stock options. |
| 05/17/2032 | Expiration date for some stock options. |
| 02/16/2033 | Expiration date for some stock options. |
| 08/25/2033 | Expiration date for some stock options. |
| 01/02/2034 | Expiration date for some stock options. |
| 08/20/2024 | Date of the reported transactions, including stock option grants. |
| 08/20/2034 | Expiration date for newly granted stock options. |
| 08/22/2024 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.