Form 4: Celcuity Inc. CEO Brian F. Sullivan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian F. Sullivan, CEO of Celcuity Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock due to a gift and vesting of stock options.
Summary
- On April 26, 2024, Brian F. Sullivan, the CEO of Celcuity Inc., reported changes in his beneficial ownership of the company's stock.
- The changes include a gift of 45,025 shares of common stock and adjustments to holdings in family trusts.
- Sullivan also holds various stock options with exercise prices ranging from $5.5 to $14.78 and expiration dates extending to 2034.
- The report details the vesting schedules for these options, with portions vesting monthly after initial dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain specific forward-looking statements, but it details the vesting schedules of stock options, indicating future potential equity ownership changes.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings and transactions in the company's stock.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the CEO's ownership stake and any changes.
- The vesting of stock options may incentivize the CEO to improve company performance, benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-01-31 | Date of Power of Attorney execution. |
| 2024-04-26 | Date of transaction (gift of shares). |
| 2024-04-30 | Date of Form 4 filing. |
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