Form 4: Celcuity Inc. Director Richard E. Buller Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Richard E. Buller reports a sale of Celcuity Inc. common stock and adjustments to holdings including transfers to a living trust.
Summary
- Richard E. Buller, a director of Celcuity Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On June 21, 2024, Buller sold 350 shares of common stock at a price of $15.68 per share.
- He also transferred 5,773 shares previously owned directly into a living trust, where he and his spouse are trustees and beneficiaries.
- Following these transactions, Buller directly owns 1,079 shares of common stock and indirectly owns 7,381 shares through the trust.
- The directly owned shares include 1,079 shares of restricted stock that will vest on April 30, 2025, or the date of the company's 2025 Annual Meeting of Stockholders, if earlier.
- Buller also indirectly owns various stock options through the trust, with exercise prices ranging from $5.1 to $14.83 and expiration dates between 2029 and 2034.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 18, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- Shareholders may interpret the director's stock sale as a signal, although it was conducted under a pre-arranged trading plan.
- The transfer of shares to a living trust has no immediate impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| May 18, 2023 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| June 21, 2024 | Date of the transaction (stock sale). |
| June 25, 2024 | Date of the Form 4 filing. |
| April 30, 2025 | Date of restricted stock vesting, or the date of the Company's 2025 Annual Meeting of Stockholders, if earlier. |
| December 03, 2029 | Expiration date of some stock options. |
| May 14, 2030 | Expiration date of some stock options. |
| May 12, 2031 | Expiration date of some stock options. |
| May 17, 2032 | Expiration date of some stock options. |
| May 15, 2033 | Expiration date of some stock options. |
| June 04, 2034 | Expiration date of some stock options. |
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