Form 4: Celcuity Inc. Director Richard E. Buller Reports Stock Sale and Option Holdings

Director Richard E. Buller of Celcuity Inc. reports the sale of 350 shares of common stock at $16.95 per share and discloses holdings of common stock and stock options, some held directly and others through a trust.

Summary

• Richard E. Buller, a director of Celcuity Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 23, 2024, Buller sold 350 shares of Celcuity Inc. common stock at a price of $16.95 per share.
• Following the transaction, Buller directly owns 1,079 shares of common stock, which are restricted and will vest on April 30, 2025, or the date of the company's 2025 Annual Meeting of Stockholders.
• Buller also indirectly owns 7,031 shares of common stock through a trust.
• Buller holds multiple stock options through a trust with varying exercise prices and expiration dates, including options to purchase 4,555 shares at $5.5, 12,654 shares at $5.1, 2,310 shares at $5.5, 19,558 shares at $5.5 and 8,733 shares at $9.58.
• Buller directly holds options to purchase 6,522 shares at $14.83, which will vest on April 30, 2025, or the date of the company's 2025 Annual Meeting of Stockholders.
• The sale was executed under a Rule 10b5-1 trading plan adopted on May 18, 2023.
• Buller and his spouse are trustees and beneficiaries of the trust holding the shares and options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction and holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares by a director may be interpreted in various ways by the market, but the existence of a pre-arranged trading plan suggests it was planned in advance.

Stakeholder Impact

• Shareholders may interpret the director's stock sale in various ways, although the existence of a pre-arranged trading plan mitigates potential concerns about insider information.

Key Dates