Form 4: Celsius Holdings Director Reports Expiration of Call Options
SEC Form 4 Filing
A director of Celsius Holdings, William H. Milmoe, reported the expiration of call options on the company's stock, which were not exercised.
Summary
- William H. Milmoe, a director at Celsius Holdings, filed a Form 4 detailing the expiration of call options.
- The call options, which were sold by CD Financial LLC (of which Milmoe is a manager) on July 12, 2023, expired without being exercised.
- These options covered 150,000 shares of Celsius Holdings common stock, with 50,000 shares expiring on each of January 21, 2025, January 22, 2025 and January 23, 2025.
- The options were out of the money at expiration, meaning the strike price was higher than the market price, so the option holders did not exercise their right to buy the shares.
- Milmoe has shared voting and dispositive power over the shares through his role at CD Financial LLC and as a trustee of the Carl DeSantis Revocable Trust.
Sentiment
Score: 5
Explanation: The document is neutral, reporting a routine transaction. There is no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to the expiration of derivative securities and is not indicative of any significant change in the company's operations or financial health. It is common for directors and officers to use options as part of their compensation or investment strategies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
- The use of call options is a common strategy for both hedging and generating income, and the expiration of out-of-the-money options is a normal occurrence.
- Many companies, such as Monster Beverage and Keurig Dr Pepper, have similar filings related to insider transactions.
Stakeholder Impact
- The expiration of these call options has no direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/12/2023 | Date the call options were sold. |
| 01/21/2025 | Expiration date of the first set of 50,000 call options. |
| 01/22/2025 | Expiration date of the second set of 50,000 call options. |
| 01/23/2025 | Expiration date of the third set of 50,000 call options and date of filing. |
Keywords
Celsius Holdings, Call Options, Form 4, Director, William H. Milmoe, CD Financial LLC, Expiration, Derivatives, SEC Filing
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