Form 4: Celsius Holdings Executive Sells Shares to Cover Tax Obligations

Paul H. Storey, Chief Supply Chain Officer of Celsius Holdings, Inc., sold 1,833 shares of common stock on May 7, 2024, to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).

Summary

• On May 7, 2024, Paul H. Storey, the Chief Supply Chain Officer of Celsius Holdings, Inc., sold 1,833 shares of the company's common stock.
• The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
• The shares were sold at a weighted average price of $75.43, with individual transactions ranging from $73.54 to $76.00.
• Following the transaction, Storey directly owns 41,044 shares and indirectly owns 450 shares through his spouse.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction appears to be related to tax liabilities arising from vested RSUs, which is a typical reason for such sales.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates