Form 4: Dean DeSantis Reports Changes in Beneficial Ownership of Celsius Holdings Stock

Dean DeSantis reports a distribution of Celsius Holdings (CELH) common stock from the Carl DeSantis Retained Annuity Trust 2 (GRAT 2) to himself and the Estate of Carl DeSantis.

Summary

• Dean DeSantis, a director of Celsius Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock on May 29, 2024.
• The changes involve distributions of common stock from the Carl DeSantis Retained Annuity Trust 2 (GRAT 2).
• 7,216,031 shares were distributed from GRAT 2.
• 1,318,067 shares were distributed from GRAT 2 to the Estate of Carl DeSantis.
• 1,965,988 shares were distributed from GRAT 2 to Dean DeSantis.
• Following these transactions, Dean DeSantis directly owns 2,131,365 shares and indirectly owns 1,318,067 shares through the Estate of Carl DeSantis.
• The Carl DeSantis Retained Annuity Trust 2 now holds 2,136,067 shares.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a transfer of shares. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies. It provides transparency to investors regarding the holdings of key individuals.

Stakeholder Impact

• The distribution of shares may have a minor impact on the overall shareholder base, but is unlikely to significantly affect the company's operations or financial performance.

Key Dates