Form 4: Dean DeSantis Reports Sale of Celsius Holdings Shares

Dean DeSantis, a director and 10% owner of Celsius Holdings, Inc., reported the sale of 428,574 shares of common stock at a price of $59.6667 per share.

Summary

• Dean DeSantis, a director and 10% owner of Celsius Holdings, Inc. (CELH), filed a Form 4 with the SEC.
• The report details the sale of 428,574 shares of CELH common stock on May 7, 2024, at a price of $59.6667 per share.
• The shares were sold by CD Financial LLC (CDF), where the Carl DeSantis Revocable Trust, of which Dean DeSantis is a trustee, holds a 99% beneficial interest.
• The sales were related to the exercise of call options sold to unaffiliated third-party purchasers on October 25, 2023.
• Following the reported transactions, Dean DeSantis indirectly beneficially owns 23,321,589 shares of CELH common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting the sale of shares by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling of company stock by its officers, directors, and principal stockholders.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially create short-term price volatility, but the overall impact on stakeholders is likely to be minimal given the context of call option exercises.

Key Dates