Form 4: Dean DeSantis Reports Sales of Celsius Holdings Stock

Dean DeSantis, a director and 10% owner of Celsius Holdings, Inc., reported the sale of shares of common stock between April 29, 2024, and May 1, 2024, due to the exercise of call options.

Summary

• Dean DeSantis, a director of Celsius Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involve the sale of Celsius Holdings common stock due to the exercise of call options previously sold to unaffiliated third parties on October 25, 2023.
• These sales occurred between April 29, 2024, and May 1, 2024.
• Each sale involved 214,284 shares of common stock at a price of $59.6667 per share.
• Following these transactions, the reporting person indirectly holds approximately 25,035,885 to 26,107,305 shares through the Carl DeSantis Revocable Trust and CD Financial LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales, which is neutral in sentiment. The sales are due to call options being exercised, which was previously agreed upon.

Risks

• The sale of shares by a significant shareholder could be perceived negatively by the market.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders buy or sell shares of their company's stock; this filing indicates activity by a director of Celsius Holdings.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment.

Key Dates