Form 4: Celularity CEO Robert Hariri Disposes of Shares to Cover Tax Obligations
SEC Form 4
Celularity Inc. CEO Robert J. Hariri disposed of 1,154 shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 13, 2024, Celularity Inc. CEO Robert J. Hariri disposed of 1,154 shares of Class A Common Stock to satisfy tax obligations related to the vesting and settlement of restricted stock units (RSUs).
- The shares were withheld by the issuer at a price of $4.11 per share.
- Following the transaction, Hariri beneficially owns 2,855,889 shares of Class A Common Stock, which includes 8,688 shares underlying RSUs subject to vesting.
- The reported securities numbers have been adjusted to reflect a 1-for-10 reverse stock split that occurred on February 29, 2024.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations; it doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Celularity Inc. effected a 1-for-10 reverse stock split. |
| 04/13/2024 | Robert J. Hariri disposed of 1,154 shares of Class A Common Stock to cover tax obligations. |
| 04/16/2024 | Date of signature for the Form 4 filing. |
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