CELU.NASDAQCelularity INC

Form 4: Celularity CFO David C. Beers Reports Stock Disposal to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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David C. Beers, CFO of Celularity Inc., disposed of 360 shares of Class A Common Stock on April 13, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

  • On April 16, 2024, a Form 4 filing was submitted to the SEC by Kyle Fletcher on behalf of David C. Beers, the Chief Financial Officer of Celularity Inc.
  • The report details a transaction on April 13, 2024, where 360 shares of Class A Common Stock were disposed of at a price of $4.11 per share.
  • This disposal was to cover tax obligations associated with the vesting and settlement of restricted stock units (RSUs) granted under Celularity's 2021 Equity Incentive Plan.
  • Following the transaction, Beers beneficially owns 23,983 shares, which includes 23,319 shares underlying RSUs.
  • The filing also notes that a 1-for-10 reverse stock split was effected on February 29, 2024, and the reported numbers have been adjusted accordingly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company insider, and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Key Dates

DateDescription
February 29, 2024Celularity Inc. effected a 1-for-10 reverse stock split.
April 13, 2024David C. Beers disposed of 360 shares of Class A Common Stock.
April 16, 2024Form 4 filing date.

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