Form 4: Celularity Inc. Executive Haines Reports Stock Transaction Following RSU Vesting
SEC Form 4 Filing
John R. Haines, a Senior EVP at Celularity Inc., reports the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 13, 2024, John R. Haines, a Senior EVP at Celularity Inc., had 576 shares of Class A Common Stock withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
- This transaction did not represent a sale by Haines.
- Following the transaction, Haines beneficially owns 38,373 shares, including 37,310 shares underlying RSUs granted under the company's 2021 Equity Incentive Plan.
- 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: The document is a standard regulatory filing, and the transaction itself is a routine part of executive compensation. Therefore, the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| February 29, 2024 | Celularity Inc. effected a 1-for-10 reverse stock split. |
| April 13, 2024 | Transaction date: 576 shares withheld for tax obligations related to RSU vesting. |
| April 16, 2024 | Date of signature for the Form 4 filing. |
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