Form 4: Vericel Corp Director Alan Rubino Exercises Stock Options
SEC Form 4 Filing
Director Alan L. Rubino exercised stock options to acquire 3,000 shares of Vericel Corp common stock at a price of $4.12 on April 9, 2024.
Summary
- On April 9, 2024, Alan L. Rubino, a director of Vericel Corp, exercised stock options to acquire 3,000 shares of common stock at $4.12 per share.
- This transaction increased Rubino's direct ownership to 20,594 shares of common stock.
- The exercised options were granted on May 7, 2014, and became exercisable in monthly installments starting June 7, 2014.
- The options would have expired on May 7, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction. It's neither particularly positive nor negative for the company's outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| May 7, 2014 | Date the stock options were awarded. |
| June 7, 2014 | First vesting date of the stock options. |
| April 9, 2024 | Date of the stock option exercise. |
| May 7, 2024 | Original expiration date of the stock options. |
| April 11, 2024 | Date of Form 4 filing. |
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