Form 4: Vericel Corp Executive Jonathan Siegal Reports Stock Transactions
SEC Form 4 Filing
Principal Accounting Officer Jonathan Siegal of Vericel Corp reports acquisition and disposal of common stock and vesting of Restricted Stock Units (RSUs).
Summary
- On September 30, 2024, Jonathan Siegal, Principal Accounting Officer of Vericel Corp, acquired 937 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
- Siegal also disposed of 369 shares to cover tax withholding requirements related to the RSU vesting at $42.25 per share.
- On October 1, 2024, Siegal sold 568 shares of common stock at $41.9 per share under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Siegal directly owns 1,124 shares of common stock.
- The remaining RSUs will vest on September 30, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions by an executive, including vesting of RSUs and sales under a pre-arranged trading plan.
Future Outlook
The remaining RSUs will vest on September 30, 2025.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/30/2021 | Date of grant for the Restricted Stock Units (RSUs) that vested on September 30, 2024. |
| 03/13/2024 | Date the reporting person adopted the Rule 10b5-1 trading plan. |
| 09/30/2024 | Date of RSU vesting and acquisition of 937 shares of common stock. |
| 09/30/2024 | Date of disposal of 369 shares for tax withholding. |
| 09/30/2025 | Date the remaining RSUs will vest. |
| 10/01/2024 | Date of sale of 568 shares of common stock under Rule 10b5-1 trading plan. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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