Celcuity grants stock options to execs in lieu of salary, reprices outstanding options to $5.50

Celcuity Inc.

CEO Brian Sullivan granted options for 250,000 shares in lieu of 14-month base salary starting June 1, 2022.
CSO Lance Lang and CFO Vicky Hahne granted options (38,412 and 31,930) in lieu of salary increases.
Options have exercise price of $5.50 per share, vesting monthly over 14 months.
Additionally, 781,324 previously issued options (weighted avg exercise price $15.82) repriced to $5.50.
Repriced options held by directors and named execs (347,433 options) originally had weighted avg price $19.87.

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