---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-014511"
form_type: "8-K"
ticker: "CELC"
cik: "0001603454"
company_name: "Celcuity Inc."
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:14:14.040543+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-014511
- form_type: 8-K
- ticker: CELC
- cik: 0001603454
- company_name: Celcuity Inc.
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603454/000149315222014511/0001493152-22-014511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603454/000149315222014511/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-014511
- JSON: https://secwatch.observer/filing/0001493152-22-014511.json
- Plain text: https://secwatch.observer/filing/0001493152-22-014511.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.