secwatch.observer — SEC 8-K summary
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Issuer:     Celcuity Inc. (CELC)
CIK:        0001603454
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001493152-22-014511
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603454/000149315222014511/0001493152-22-014511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603454/000149315222014511/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-014511

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