---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030000"
form_type: "8-K"
ticker: "CELC"
cik: "0001603454"
company_name: "Celcuity Inc."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:12:04.376739+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Celcuity adjusts executive compensation; CEO base salary down, CFO base up ~22% with stock options

## Summary
- CEO base salary decreased slightly; CSO base up <10%; CFO base up ~22% partially paid in stock options.
- CSO and CFO each granted options for 21,250 shares as part of annual base salary, effective Aug 25, 2023.
- Long-term incentive awards: 264,000 options to CEO (in two tranches), 125,000 to CSO, 60,000 to CFO.
- Options vest over 48 months starting Aug 25, 2024; exercise price equals closing price on grant date.
- All changes approved by Compensation Committee on Aug 23, 2023 to align with peer companies.

## SEC filing metadata
- accession: 0001493152-23-030000
- form_type: 8-K
- ticker: CELC
- cik: 0001603454
- company_name: Celcuity Inc.
- filed_at: 2023-08-24T23:59:59+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/1603454/000149315223030000/0001493152-23-030000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603454/000149315223030000/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030000
- JSON: https://secwatch.observer/filing/0001493152-23-030000.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030000.txt

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