secwatch.observer — SEC 8-K summary
======================================

Issuer:     Celcuity Inc. (CELC)
CIK:        0001603454
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001493152-23-030000
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603454/000149315223030000/0001493152-23-030000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603454/000149315223030000/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030000

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer