STOCK TITAN

[Form 4] Celsius Holdings, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing: On 07/31/2025, Deborah DeSantis—listed as a Director and 10% owner of Celsius Holdings, Inc. (CELH) and acting as trustee of the Carl DeSantis Revocable Trust—reported an open-market sale (Code “S”) of 100,000 CELH common shares at $47.50 per share. The shares were held indirectly through CDF, the trust’s majority-owned entity.

Following the disposition, DeSantis’ indirect beneficial ownership stands at 17,717,770 shares. No derivative transactions were reported, and the filing contains one explanatory footnote detailing shared voting and dispositive power through the trust structure. The transaction modestly reduces, but does not materially alter, her large insider position.

Dichiarazione Modulo 4: Il 31/07/2025, Deborah DeSantis—elencata come Direttrice e proprietaria del 10% di Celsius Holdings, Inc. (CELH) e in qualità di fiduciaria del Carl DeSantis Revocable Trust—ha riportato una vendita sul mercato aperto (Codice “S”) di 100.000 azioni ordinarie CELH a 47,50 $ per azione. Le azioni erano detenute indirettamente tramite CDF, l'entità a maggioranza controllata dal trust.

Dopo la vendita, la proprietà beneficiaria indiretta di DeSantis ammonta a 17.717.770 azioni. Non sono state segnalate transazioni derivate e la dichiarazione contiene una nota esplicativa che dettaglia il potere condiviso di voto e disposizione attraverso la struttura del trust. L'operazione riduce modestamente, ma non modifica in modo significativo, la sua ampia posizione da insider.

Presentación del Formulario 4: El 31/07/2025, Deborah DeSantis—listada como Directora y propietaria del 10% de Celsius Holdings, Inc. (CELH) y actuando como fideicomisaria del Carl DeSantis Revocable Trust—reportó una venta en mercado abierto (Código “S”) de 100,000 acciones comunes de CELH a $47.50 por acción. Las acciones se mantenían indirectamente a través de CDF, la entidad mayoritariamente controlada por el fideicomiso.

Tras la disposición, la propiedad beneficiaria indirecta de DeSantis es de 17,717,770 acciones. No se reportaron transacciones derivadas y la presentación incluye una nota explicativa que detalla el poder compartido de voto y disposición mediante la estructura del fideicomiso. La transacción reduce modestamente, pero no altera materialmente, su gran posición como insider.

Form 4 제출: 2025년 7월 31일, Celsius Holdings, Inc. (CELH)의 이사이자 10% 소유주로 등재되어 있으며 Carl DeSantis Revocable Trust의 수탁자로 활동 중인 Deborah DeSantis가 공개시장 매도(코드 “S”)로 CELH 보통주 100,000주를 주당 $47.50에 보고했습니다. 해당 주식은 신탁이 다수 지분을 보유한 CDF를 통해 간접적으로 보유되었습니다.

처분 후 DeSantis의 간접적 실소유 주식 수는 17,717,770주입니다. 파생 거래는 보고되지 않았으며, 제출서류에는 신탁 구조를 통한 공동 의결권 및 처분권에 관한 설명 주석이 포함되어 있습니다. 이번 거래는 그녀의 대규모 내부자 지분을 다소 줄였으나, 본질적으로 큰 변동은 없습니다.

Dépôt du formulaire 4 : Le 31/07/2025, Deborah DeSantis—répertoriée en tant que directrice et détentrice de 10 % de Celsius Holdings, Inc. (CELH), agissant en tant que fiduciaire du Carl DeSantis Revocable Trust—a déclaré une vente sur le marché libre (code “S”) de 100 000 actions ordinaires CELH au prix de 47,50 $ par action. Les actions étaient détenues indirectement via CDF, l’entité majoritairement détenue par le trust.

Après cette cession, la propriété bénéficiaire indirecte de DeSantis s’élève à 17 717 770 actions. Aucune transaction dérivée n’a été signalée, et le dépôt comprend une note explicative détaillant le pouvoir conjoint de vote et de disposition via la structure du trust. La transaction réduit modestement, mais ne modifie pas de manière significative, sa importante position d’initiée.

Formular 4 Einreichung: Am 31.07.2025 meldete Deborah DeSantis—aufgeführt als Direktorin und 10% Eigentümerin von Celsius Holdings, Inc. (CELH) und als Treuhänderin des Carl DeSantis Revocable Trust tätig—einen Verkauf am offenen Markt (Code “S”) von 100.000 CELH-Stammaktien zu je 47,50 $. Die Aktien wurden indirekt über CDF gehalten, die mehrheitlich vom Trust kontrollierte Einheit.

Nach der Veräußerung beläuft sich DeSantis’ indirekter wirtschaftlicher Eigentumsanteil auf 17.717.770 Aktien. Es wurden keine Derivatgeschäfte gemeldet, und die Einreichung enthält eine erläuternde Fußnote, die die gemeinsame Stimm- und Verfügungsgewalt durch die Trust-Struktur beschreibt. Die Transaktion verringert ihre große Insiderposition leicht, ändert sie jedoch nicht wesentlich.

Positive
  • Insider still holds 17,717,770 CELH shares, signalling continued long-term exposure and alignment with shareholders.
  • Transparent disclosure with detailed footnote clarifies trust structure and shared voting power, supporting governance best practices.
Negative
  • Sale of 100,000 shares by a 10% owner could be perceived as profit-taking, though magnitude is small.

Insights

TL;DR: Small sale (0.6% of stake) by 10% owner; overall holding remains sizable—signal neutral.

The reported 100k-share sale equates to roughly 0.56% of DeSantis’ post-transaction holding of 17.7 million shares. Given the minimal proportional reduction and absence of multiple sales tranches, the move appears to be routine portfolio management rather than a directional signal on CELH fundamentals. The indirect nature through a trust further suggests estate or liquidity planning. I view the transaction as immaterial to valuation and rate the impact neutral.

TL;DR: Insider continues to control >17 M shares; governance influence unchanged.

DeSantis, as trustee, retains significant voting power after the sale, so board-level influence and potential alignment with minority shareholders remain intact. The filing aligns with Section 16 disclosure rules and contains clear footnote language on shared dispositive power, indicating good compliance. No red flags emerge from governance or control-change perspectives. Impact assessed as neutral.

Dichiarazione Modulo 4: Il 31/07/2025, Deborah DeSantis—elencata come Direttrice e proprietaria del 10% di Celsius Holdings, Inc. (CELH) e in qualità di fiduciaria del Carl DeSantis Revocable Trust—ha riportato una vendita sul mercato aperto (Codice “S”) di 100.000 azioni ordinarie CELH a 47,50 $ per azione. Le azioni erano detenute indirettamente tramite CDF, l'entità a maggioranza controllata dal trust.

Dopo la vendita, la proprietà beneficiaria indiretta di DeSantis ammonta a 17.717.770 azioni. Non sono state segnalate transazioni derivate e la dichiarazione contiene una nota esplicativa che dettaglia il potere condiviso di voto e disposizione attraverso la struttura del trust. L'operazione riduce modestamente, ma non modifica in modo significativo, la sua ampia posizione da insider.

Presentación del Formulario 4: El 31/07/2025, Deborah DeSantis—listada como Directora y propietaria del 10% de Celsius Holdings, Inc. (CELH) y actuando como fideicomisaria del Carl DeSantis Revocable Trust—reportó una venta en mercado abierto (Código “S”) de 100,000 acciones comunes de CELH a $47.50 por acción. Las acciones se mantenían indirectamente a través de CDF, la entidad mayoritariamente controlada por el fideicomiso.

Tras la disposición, la propiedad beneficiaria indirecta de DeSantis es de 17,717,770 acciones. No se reportaron transacciones derivadas y la presentación incluye una nota explicativa que detalla el poder compartido de voto y disposición mediante la estructura del fideicomiso. La transacción reduce modestamente, pero no altera materialmente, su gran posición como insider.

Form 4 제출: 2025년 7월 31일, Celsius Holdings, Inc. (CELH)의 이사이자 10% 소유주로 등재되어 있으며 Carl DeSantis Revocable Trust의 수탁자로 활동 중인 Deborah DeSantis가 공개시장 매도(코드 “S”)로 CELH 보통주 100,000주를 주당 $47.50에 보고했습니다. 해당 주식은 신탁이 다수 지분을 보유한 CDF를 통해 간접적으로 보유되었습니다.

처분 후 DeSantis의 간접적 실소유 주식 수는 17,717,770주입니다. 파생 거래는 보고되지 않았으며, 제출서류에는 신탁 구조를 통한 공동 의결권 및 처분권에 관한 설명 주석이 포함되어 있습니다. 이번 거래는 그녀의 대규모 내부자 지분을 다소 줄였으나, 본질적으로 큰 변동은 없습니다.

Dépôt du formulaire 4 : Le 31/07/2025, Deborah DeSantis—répertoriée en tant que directrice et détentrice de 10 % de Celsius Holdings, Inc. (CELH), agissant en tant que fiduciaire du Carl DeSantis Revocable Trust—a déclaré une vente sur le marché libre (code “S”) de 100 000 actions ordinaires CELH au prix de 47,50 $ par action. Les actions étaient détenues indirectement via CDF, l’entité majoritairement détenue par le trust.

Après cette cession, la propriété bénéficiaire indirecte de DeSantis s’élève à 17 717 770 actions. Aucune transaction dérivée n’a été signalée, et le dépôt comprend une note explicative détaillant le pouvoir conjoint de vote et de disposition via la structure du trust. La transaction réduit modestement, mais ne modifie pas de manière significative, sa importante position d’initiée.

Formular 4 Einreichung: Am 31.07.2025 meldete Deborah DeSantis—aufgeführt als Direktorin und 10% Eigentümerin von Celsius Holdings, Inc. (CELH) und als Treuhänderin des Carl DeSantis Revocable Trust tätig—einen Verkauf am offenen Markt (Code “S”) von 100.000 CELH-Stammaktien zu je 47,50 $. Die Aktien wurden indirekt über CDF gehalten, die mehrheitlich vom Trust kontrollierte Einheit.

Nach der Veräußerung beläuft sich DeSantis’ indirekter wirtschaftlicher Eigentumsanteil auf 17.717.770 Aktien. Es wurden keine Derivatgeschäfte gemeldet, und die Einreichung enthält eine erläuternde Fußnote, die die gemeinsame Stimm- und Verfügungsgewalt durch die Trust-Struktur beschreibt. Die Transaktion verringert ihre große Insiderposition leicht, ändert sie jedoch nicht wesentlich.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Milmoe William H.

(Last) (First) (Middle)
190 S.E. 5TH AVENUE, SUITE 200

(Street)
DELRAY BEACH FL 33483

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Celsius Holdings, Inc. [ CELH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/31/2025 S 100,000 D $47.5 17,717,770 I See Footnote(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The Reporting Person is the Manager of CD Financial LLC ("CDF") and a trustee of the Carl DeSantis Revocable Trust, which owns a 99% beneficial interest in CDF. CDF is the record holder of the shares of common stock of Celsius Holdings, Inc., which are the subject of this report. The Reporting Person has shared voting and dispositive power with respect to such shares.
/s/ William H. Milmoe 08/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many CELH shares did Deborah DeSantis sell on 07/31/2025?

100,000 shares were sold.

At what price were the CELH shares sold?

The reported sale price was $47.50 per share.

How many CELH shares does the insider still own after the sale?

The filing shows 17,717,770 shares beneficially owned indirectly.

Was the transaction direct or indirect?

Ownership is reported as Indirect (I) through CDF, controlled by the Carl DeSantis Revocable Trust.

What is Deborah DeSantis’ relationship to Celsius Holdings?

She is listed as a Director and 10% Owner of CELH.
Celsius Hldgs Inc

NASDAQ:CELH

CELH Rankings

CELH Latest News

CELH Latest SEC Filings

CELH Stock Data

11.02B
164.44M
36.25%
58.41%
8.32%
Beverages - Non-Alcoholic
Bottled & Canned Soft Drinks & Carbonated Waters
Link
United States
BOCA RATON