Vericel (NASDAQ: VCEL) accounting chief sells 4,855 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vericel Corp’s Principal Accounting Officer Jonathan Siegal reported open-market sales of company common stock. On May 6, 2026, he sold 3,433 shares at $38.00 per share. On May 7, 2026, he sold an additional 1,422 shares at $40.50 per share.
The Form 4 states these transactions were made under an automatic Rule 10b5-1 trading plan adopted on December 10, 2025, indicating they were pre-arranged. After these sales, Siegal directly holds 1,118 shares of Vericel common stock, some of which were acquired through the company’s 2015 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,855 shares ($188,045)
Net Sell
2 txns
Insider
SIEGAL JONATHAN
Role
Principal Accounting Officer
Sold
4,855 shs ($188K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,422 | $40.50 | $58K |
| Sale | Common Stock | 3,433 | $38.00 | $130K |
Holdings After Transaction:
Common Stock — 1,118 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025. These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
Key Figures
Shares sold May 6, 2026: 3,433 shares
Price per share May 6, 2026: $38.00/share
Shares sold May 7, 2026: 1,422 shares
+4 more
7 metrics
Shares sold May 6, 2026
3,433 shares
Open-market sale of Vericel common stock at $38.00
Price per share May 6, 2026
$38.00/share
Sale price for 3,433 Vericel common shares
Shares sold May 7, 2026
1,422 shares
Open-market sale of Vericel common stock at $40.50
Price per share May 7, 2026
$40.50/share
Sale price for 1,422 Vericel common shares
Total shares sold
4,855 shares
Aggregate of reported open-market sales in this Form 4
Shares held after transactions
1,118 shares
Direct Vericel common stock holdings following sales
10b5-1 plan adoption date
December 10, 2025
Date Jonathan Siegal adopted automatic trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, Employee Stock Purchase Plan, Common Stock, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: "open-market sale" and description: "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Purchase Plan financial
"These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Common Stock financial
"security_title: "Common Stock" for each reported non-derivative transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
What insider transaction did Vericel (VCEL) report for Jonathan Siegal?
Vericel reported that Principal Accounting Officer Jonathan Siegal sold company shares. He executed open-market sales totaling 4,855 shares of Vericel common stock on May 6 and May 7, 2026, at prices of $38.00 and $40.50 per share, respectively, according to the Form 4.
Were Jonathan Siegal’s Vericel (VCEL) stock sales part of a 10b5-1 trading plan?
Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan. The automatic plan was adopted by Jonathan Siegal on December 10, 2025, meaning the timing and size of the May 2026 transactions were pre-arranged rather than newly decided.
What type of Vericel (VCEL) security did Jonathan Siegal trade in this Form 4?
The transactions involved Vericel common stock. Both reported trades show sales of the issuer’s common stock in open-market transactions, with no derivative securities exercised or converted and no derivative positions remaining disclosed in this particular Form 4 filing.