Was the Vericel (VCEL) CFO’s 5,000-share sale pre-planned under Rule 10b5-1?

Yes. The filing states the sales were executed automatically under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans schedule trades in advance, reducing the significance of trade timing as a signal of the insider’s current market views.

Vericel (VCEL) CFO executes 5,000-share Rule 10b5-1 stock sale

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Vericel Corp’s Chief Financial Officer, Mara Joseph Anthony Jr., reported an open-market sale of 5,000 shares of common stock. The transaction took place on June 26, 2026 at a price of $44.75 per share. Following this sale, he directly holds 16,009 shares of Vericel common stock.

The filing notes that the sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025, indicating it was scheduled in advance rather than timed discretionarily. The reported holdings include shares acquired through Vericel’s 2015 Employee Stock Purchase Plan under Rule 16b-3 exemptions.

Insider Trade Summary 10b5-1

Net Seller: 5,000 shares ($223,750)

Net Sell 1 txn

Insider Mara Joseph Anthony Jr

Role Chief Financial Officer

Sold 5,000 shs ($224K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$44.75	$224K

Holdings After Transaction: Common Stock — 16,009 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 2, 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: 5,000 shares Sale price: $44.75 per share Direct holdings after sale: 16,009 shares +2 more

5 metrics

Shares sold 5,000 shares Open-market sale on June 26, 2026

Sale price $44.75 per share Price for 5,000-share sale

Direct holdings after sale 16,009 shares Common stock directly owned post-transaction

Net buy/sell shares 5,000 shares net sell TransactionSummary netBuySellShares

10b5-1 plan adoption date December 2, 2025 Date CFO adopted Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, Employee Stock Purchase Plan, open-market sale, Rule 16b-3

4 terms

Rule 10b5-1 trading plan financial

"The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted..."

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.

Employee Stock Purchase Plan financial

"These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt..."

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.

open-market sale financial

"transaction_action: open-market sale, transaction_code_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.

Rule 16b-3 regulatory

"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:06 PM Accepted by SEC EDGAR 06/30/2026 - 04:05 PM

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^*

Mara Joseph Anthony Jr

(Last)

(First)

(Middle)

25 BLUE SKY DRIVE

(Street)

BURLINGTON

MASSACHUSETTS

01803

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vericel Corp [ VCEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/26/2026		S		5,000	D⁽¹⁾	$44.75	16,009⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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 2, 2025.

2. 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).

	/s/ Sean Flynn, as Attorney-in-Fact for Joseph Mara	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Vericel (VCEL) report in this Form 4?

Vericel reported that Chief Financial Officer Mara Joseph Anthony Jr. sold 5,000 shares of common stock. The open-market sale occurred on June 26, 2026 at $44.75 per share, and he now directly owns 16,009 Vericel shares after the transaction.

How many Vericel (VCEL) shares does the CFO hold after the reported sale?

After the sale, Chief Financial Officer Mara Joseph Anthony Jr. directly holds 16,009 shares of Vericel common stock. This figure reflects his direct ownership position immediately following the June 26, 2026 open-market sale of 5,000 shares at $44.75 per share.

At what price did the Vericel (VCEL) CFO sell his 5,000 shares?

The 5,000 Vericel common shares were sold at $44.75 per share. This transaction, described as an open-market sale, occurred on June 26, 2026 and was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.

What does the Vericel (VCEL) filing say about Employee Stock Purchase Plan shares?

The filing notes the CFO’s reported holdings include shares acquired through Vericel’s 2015 Employee Stock Purchase Plan. Those ESPP transactions were exempt under Rule 16b-3(d) and Rule 16b-3(c), indicating they were compensation-related acquisitions rather than open-market purchases.

What role does the insider hold at Vericel (VCEL) in this Form 4?

The reporting person is Vericel’s Chief Financial Officer, Mara Joseph Anthony Jr. He is identified as an officer, not a director or 10% owner, and this Form 4 details his open-market sale of 5,000 Vericel common shares and resulting direct ownership of 16,009 shares.