Vericel CFO exercises options, sells 50,000 shares

The sales were automatic transactions under a Rule 10b5-1 plan adopted December 2, 2025.

Available on EDGAR 11/09/2026 - 04:05 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:05 PM EST

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Rhea-AI Filing Summary

Vericel Corp Chief Financial Officer Joseph Anthony Mara Jr. exercised options for 50,000 common shares and sold 50,000 shares on November 5 and 6, 2026. On November 5, he exercised options for 10,932 shares at $34.90 and 10,427 at $29.82, then sold those amounts at $53.40 and $53.73 per share, respectively. On November 6, he exercised options for 14,068 shares at $34.90 and 14,573 at $29.82, then sold those amounts at $53.41 and $53.43 per share, respectively. The sales were automatic transactions under a Rule 10b5-1 trading plan adopted December 2, 2025.

Insider Trade Summary 10b5-1

Exercise and Sale: 50,000 shares ($1.06M approx. pre-tax spread)

Exercise and Sale 12 txns

Insider Mara Joseph Anthony Jr

Role Chief Financial Officer

Sold 50,000 shs ($2.67M)

Approx. gross sale proceeds $2.67M

Approx. exercise cost $1.62M

Approx. pre-tax spread $1.06M

Share of Position Sold 75.5%

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) ^F3	14,068	$0.00	$0.00
Exercise	Stock Option (Right to Buy) ^F4	14,573	$0.00	$0.00
Exercise	Common Stock ^F1	14,068	$34.90	$491K
Sale	Common Stock ^{F2, F1}	14,068	$53.41	$751K
Exercise	Common Stock ^F1	14,573	$29.82	$435K
Sale	Common Stock ^{F2, F1}	14,573	$53.43	$779K
Exercise	Stock Option (Right to Buy) ^F3	10,932	$0.00	$0.00
Exercise	Stock Option (Right to Buy) ^F4	10,427	$0.00	$0.00
Exercise	Common Stock ^F1	10,932	$34.90	$382K
Sale	Common Stock ^{F2, F1}	10,932	$53.40	$584K
Exercise	Common Stock ^F1	10,427	$29.82	$311K
Sale	Common Stock ^{F2, F1}	10,427	$53.73	$560K

Holdings After Transaction: Stock Option (Right to Buy) — 149,679 options (Direct); Common Stock — 16,186 shares (Direct)

Holdings Before and After: Stock Option (Right to Buy), 99,679 to 149,679 options (Direct); Common Stock, 16,186 to 16,186 shares (Direct)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (4)

F1. 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).
F2. 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.
F3. These options, representing the right to purchase 64,269 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 18, 2022, which was one quarter after the date on which the option was granted.
F4. These options, representing the right to purchase 46,250 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 17, 2023, which was one quarter after the date on which the option was granted.

Key Figures

Options exercised: 10,932 shares at $34.90 per share Options exercised: 10,427 shares at $29.82 per share Shares sold: 10,932 shares at $53.40 per share +5 more

8 metrics

Options exercised 10,932 shares at $34.90 per share November 5, 2026

Options exercised 10,427 shares at $29.82 per share November 5, 2026

Shares sold 10,932 shares at $53.40 per share November 5, 2026

Shares sold 10,427 shares at $53.73 per share November 5, 2026

Options exercised 14,068 shares at $34.90 per share November 6, 2026

Options exercised 14,573 shares at $29.82 per share November 6, 2026

Shares sold 14,068 shares at $53.41 per share November 6, 2026

Shares sold 14,573 shares at $53.43 per share November 6, 2026

Key Terms

Rule 10b5-1 trading plan, Employee Stock Purchase Plan, Rule 16b-3(d)

3 terms

Rule 10b5-1 trading plan regulatory

"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.

Employee Stock Purchase Plan financial

"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.

Rule 16b-3(d) regulatory

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

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many VCEL shares did Joseph Anthony Mara Jr. sell, and at what prices?

Joseph Anthony Mara Jr., Vericel Corp’s Chief Financial Officer, sold 50,000 shares on November 5 and 6, 2026. On November 5, he sold 10,932 shares at $53.40 and 10,427 at $53.73 per share; on November 6, he sold 14,068 at $53.41 and 14,573 at $53.43 per share. The sales were automatic transactions under a Rule 10b5-1 plan adopted December 2, 2025.

What VCEL options did Joseph Anthony Mara Jr. exercise?

On November 5, 2026, Joseph Anthony Mara Jr. exercised options for 10,932 shares at an exercise price of $34.90 per share and 10,427 at $29.82. On November 6, he exercised options for 14,068 shares at $34.90 and 14,573 at $29.82.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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)
11/05/2026

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	11/05/2026		M		10,932	A	$34.9	27,118⁽¹⁾	D
Common Stock	11/05/2026		S		10,932	D⁽²⁾	$53.4	16,186⁽¹⁾	D
Common Stock	11/05/2026		M		10,427	A	$29.82	26,613⁽¹⁾	D
Common Stock	11/05/2026		S		10,427	D⁽²⁾	$53.73	16,186⁽¹⁾	D
Common Stock	11/06/2026		M		14,068	A	$34.9	30,254⁽¹⁾	D
Common Stock	11/06/2026		S		14,068	D⁽²⁾	$53.41	16,186⁽¹⁾	D
Common Stock	11/06/2026		M		14,573	A	$29.82	30,759⁽¹⁾	D
Common Stock	11/06/2026		S		14,573	D⁽²⁾	$53.43	16,186⁽¹⁾	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)
Stock Option (Right to Buy)	$34.9	11/05/2026		M		10,932		⁽³⁾	02/18/2032	Common Stock	10,932	$0	53,337	D
Stock Option (Right to Buy)	$29.82	11/05/2026		M		10,427		⁽⁴⁾	02/17/2033	Common Stock	10,427	$0	35,823	D
Stock Option (Right to Buy)	$34.9	11/06/2026		M		14,068		⁽³⁾	02/18/2032	Common Stock	14,068	$0	39,269	D
Stock Option (Right to Buy)	$29.82	11/06/2026		M		14,573		⁽⁴⁾	02/17/2033	Common Stock	14,573	$0	21,250	D

Explanation of Responses:

1. 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).

2. 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.

3. These options, representing the right to purchase 64,269 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 18, 2022, which was one quarter after the date on which the option was granted.

4. These options, representing the right to purchase 46,250 shares, became exercisable in equal quarterly installments, contingent upon continued service to the Company, with the first vesting date on May 17, 2023, which was one quarter after the date on which the option was granted.

	/s/ Sean Flynn, as Attorney-in-Fact for Joseph Mara	11/09/2026
	** 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