Mara Joseph Anthony Jr 4

What Happened
Mara Joseph Anthony Jr, Chief Financial Officer of Vericel Corporation (VCEL), had restricted stock units (RSUs) convert into common shares on Feb 24, 2026 (recorded as exercise/conversion of derivative, code M). The filing shows multiple 4,625-share RSU conversion entries. To satisfy tax withholding obligations (code F), 1,358 shares were surrendered in two separate withholding transactions at fair market values of $38.09 and $38.25 per share, producing proceeds of $51,726 and $51,944 (about $103,670 total). The RSU conversions were recorded with no cash exercise price paid.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (filed within the usual 2-business-day window).
• RSU conversions listed as 4,625 shares (multiple entries) — each RSU represents a contingent right to one share (F5). No cash exercise price was paid for the vested RSUs.
• Tax withholding: two disposals of 1,358 shares each to cover withholding; amounts were ~$51,726 (at $38.09, F7) and ~$51,944 (at $38.25, F8).
• Footnotes: Vesting tied to RSU grants dated Feb 20, 2025 (remaining installments in 2027–2029, F1) and Feb 22, 2024 (remaining installments in 2027–2028, F4). Shares withheld were to satisfy tax obligations (F3). Some derivative entries list N/A for price/amounts consistent with award accounting (F6).
• Shares owned after the transactions: not stated in the provided filing data.

Context

• These transactions reflect routine RSU vesting and tax-withholding (internal administrative) — not an open-market sale or a cash purchase. When RSUs vest, companies commonly withhold a portion of shares to cover tax liabilities; such withholdings are coded F on Form 4.
• The filing shows exercise/conversion of derivative awards (code M) meaning RSUs converted to shares; because shares were withheld for taxes rather than sold on the open market, this is not a directional buy/sell signal by the insider.