Mara Joseph Anthony Jr 4

What Happened
Mara Joseph Anthony Jr, Chief Financial Officer of Vericel Corp (VCEL), sold 5,000 shares on May 7, 2026 at $40.50 per share, generating proceeds of $202,500. This was a sale (not a purchase or option exercise) and does not by itself indicate a change in company fundamentals.

Key Details

• Transaction date and terms: 2026-05-07 — sale of 5,000 shares at $40.50 per share (total $202,500).
• Transaction type/code: Sale (S); listed as open market or private sale, and footnoted as executed under a Rule 10b5‑1 trading plan.
• Filing date/timeliness: Form 4 filed 2026-05-08 (timely; within the usual 2‑business‑day SEC deadline).
• Shares owned after transaction: Not specified in the transaction details provided here.
• Footnotes of note: (F1) Sale effected automatically under a 10b5‑1 plan adopted Dec 2, 2025. (F2) Reported holdings include shares acquired via the issuer’s 2015 ESPP that were exempt under Rule 16b‑3 provisions.

Context
Sales executed under a pre-established 10b5‑1 plan are automatic trades set up in advance and are typically treated as routine (they reduce the likelihood the sale was based on contemporaneous, nonpublic information). For retail investors, purchases generally convey stronger direct signals than routine insider sales; this Form 4 documents a scheduled sale by the CFO rather than an opportunistic or exceptional transaction.