Celcuity Inc.: Appoints director David W. Gryska

What happened Celcuity Inc. reported that on Oct 1, 2026 its board voted to increase the size of the board from 8 members to 9 and appointed David W. Gryska as a director, effective immediately, for a term through the company’s 2027 Annual Meeting and the election of his successor, or his earlier death, resignation or removal. The board determined that Mr. Gryska qualifies as an independent director pursuant to the listing standards of The Nasdaq Stock Market LLC and the rules of the U.S. Securities and Exchange Commission, and the board appointed him to the audit committee and compensation committee. The company issued a press release announcing the appointment on Oct 2, 2026.

Key details

• board increased from 8 members to 9 and appointed David W. Gryska, effective Oct 1, 2026.
• Mr. Gryska was appointed to the audit committee and compensation committee and was determined to be independent under Nasdaq and SEC rules.
• director compensation follows the company’s non-employee director program: annual cash retainer of $70,000 (payable quarterly) and an annual equity award with a fair market value of $100,000 (payable in restricted stock units, stock options, or a combination).
• upon appointment, the company granted Mr. Gryska a pro-rated annual grant of 893 restricted stock units under the 2026 Stock Incentive Plan, vesting upon the earlier of the 2027 Annual Meeting or Apr 30, 2027.

Why it may matter This report was filed under Item 5.02 (departure of directors or certain officers; election of directors) and Item 7.01 (Regulation FD disclosure, press release). The filing does not show why the insider traded or why the company acted.