Insider Brian Sullivan Holds 16.9% Stake in Celcuity Inc.

TL;DR

**Insider Brian Sullivan still owns 16.9% of Celcuity, showing strong conviction.**

AI Summary

Brian F. Sullivan, a significant insider, has updated his beneficial ownership in Celcuity Inc. (NASDAQ: CELC) as of December 31, 2023. He now beneficially owns an aggregate of 3,648,665 shares of Common Stock, representing 16.9% of the company. This includes 2,693,665 shares with sole voting and dispositive power, and 955,000 shares with shared voting and dispositive power. This matters to investors because it shows a key insider maintains a substantial stake, which can signal confidence in the company's future, but also means a large block of shares could potentially be sold, impacting the stock price.

Why It Matters

A major insider, Brian F. Sullivan, continues to hold a significant 16.9% ownership in Celcuity Inc., indicating his continued vested interest in the company's performance and strategic direction.

Risk Assessment

Risk Level: medium — While a large insider stake can signal confidence, it also means a significant block of shares could be sold, potentially creating downward pressure on the stock.

Analyst Insight

Investors should note that a key insider, Brian F. Sullivan, maintains a substantial 16.9% stake in Celcuity Inc. This could be interpreted as a sign of confidence, but also represents a large block of shares that could impact market dynamics if sold. Monitor future filings for any significant changes in his ownership.

Key Numbers

• 3,648,665 — Aggregate Shares Owned (Total shares of Celcuity Inc. Common Stock beneficially owned by Brian F. Sullivan as of December 31, 2023.)
• 16.9% — Percentage of Class (The percentage of Celcuity Inc.'s Common Stock beneficially owned by Brian F. Sullivan.)
• 2,693,665 — Sole Voting/Dispositive Power (Shares over which Brian F. Sullivan has complete control.)
• 955,000 — Shared Voting/Dispositive Power (Shares over which Brian F. Sullivan shares control with others.)

Key Players & Entities

• Brian F. Sullivan (person) — Reporting Person, beneficial owner of Celcuity Inc. shares
• Celcuity Inc. (company) — The Issuer of the Common Stock
• 3,648,665 (dollar_amount) — Aggregate amount of shares beneficially owned by Brian F. Sullivan
• 16.9% (dollar_amount) — Percentage of Celcuity Inc. Common Stock beneficially owned by Brian F. Sullivan
• 2,693,665 (dollar_amount) — Shares with sole voting and dispositive power held by Brian F. Sullivan
• 955,000 (dollar_amount) — Shares with shared voting and dispositive power held by Brian F. Sullivan
• December 31, 2023 (date) — Date of event requiring the filing of this statement

Forward-Looking Statements

• Brian F. Sullivan will maintain a significant ownership stake in Celcuity Inc. for the foreseeable future. (Brian F. Sullivan) — high confidence, target: 2025-12-31
• Celcuity Inc.'s stock price will likely be influenced by any future changes in Brian F. Sullivan's beneficial ownership. (Celcuity Inc.) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• formsc13ga.htm (SC 13G/A) — 70KB
• 0001493152-24-005274.txt ( ) — 71KB

(b)

Item 2(b) Address of Principal Business Office or, if None, Residence: 16305 36 th Avenue North Suite 100 Minneapolis, MN 55446

(c)

Item 2(c) Citizenship: USA Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 15102K100 Item 3 If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act. (b) Bank as defined in Section 3(a)(6) of the Act. (c) Insurance company as defined in Section 3(a)(19) of the Act. (d) Investment company registered under Section 8 of the Investment Company Act of 1940. (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). Page 3 of 5 Pages If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4 Ownership See Cover Page, Items 5 through 11. Includes (a) 1,830,318 shares of Common Stock held directly by Mr. Sullivan, including 632,022 shares of Common Stock of which Mr. Sullivan has the right to acquire beneficial ownership within 60 days of December 31, 2023; (b) 863,347 shares of Common Stock held through a trust of which Mr. Sullivan has sole voting and dispositive power and (c) 955,000 shares of Common Stock held by Mr. Sullivan’s spouse of which he has shared voting and dispositive power. Item 5 of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of

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