Laing Lance G. Form 4 Celcuity / Lance G. Laing ownership change

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Laing Lance G.

(Last) (First) (Middle)

16305 36TH AVENUE N.

SUITE 100

(Street)

MINNEAPOLIS MN 55446

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Celcuity Inc. [ CELC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chief Science Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								1,250,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$8.4							(1)	05/17/2027	Common Stock	16,125		16,125	D
Stock Option (right to buy)	$9.5							(1)	09/19/2027	Common Stock	4,110		4,110	D
Stock Option (right to buy)	$25.77							(2)	10/17/2028	Common Stock	1,834		1,834	D
Stock Option (right to buy)	$19.72							(3)	08/12/2029	Common Stock	50,000		50,000	D
Stock Option (right to buy)	$5.9							(4)	08/12/2030	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$10.35							(5)	12/28/2030	Common Stock	2,771		2,771	D
Stock Option (right to buy)	$14.84							(6)	02/02/2031	Common Stock	3,215		3,215	D
Stock Option (right to buy)	$15.92	03/18/2021		A		2,973		(7)	03/18/2031	Common Stock	2,973	$0	2,973	D

Explanation of Responses:

1. Fully vested.

2. 458 shares vest on 10/17/19; the remaining 1,376 shares vest 1/36th per month thereafter.

3. 12,500 shares vest on 8/12/20; the remaining 37,500 shares vest 1/36th per month thereafter.

4. 5,000 shares vest on 8/12/21; the remaining 15,000 shares vest 1/36th per month thereafter.

5. 692 shares vest on 12/29/21; the remaining 2,079 shares vest 1/36th per month thereafter.

6. 803 shares vest on 2/2/22; the remaining 2,412 shares vest 1/36th per month thereafter.

7. 743 shares vest on 3/18/22; the remaining 2,230 shares vest 1/36th per month thereafter.

Remarks:

	/s/ Eric O. Madson as attorney-in-fact for Lance G. Laing pursuant to Power of Attorney previously filed.	03/22/2021
	** 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).
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