Vericel Corp — Director's Dealing 2026

Feb 20, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vericel Corp (VCEL)
CIK: 0000887359
Period of Report: 2026-02-18

Reporting Person: Mara Joseph Anthony Jr (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-18	Common Stock	M	4625	—	Acquired	18929	Direct
2026-02-18	Common Stock	F	1505	$36.82	Disposed	17424	Direct
2026-02-18	Common Stock	M	2755	—	Acquired	20179	Direct
2026-02-18	Common Stock	F	809	$37.41	Disposed	19370	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-18	Restricted Stock Unit	$	M	4625	Acquired		Common Stock (4625)	Direct
2026-02-18	Restricted Stock Unit	$	M	2755	Acquired		Common Stock (2755)	Direct
2026-02-19	Stock Option (Right to Buy)	$38.17	A	46250	Acquired	2036-02-19	Common Stock (46250)	Direct
2026-02-19	Restricted Stock Unit	$	A	18500	Acquired		Common Stock (18500)	Direct

Footnotes

F1: The shares of common stock were acquired by the Reporting Person as a result of the vesting of Restricted Stock Units (RSUs) granted to the Reporting Person on February 17, 2023. The remaining RSUs will vest on February 17, 2027.

F2: These shares include shares acquired pursuant to the Issuer's 2015 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F3: These shares were withheld by the Issuer to satisfy the tax withholding requirements in connection with the vesting of RSUs.

F4: The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on February 18, 2022.

F5: Each RSU represents a contingent right to receive one share of common stock of Vericel Corporation.

F6: No expiration date for this type of award.

F7: The Fair Market Value of the vested derivative securities is $36.82 per share.

F8: The Fair Market Value of the vested derivative securities is $37.41 per share.

F9: These options shall begin vesting on February 19, 2026 and shall continue to vest and become exercisable in equal quarterly installments over the course of the following four (4) year period.

F10: These RSUs vest in four annual installments with the initial vesting of RSUs granted to the Reporting Person on February 19, 2027. The remaining RSUs will vest in annual installments on February 19, 2028, February 19, 2029, and February 19, 2030, respectively.