MARA JOSEPH ANTHONY JR (Chief Financial Officer) exercised options at VERICEL CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

MARA JOSEPH ANTHONY JR

Filed: 2/20/2026ACC: 0001140361-26-006311

InsiderMARA JOSEPH ANTHONY JRCIK 1841148

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IssuerVERICEL CORPCIK 887359

Officer· Chief Financial Officer

Since Jan 2021

+77.20K

Net shares

Net buyer

$85.7K

Total sold

Open market trades

0B · 0S

Total transactions

79.51K acquired · 2.31K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+4.63K

Price / share

—

Trade value

—

% of position

32.3%

2/18/2026

14.30K→18.93K

Common Stock

Direct

F · Tax Withholding

−1.50K

Price / share

$36.82

Trade value

$55.41K

% of position

8.0%

2/18/2026

18.93K→17.42K

Common Stock

Direct

M · Option Exercise

+2.75K

Price / share

—

Trade value

—

% of position

15.8%

2/18/2026

17.42K→20.18K

Common Stock

Direct

F · Tax Withholding

−809.00

Price / share

$37.41

Trade value

$30.26K

% of position

4.0%

2/18/2026

20.18K→19.37K

Total

Net shares

+5.07K

Net value

-$85.68K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/18/2026	M · Option Exercise	+4.63K	—	—	32.3%	14.30K	18.93K
Common Stock Direct	2/18/2026	F · Tax Withholding	−1.50K	$36.82	$55.41K	8.0%	18.93K	17.42K
Common Stock Direct	2/18/2026	M · Option Exercise	+2.75K	—	—	15.8%	17.42K	20.18K
Common Stock Direct	2/18/2026	F · Tax Withholding	−809.00	$37.41	$30.26K	4.0%	20.18K	19.37K
Total			+5.07K		-$85.68K

Derivative Transactions4

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

4.63K shares

+4.63K

Strike price

Held after

4.63K

Exercisable

—

2/18/2026

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

2.75K shares

+2.75K

Strike price

Held after

0.00

Exercisable

—

2/18/2026

Stock Option (Right to Buy)

Direct

A · Award

Converts to

Common Stock

46.25K shares

+46.25K

Strike price

38.17

Held after

46.25K

Exercisable

—

2/19/2026

Restricted Stock Unit

Direct

A · Award

Converts to

Common Stock

18.50K shares

+18.50K

Strike price

Held after

18.50K

Exercisable

—

2/19/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Unit Direct	Common Stock4.63K shares	2/18/2026	M · Option Exercise	+4.63K		—	4.63K
Restricted Stock Unit Direct	Common Stock2.75K shares	2/18/2026	M · Option Exercise	+2.75K		—	0.00
Stock Option (Right to Buy) Direct	Common Stock46.25K shares	2/19/2026	A · Award	+46.25K	38.17	—	46.25K
Restricted Stock Unit Direct	Common Stock18.50K shares	2/19/2026	A · Award	+18.50K		—	18.50K