Sec Form 13G Filing - Sullivan Brian F. filing for Celcuity Inc. (CELC) - 2024-02-07

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

Celcuity Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

15102K100

(CUSIP Number)

 

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

SCHEDULE 13G

 

CUSIP No. 15102K100

 

1	NAMES OF REPORTING PERSONS   Brian F. Sullivan
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)* (a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   USA

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   2,693,665
	6	SHARED VOTING POWER   955,000
	7	SOLE DISPOSITIVE POWER   2,693,665
	8	SHARED DISPOSITIVE POWER   955,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   3,648,665 (1)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   14.0% (2)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)   IN

 

	(1)	Includes options to acquire 527,674 shares of common stock that have vested or will vest within 60 days of December 31, 2023 and a warrant to purchase 104,340 shares of common stock.
	(2)	Calculated based on 25,506,012 shares of Common Stock issued and outstanding as of December 31, 2023.

 

 

Item 1(a)

Name of Issuer :

 

Celcuity Inc.

 

Item 1(b)

Address of Issuer’s Principal Executive Offices :

 

16305 36^th Avenue North

Suite 100

Minneapolis, MN 55446

 

Item 2(a)	Name of Person Filing :
	Brian F. Sullivan
Item 2(b)	Address of Principal Business Office or, if None, Residence:
	16305 36th Avenue North Suite 100 Minneapolis, MN 55446
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).

 

 

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	Ownership of Five Percent or Less of a Class:
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Item 6	Ownership of More than Five Percent on Behalf of Another Person:
	Not applicable.
Item 7	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
	Not applicable.
Item 8	Identification and Classification of Members of the Group:
	Not applicable.
Item 9	Notice of Dissolution of Group:
	Not applicable.
Item 10	Certifications:
	Not applicable.

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 7, 2024

 

	/s/ Brian F. Sullivan
	Brian F. Sullivan