<SEC-DOCUMENT>0001140361-25-005114.txt : 20250219
<SEC-HEADER>0001140361-25-005114.hdr.sgml : 20250219
<ACCEPTANCE-DATETIME>20250219160520
ACCESSION NUMBER:		0001140361-25-005114
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250219
FILED AS OF DATE:		20250219
DATE AS OF CHANGE:		20250219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Mahoney Karen
		CENTRAL INDEX KEY:			0002055280
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35280
		FILM NUMBER:		25639899

	MAIL ADDRESS:	
		STREET 1:		64 SIDNEY STREET
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02139

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vericel Corp
		CENTRAL INDEX KEY:			0000887359
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		ORGANIZATION NAME:           	03 Life Sciences
		IRS NUMBER:				943096597
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		64 SIDNEY ST.
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02139
		BUSINESS PHONE:		7349305555

	MAIL ADDRESS:	
		STREET 1:		64 SIDNEY ST.
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02139

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AASTROM BIOSCIENCES INC
		DATE OF NAME CHANGE:	19960428
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-02-19</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000887359</issuerCik>
        <issuerName>Vericel Corp</issuerName>
        <issuerTradingSymbol>VCEL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002055280</rptOwnerCik>
            <rptOwnerName>Mahoney Karen</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VERICEL CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>64 SIDNEY STREET</rptOwnerStreet2>
            <rptOwnerCity>CAMBRIDGE</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02139</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Chief Human Resources Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>51.58</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2034-07-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>75000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Unit</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These options began vesting on July 22, 2024. On the first anniversary of the date of grant, July 22, 2025, 25% of the options shall vest and become exercisable, with the remaining 75% vesting in equal quarterly installments over three (3) years thereafter.</footnote>
        <footnote id="F2">Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock of Vericel Corporation.</footnote>
        <footnote id="F3">These RSUs vest in four annual installments with the initial vesting of RSUs granted to the Reporting Person on July 22, 2025. The remaining RSUs will vest in annual installments on July 22, 2026, July 22, 2027, and July 22, 2028, respectively.</footnote>
        <footnote id="F4">No expiration date for this type of award.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Sean Flynn, as Attorney-in-Fact for Karen Mahoney</signatureName>
        <signatureDate>2025-02-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>ef20043626_ex24-1.htm
<DESCRIPTION>EXHIBIT 24.1
<TEXT>
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      <div style="font-family: 'Times New Roman'; font-size: 10pt; text-align: right;"><font style="font-weight: bold;">Exhibit 24.1</font><br>
      </div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt; text-align: right;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">POWER OF ATTORNEY</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
      </div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">Know all by these presents, that the undersigned hereby constitutes and appoints Sean C. Flynn, and with full power of substitution, as the undersigned&#8217;s true
        and lawful attorney-in-fact to:</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
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            </td>
            <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">(1)</td>
            <td style="width: auto; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>Prepare and execute in the undersigned&#8217;s name and on the undersigned&#8217;s behalf, and submit to the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) a Form ID, including amendments thereto, and any other documents necessary or
                appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z69a9dc1ea429425aa17802d27aa925ba" class="DSPFListTable" style="width: 100%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;">

          <tr>
            <td style="width: 27pt;"><br>
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            <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">(2)</td>
            <td style="width: auto; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer and/or director of Vericel Corporation (the &#8220;Company&#8221;), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934
                and the rules thereunder;</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z5b37fa1a4a514d45aecc971ae4c1ff85" class="DSPFListTable" style="width: 100%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">(3)</td>
            <td style="width: auto; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such
                form with the SEC and any stock exchange or similar authority; and</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z3ddddcd2d6964a6e91ac21fea3bfd31e" class="DSPFListTable" style="width: 100%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;">

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            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">(4)</td>
            <td style="width: auto; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">
              <div>take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood
                that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such
                attorney-in-fact&#8217;s discretion.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper
        to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and
        confirming all that such attorney-in-fact, or such attorney-in- fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that
        the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned&#8217;s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"> <br>
      </div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned&#8217;s
        holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.</div>
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      <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'Times New Roman'; font-size: 10pt;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 12<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of
        February, 2025.</div>
      <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
      </div>
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            <tr>
              <td style="width: 20%; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-family: 'Times New Roman'; font-size: 10pt;">/s/ Karen Mahoney</font></td>
              <td style="width: 30%; padding-bottom: 2px;"><br>
              </td>
              <td style="width: 50%; padding-bottom: 2px;"><br>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; font-family: 'Times New Roman';" colspan="2">Karen Mahoney</td>
              <td style="width: 50.00%;"><br>
              </td>
            </tr>

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      </div>
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