FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

NIGON RICHARD
2. Issuer Name and Ticker or Trading Symbol

Celcuity Inc. [ CELC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

16305 36TH AVENUE NORTH, SUITE 100
3. Date of Earliest Transaction (MM/DD/YYYY)

5/25/2022
(Street)

MINNEAPOLIS, MN 55446
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 5/25/2022  P  754 A$5.9444 91032 D  
Common Stock         20300 I By Grandchildren's Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants (right to buy) $9.5000            (1)9/22/2024 Common Stock 5061  5061 D  
Warrants (right to buy) $7.5628            (1)1/14/2026 Common Stock 4672  4672 D  
Warrants (right to buy) $7.5628            (1)5/2/2026 Common Stock 3245  3245 D  
Warrants (right to buy) $8.4208            (1)4/28/2027 Common Stock 8461  8461 D  
Warrants (right to buy) $8.4208            (1)5/17/2027 Common Stock 1429  1429 D  
Stock Option (right to buy) $5.5000            (1)10/19/2027 Common Stock 8200  8200 D  
Stock Option (right to buy) $5.5000            (1)5/14/2028 Common Stock 3201  3201 D  
Stock Option (right to buy) $5.5000            (1)5/16/2029 Common Stock 5054  5054 D  
Stock Option (right to buy) $5.1000            (1)5/14/2030 Common Stock 25308  25308 D  
Stock Option (right to buy) $5.5000            (1)5/12/2031 Common Stock 4619  4619 D  
Stock Option (right to buy) $5.5000            (2)5/17/2032 Common Stock 24449  24449 D  

Explanation of Responses:
(1) Currently exercisable.
(2) This Option will vest and become exercisable on April 30, 2023, or if earlier, the date of the Company's 2023 Annual Meeting of Stockholders.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
NIGON RICHARD
16305 36TH AVENUE NORTH
SUITE 100
MINNEAPOLIS, MN 55446
X



Signatures
/s/ Eric O. Madson as Attorney-in-Fact for Richard Nigon pursuant to Power of Attorney previously filed.5/26/2022
**Signature of Reporting PersonDate


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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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