Robert Bard

Insider

First SEC filing: Sept. 23, 2003 · Latest: Sept. 23, 2003

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Insider at

0 buys (P) 0 sells (S) Net: $0 + 5 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Sept. 7, 2006	VCEL	A	218,400	$1.15	$251,160	218,400 Direct	—	Acquired	-76.4% (price as of 2026-08-19)
Sept. 20, 2005	VCEL	A	20,100	—	—	20,100 Direct	—	Acquired	(price as of 2026-08-19)
May 11, 2005	VCEL	A	120,000	$2.05	$246,000	0 Direct	—	Acquired	-86.8% (price as of 2026-08-19)
Nov. 12, 2003	VCEL	A	25,000	$1.32	$33,000	25,000 Direct	—	Acquired	-79.5% (price as of 2026-08-19)
Sept. 19, 2003	VCEL	A	20,000	$1.64	$32,800	20,000 Direct	—	Acquired	-83.5% (price as of 2026-08-19)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Sept. 7, 2006	VCEL	Stock Option (right to buy)	Common Stock (218,400)	$1.15	Sept. 7, 2016	218,400	Acquired
May 11, 2005	VCEL	Stock Option (right to buy) [F1]	Common Stock (120,000)	$2.05	May 11, 2015	120,000	Acquired
Nov. 12, 2003	VCEL	Stock Option (Right to buy)	Common Stock (25,000)	$1.32	Nov. 12, 2013	25,000	Acquired
Sept. 19, 2003	VCEL	Stock Option (Right to Buy)	Common Stock (20,000)	$1.64	Sept. 19, 2013	20,000	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).