# EDGAR Filing Document

**Accession Number:** 0001716041
**File Stem:** 0001437749-23-002348
**Filing Date:** 2023-2
**Character Count:** 11259
**Document Hash:** fd2e104823633d2445c030941096943f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-002348.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001437749-23-002348

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Celcuity Inc.
- **CENTRAL INDEX KEY:** 0001603454
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MEDICAL LABORATORIES [8071]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90376
- **FILM NUMBER:** 23580080

**BUSINESS ADDRESS:**
- **STREET 1:** 16305 36TH AVENUE N
- **STREET 2:** SUITE 100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55446
- **BUSINESS PHONE:** 763-392-0767

**MAIL ADDRESS:**
- **STREET 1:** 16305 36TH AVENUE N
- **STREET 2:** SUITE 100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55446

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Celcuity LLC
- **DATE OF NAME CHANGE:** 20140324
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Laing Lance G.
- **CENTRAL INDEX KEY:** 0001716041

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** C/O CELCUITY, 16305 36TH AVENUE N.
- **STREET 2:** #450
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55446

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 4)\***

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| | |
|:---|:---|
| Celcuity Inc. | Celcuity Inc. |
| (Name of Issuer) | (Name of Issuer) |
| Common Stock | Common Stock |
| (Title of Class of Securities) | (Title of Class of Securities) |
|  | 15102K 100 |
|  | (CUSIP Number) |
|  | December 31, 2022 |
|  | (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).

Page 1 of 4 Pages

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**SCHEDULE 13G**

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| | |
|:---|:---|
| **CUSIP No. 15102K 100** | **Page 2 of 4 Pages** |

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| | | | | |
|:---|:---|:---|:---|:---|
| **1** | names of reporting persons | names of reporting persons | names of reporting persons |  |
|  | Lance G. Laing | Lance G. Laing | Lance G. Laing |  |
| **2** | check the appropriate box if a member of a group (see instructions)\*  | check the appropriate box if a member of a group (see instructions)\*  | check the appropriate box if a member of a group (see instructions)\*  | (a) ☐<br> (b) ☐ |
| **3** | sec use only | sec use only | sec use only |  |
| **4** | citizenship or place of organization | citizenship or place of organization | citizenship or place of organization |  |
|  | USA | USA | USA |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | sole voting power |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH |  | 1373747 |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | shared voting power |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH |  | 0 |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | sole dispositive power |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH |  | 1373747 |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | shared dispositive power |  |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH |  | 0 |  |
| **9** | aggregate amount beneficially owned by each reporting person | aggregate amount beneficially owned by each reporting person | aggregate amount beneficially owned by each reporting person |  |
|  | 1373747<sup>(1)</sup> | 1373747<sup>(1)</sup> | 1373747<sup>(1)</sup> |  |
| **10** | check if the aggregate amount in row (9) excludes certain shares (see instructions)  | check if the aggregate amount in row (9) excludes certain shares (see instructions)  | check if the aggregate amount in row (9) excludes certain shares (see instructions)  |  |
|  | ☐ | ☐ | ☐ |  |
| **11** | percent of class represented by amount in row (9) | percent of class represented by amount in row (9) | percent of class represented by amount in row (9) |  |
|  | 6.3% <sup>(2)</sup> | 6.3% <sup>(2)</sup> | 6.3% <sup>(2)</sup> |  |
| **12** | type of reporting person (see instructions) | type of reporting person (see instructions) | type of reporting person (see instructions) |  |
|  | IN | IN | IN |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes options to acquire 123,747 shares of common stock that have vested or will vest within 60 days of December 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Calculated based on 21,667,250 shares of Common Stock issued and outstanding as of December 30, 2022.

Page 2 of 4 Pages

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| | |
|:---|:---|
| **Item 1(a)** | **Name of Issuer:** |

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Celcuity Inc.

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| | |
|:---|:---|
| **Item 1(b)** | **Address of Issuer**'**s Principal Executive Offices:** |

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16305 36<sup>th</sup> Avenue North Suite 100 Minneapolis, MN 55446

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| | |
|:---|:---|
| **Item 2(a)** | **Name of Person Filing:** |

---

Lance G. Laing

---

| | |
|:---|:---|
| **Item 2(b)** | **Address of Principal Business Office or, if None, Residence:** |

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16305 36<sup>th</sup> Avenue North Suite 100 Minneapolis, MN 55446

---

| | |
|:---|:---|
| **Item 2(c)** | **Citizenship:** |

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USA<br>

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| | |
|:---|:---|
| **Item 2(d)** | **Title of Class of Securities:** |

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Common Stock

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| | |
|:---|:---|
| **Item 2(e)** | **CUSIP Number:** 15102K 100 |

---

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| | |
|:---|:---|
| **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:** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ Broker or dealer registered under Section 15 of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ Bank as defined in Section 3(a)(6) of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ☐ Insurance company as defined in Section 3(a)(19) of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

Page 3 of 4 Pages

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If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

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| | |
|:---|:---|
| **Item 4** | **Ownership<u> </u>** |

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See Cover Page, Items 5 through 11.

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| | |
|:---|:---|
| **Item 5** | **Ownership of Five Percent or Less of a Class:** |

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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 ☐.

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| | |
|:---|:---|
| **Item 6** | **Ownership of More than Five Percent on Behalf of Another Person:** |

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Not applicable.

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| | |
|:---|:---|
| **Item 7** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:** |

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Not applicable.

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| | |
|:---|:---|
| **Item 8** | **Identification and Classification of Members of the Group:** |

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Not applicable.

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| | |
|:---|:---|
| **Item 9** | **Notice of Dissolution of Group:** |

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Not applicable.

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| | |
|:---|:---|
| **Item 10** | **Certifications:** |

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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: January 31, 2023

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| |
|:---|
| /s/ Lance G. Laing |
| Lance G. Laing |

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Page 4 of 4 Pages