Dean DeSantis Settles Variable Prepaid Forward Contracts for 355,374 Celsius Holdings Shares

Dean DeSantis, a greater than 10% owner of Celsius Holdings, Inc. (CELH), reported the settlement of three tranches of a variable prepaid forward sale contract originally entered into on January 19, 2023. The settlements occurred on December 19, 22, and 23, 2025, resulting in the disposition of 355,374 shares of CELH common stock. The transactions were executed through CD Financial LLC, where DeSantis serves as manager and has shared voting and dispositive power. The settlements were structured as full physical settlements where CD Financial delivered shares to the buyer and received cash payments based on predetermined pricing formulas. Following these transactions, DeSantis' indirect ownership position decreased from approximately 14.7 million shares to about 14.4 million shares. The settlements occurred at prices above the contract's cap price of $38.7911, triggering maximum cash payments to the reporting person.