Celsius Holdings Inc (CELH)

[NewJerichoMan]

I think the ESOP was already over 5.75M shares (see image below) as of January 1, 2016. Rounding it up by 20% of the pool (existing outstanding shares + 20% increase) after the recent offering shouldn't be seen as a big deal by the market.

The 10.247M number is an oddly specific. It implies building off a base of just under 41M shares. Perhaps the base was set before DeSantis locked in his 333K shares and there is another 100K shares sold we don't know about yet? This would mean there is another Form 4 to come?