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KOPP INVESTMENT ADVISORS LLC
> VCEL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2019 | Vericel Corp | VCEL | 198,445 | -118,634 | 3,004,000 | -2,986,000 | $15.14 |
| 06/30/2019 | Vericel Corp | VCEL | 317,079 | -73,995 | 5,990,000 | -858,000 | $18.89 |
| 03/31/2019 | Vericel Corp | VCEL | 391,074 | -6,290 | 6,848,000 | -66,000 | $17.51 |
| 12/31/2018 | Vericel Corp | VCEL | 397,364 | -2,684 | 6,914,000 | 1,253,000 | $17.40 |
| 09/30/2018 | Vericel Corp | VCEL | 400,048 | 143,391 | 5,661,000 | 3,171,000 | $14.15 |
| 06/30/2018 | Vericel Corp | VCEL | 256,657 | -2,570 | 2,490,000 | -89,000 | $9.70 |
| 03/31/2018 | Vericel Corp | VCEL | 259,227 | -33,843 | 2,579,000 | 982,000 | $9.95 |
| 12/31/2017 | Vericel Corp | VCEL | 293,070 | 208,368 | 1,597,000 | 1,089,000 | $5.45 |
| 09/30/2017 | Vericel Corp | VCEL | 84,702 | 30,662 | 508,000 | 330,000 | $6.00 |
| 06/30/2017 | Vericel Corp | VCEL | 54,040 | -1,000 | 178,000 | 24,000 | $3.29 |
| 03/31/2017 | Vericel Corp | VCEL | 55,040 | 55,040 | 154,000 | 154,000 | $2.80 |
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