VERICEL CORP

Ticker: VCEL CUSIP: 92346J108 Class: Common Stock

Madison Asset Management, LLC's Holding History (CIK: 0001299351)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 50,518 Value ($000) $1,819 Avg Close $36.74 Range $30.50 - $43.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	50,518	$1,819	$36.74	$30.50 - $43.00