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Cellectis S.A.

For the period ended Dec 31, 2025. Filed Mar 20, 2026.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2025 · Filed Mar 20, 2026

CLLS$1.07+3.9%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended December 31,2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report .

For the transition period from to .

Commission file number 001-36891

CELLECTIS S.A.

(Exact name of Registrant as specified in its charter)

(Translation of Registrant’s name into English)

France

(Jurisdiction of incorporation or organization)

8, rue de la Croix Jarry

75013 Paris, France

(Address of principal executive offices)

Marie-Bleuenn Terrier General Counsel

8, rue de la Croix Jarry

75013 Paris, France

Tel: +33 (0)181 69 16 00, Fax:+33 (0)1 81 69 16 06

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered pursuant to Section 12(b) of the Act.

Title of each classTradingSymbolName of each exchange on which registered
American Depositary Shares, each representing one“CLLS”Nasdaq Global Market
Ordinary shares, nominal value €0.05 per share*Nasdaq Global Market*

*Not for trading, but only in connection with the registration of the American Depositary Shares.

Securities registered pursuant to Section 12(g) of the Act.

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

None

Indicate the number of outstanding shares of the issuer's classes of capital stock as of the close of the period covered by the annual report.

Outstanding capital stock as of December 31, 2025: 100,339,441 shares, nominal value €0.05 per share, comprising 72,339,441 ordinary shares,10,000,000 class A convertible preferred shares (with voting rights) and 18,000,000 class B convertible preferred shares (with no voting rights).

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark, if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐No ☒

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer”, “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☒
Non-accelerated filer☐Emerging Growth Company☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included on the filing reflect the correction of an error to previously issued financial statements☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐International Financial Reporting Standards as issuedby the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow: Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ☐ Yes ☐ No

TABLE OF CONTENTS

PAGE
INTRODUCTION2
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS3
PART I
Item 1.Identity of Directors, Senior Management and Advisers5
Item 2.Offer Statistics and Expected Timetable5
Item 3.Key Information5
Item 4.Information on the Company40
Item 4A.Unresolved Staff Comments73
Item 5.Operating and Financial Review and Prospects74
Item 6.Directors, Senior Management and Employees89
Item 7.Major Shareholders and Related Party Transactions98
Item 8.Financial Information102
Item 9.The Offer and Listing102
Item 10.Additional Information103
Item 11.Quantitative and Qualitative Disclosures About Market Risk112
Item 12.Description of Securities Other than Equity Securities112
PART II
Item 13.Defaults, Dividend Arrearages and Delinquencies115
Item 14.Material Modifications to the Rights of Security Holders and Use of Proceeds115
Item 15.Controls and Procedures115
Item 16.Reserved115
Item 16A.Audit Committee Financial Expert115
Item 16B.Code of Ethics115
Item 16C.Principal Accountant Fees and Services115
Item 16D.Exemptions from the Listing Standards for Audit Committees116
Item 16E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers116
Item 16F.Change in Registrant’s Certifying Accountant116
Item 16G.Corporate Governance116
Item 16H.Mine Safety Disclosure117
Item 16I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections117
Item 16J.Insider Trading Policies117
Item 16H.Cybersecurity117
PART III
Item 17.Financial Statements119
Item 18.Financial Statements119
Item 19.Exhibits119
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.