Ceribell (CBLL) CTO exercises options, sells 11,112 shares and gets new grants
Rhea-AI Filing Summary
Ceribell, Inc. Chief Technology Officer Raymond Woo reported a mix of option exercises, stock sales, and new equity awards. On April 1, he exercised stock options for a total of 11,112 shares of common stock at exercise prices of $2.24 and $4.70 per share, then sold the same 11,112 shares in open-market transactions at prices around $18.53–$18.58. The filing notes these trades were made under a Rule 10b5-1 trading plan. Woo also received new grants: 51,227 stock options at an exercise price of $18.50 and 30,736 restricted stock units, bringing his direct common stock holdings to 197,648 shares after the transactions.
Positive
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Insights
Routine option exercise-and-sell plus new equity grants under a 10b5-1 plan.
Chief Technology Officer Raymond Woo exercised stock options for 11,112 shares of Ceribell common stock at strike prices of $2.24 and $4.70, then sold the same number of shares around $18.5 per share. This is a classic exercise-and-sell pattern.
The filing shows these sales occurred pursuant to a Rule 10b5-1 trading plan, indicating they were pre-arranged rather than timed discretionarily. Woo simultaneously received 51,227 new options at $18.50 and 30,736 RSUs, ending with 197,648 common shares held directly.
This combination of monetizing previously granted options while accepting sizable new equity awards points to routine compensation and liquidity management. The net economic exposure includes common shares plus fresh options and RSUs; no remaining unexercised options are listed in the derivative summary for this filing.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,472 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 3,025 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 6,615 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 51,227 | $0.00 | -- |
| Exercise | Common Stock | 1,472 | $2.24 | $3K |
| Sale | Common Stock | 1,472 | $18.58 | $27K |
| Exercise | Common Stock | 3,025 | $4.70 | $14K |
| Sale | Common Stock | 3,025 | $18.53 | $56K |
| Exercise | Common Stock | 6,615 | $4.70 | $31K |
| Sale | Common Stock | 6,615 | $18.57 | $123K |
| Grant/Award | Common Stock | 30,736 | $0.00 | -- |
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.35 to $18.96, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased or sold, as applicable, at each separate price within the ranges set forth in this footnote. Grant of restricted stock units ("RSUs"). The stock option is fully vested and currently exercisable. The option vests with respect to 1/48 of the shares subject thereto on each monthly anniversary of April 1, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date. The option vests with respect to 1/24 of the shares subject thereto on each monthly anniversary of April 1, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date. The shares subject to the option vest on each quarterly anniversary from May 20, 2026, subject to the Reporting Person's continued employment service relationship with the Issuer on each such vesting date.