Ceribell (CBLL) CEO logs small share sale to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ceribell, Inc. President and CEO Chao Xingjuan reported a small share sale mainly for tax purposes. On the Form 4 date, she sold 6,030 shares of common stock at $18.00 per share to cover tax withholding obligations tied to vesting restricted stock units. After this transaction, she directly holds 830,317 shares and may be deemed to beneficially own 369,088 additional shares indirectly through the ACP 2021 Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,030 shares ($108,540)
Net Sell
2 txns
Insider
Chao Xingjuan
Role
President and CEO
Sold
6,030 shs ($109K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,030 | $18.00 | $109K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 830,317 shares (Direct, null);
Common Stock — 369,088 shares (Indirect, By ACP 2021 Trust)
Footnotes (1)
- These shares were sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). The Reporting Person is a co-trustee of the ACP 2021 Trust, and therefore may be deemed to share beneficial ownership of these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
Key Figures
Shares sold: 6,030 shares
Sale price: $18.00 per share
Direct holdings after transaction: 830,317 shares
+1 more
4 metrics
Shares sold
6,030 shares
Common stock sold to cover RSU tax withholding
Sale price
$18.00 per share
Price for 6,030 common shares sold
Direct holdings after transaction
830,317 shares
Common stock held directly by CEO after sale
Indirect trust holdings
369,088 shares
Common stock held by ACP 2021 Trust
Key Terms
restricted stock units, tax withholding obligations, beneficial ownership, co-trustee
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations in connection"
beneficial ownership financial
"may be deemed to share beneficial ownership of these securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
co-trustee financial
"The Reporting Person is a co-trustee of the ACP 2021 Trust"
FAQ
What insider transaction did Ceribell (CBLL) report for CEO Chao Xingjuan?
Ceribell reported that CEO Chao Xingjuan sold 6,030 shares of common stock at $18.00 per share. The sale was made to cover tax withholding obligations arising from vesting restricted stock units, a routine administrative transaction rather than a discretionary open-market sale.
What is the ACP 2021 Trust mentioned in the Ceribell (CBLL) Form 4 filing?
The ACP 2021 Trust holds 369,088 Ceribell common shares reported as indirect holdings for CEO Chao Xingjuan. She is a co-trustee and may be deemed to share beneficial ownership, while also disclaiming beneficial ownership beyond her pecuniary interest in those securities.