Director’s trusts move Ceribell (CBLL) shares in Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ceribell, Inc. director Josef Parvizi, through the Josef Parvizi Trust, sold 16,714 shares of common stock in open-market transactions on February 19, 2026 under a Rule 10b5-1 trading plan adopted on August 18, 2025.
The weighted average sale price was $20.27 per share, with individual trades between $20.00 and $20.77. Following the sale, the Josef Parvizi Trust held 722,652 shares. Separate Innovation ACP Trust and ACP 2021 Trust holdings were 907,911 and 369,088 shares, respectively, where Parvizi is a co-trustee and may be deemed to share beneficial ownership but disclaims it except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,714 shares ($338,793)
Net Sell
3 txns
Insider
Parvizi Josef
Role
Director
Sold
16,714 shs ($339K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,714 | $20.27 | $339K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 722,652 shares (Indirect, By Josef Parvizi Trust)
Footnotes (1)
- The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 18, 2025. The Reporting Person is the sole trustee of the Josef Parvizi Trust, and therefore may be deemed to have beneficial ownership of these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20 to $20.77, 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. The Reporting Person is a co-trustee of the Innovation ACP Trust, and therefore may be deemed to share beneficial ownership of these securities. The Reporting Person is a co-trustee of the ACP 2021 Trust, and therefore may be deemed to share beneficial ownership of these securities.
FAQ
What insider transaction did Ceribell (CBLL) report for Josef Parvizi?
Ceribell reported that director Josef Parvizi’s trust sold 16,714 shares of common stock in open-market transactions. The trades occurred on February 19, 2026 under a pre-established Rule 10b5-1 trading plan adopted on August 18, 2025.
What is the role of Rule 10b5-1 in this Ceribell (CBLL) insider sale?
The transaction was executed under a Rule 10b5-1 trading plan adopted on August 18, 2025. Such plans allow insiders to prearrange trades according to set instructions, providing a structured framework for selling shares over time.