Cerebras trust plans $9.5M Class A share sale

Cerebras Systems Inc. (CBRS) is the issuer for a planned resale of 50,000 shares of Class A common stock under Rule 144 by the Vassallo Family Revocable Trust dated 7/15/02.

Rhea-AI Filing Summary

Cerebras Systems Inc. (CBRS) is the issuer for a planned resale of 50,000 shares of Class A common stock under Rule 144 by the Vassallo Family Revocable Trust dated 7/15/02. The shares are expected to be sold through Merrill Lynch on Nasdaq, with an indicated aggregate market value of about $9.52 million.

The filing also lists that the same trust sold 50,000 shares of Class A common stock on August 14, 2026 for proceeds of about $10.91 million. The shares to be sold were originally acquired in a private placement from Cerebras Systems Inc. on May 5, 2016 for cash.

Key Figures

Shares to be sold under Rule 144: 50,000 shares Aggregate market value of shares to be sold: $9,522,000 Shares sold in past 3 months: 50,000 shares +3 more

6 metrics

Shares to be sold under Rule 144 50,000 shares Class A common stock planned sale by Vassallo Family Revocable Trust

Aggregate market value of shares to be sold $9,522,000 Estimated market value for 50,000 CBRS Class A shares listed in the notice

Shares sold in past 3 months 50,000 shares Class A common stock sold on August 14, 2026 by the same trust

Proceeds from past 3-month sale $10,909,127.75 Total consideration for 50,000 CBRS shares sold on August 14, 2026

Original acquisition date May 5, 2016 Date the shares were acquired in a private placement for cash

Planned sale reference date September 4, 2026 Date associated with the Rule 144 sale information

Key Terms

Rule 144, Class A common stock, Private Placement, Nasdaq

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Class A common stock financial

"Class A common stock | Merrill Lynch 555 California Street"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Private Placement financial

"Class A common stock | 05/05/2016 | Private Placement | Issuer"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Nasdaq market

"112247109 | 09/04/2026 | Nasdaq"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

FAQ

What does the Form 144 filing disclose for Cerebras Systems Inc. (CBRS)?

It discloses that the Vassallo Family Revocable Trust dated 7/15/02 plans to sell 50,000 shares of CBRS Class A common stock under Rule 144 through Merrill Lynch on Nasdaq, with an indicated aggregate market value of about $9.52 million.

Who is selling CBRS shares in this Form 144 filing and in what amount?

The Vassallo Family Revocable Trust dated 7/15/02 is the selling holder. It intends to sell 50,000 shares of Cerebras Systems Inc. Class A common stock under Rule 144 in this notice.

At what value are the 50,000 CBRS shares referenced in the Rule 144 notice?

The 50,000 shares of CBRS Class A common stock listed for sale have an aggregate market value of about $9,522,000, based on the price reference used in the Form 144 securities information section.

What prior CBRS share sales by the trust are reported in the past 3 months?

The filing reports that on August 14, 2026, the Vassallo Family Revocable Trust sold 50,000 shares of CBRS Class A common stock, with total proceeds of about $10,909,127.75 over the past three months.

How and when were the CBRS shares originally acquired by the trust?

The shares to be sold were acquired on May 5, 2016 in a private placement directly from Cerebras Systems Inc. for cash, according to the securities acquisition details in the Form 144.

Which broker and market are involved in the planned CBRS share sale?

The planned Rule 144 sale of CBRS shares is listed as being handled by Merrill Lynch, with trades expected to occur on Nasdaq, as stated in the securities information section of the notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/04/2026 - 04:53 PM Accepted by SEC EDGAR 09/04/2026 - 04:52 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001567929
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Cerebras Systems Inc.
SEC File Number	001-43284
Address of Issuer	1237 E. Arques Avenue Sunnyvale CALIFORNIA 94085
Phone	6509334980
Name of Person for Whose Account the Securities are To Be Sold	Vassallo Family Revocable Trust dated 7/15/02
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A common stock	Merrill Lynch 555 California Street 18th Floor San Francisco CA 94104	50000	9522000	112247109	09/04/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A common stock	05/05/2016	Private Placement	Issuer			50000	05/05/2016	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Vassallo Family Revocable Trust dated 7/15/02 1237 E. Arques Avenue Sunnyvale CA 94085	Class A common stock	08/14/2026	50000	10909127.75

144: Remarks and Signature

Remarks
Date of Notice	09/04/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Steven Vassallo
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)