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Cerebras (NASDAQ: CBRS) director sells 68K, gets 111K shares

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Cerebras Systems Inc. (CBRS) director Eric Vishria reported multiple indirect transactions in Class A Common Stock on August 17, 2026. Entities he controls, including The Vishria Revocable Trust, sold 68,268 shares in open-market transactions under a Rule 10b5-1 trading plan at weighted-average prices in the mid-$220s to $250 per share. On the same date, entities associated with him received 110,950 shares at no additional consideration through a pro-rata, in-kind distribution from Benchmark Capital Partners VIII, L.P. and affiliated funds.

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Insider Vishria Eric
Role Director
Sold 68,268 shs ($15.69M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2, F3 10,000 $224.1976 $2.24M
Sale Class A Common Stock F1, F4, F3 300 $227.9667 $68K
Sale Class A Common Stock F1, F5, F3 41,367 $228.3424 $9.45M
Sale Class A Common Stock F1, F6, F3 9,276 $229.5593 $2.13M
Sale Class A Common Stock F1, F3 1,639 $230.105 $377K
Sale Class A Common Stock F1, F7, F3 5,686 $250.302 $1.42M
Other Class A Common Stock F8, F3 110,950 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 142,333 shares (Indirect, See Footnote)
Footnotes (8)
  1. F1. These shares were sold by The Vishria Revocable Trust pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 18, 2026.
  2. F2. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $224.00 to a high of $224.49, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
  3. F3. Shares are held by entities controlled by the reporting person.
  4. F4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $227.95 to a high of $227.975, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
  5. F5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $228.00 to a high of $228.925, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
  6. F6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $229.03 to a high of $229.76, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
  7. F7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $250.00 to a high of $250.69, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
  8. F8. Represents a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P. and its affiliated funds, not for additional consideration, to its partners, including their respective members and assignees.
Shares sold 68,268 shares Total Class A Common Stock shares sold indirectly on August 17, 2026
Shares received in distribution 110,950 shares Pro-rata, in-kind distribution from Benchmark Capital Partners VIII, L.P. and affiliates
Weighted-average sale price $224.1976 per share One series of August 17, 2026 sales; actual prices $224.00–$224.49
Weighted-average sale price $250.3020 per share Another series of August 17, 2026 sales; actual prices $250.00–$250.69
10b5-1 plan adoption date May 18, 2026 Adoption date of Rule 10b5-1 trading plan used for the reported sales
Rule 10b5-1 trading plan regulatory
"These shares were sold by The Vishria Revocable Trust pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted-average sale price financial
"Represents the weighted-average sale price per share of a series of transactions"
pro-rata, in-kind distribution financial
"Represents a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P."
indirect ownership financial
"Shares are held by entities controlled by the reporting person."

FAQ

What insider transactions did CBRS report for Eric Vishria on August 17, 2026?

On August 17, 2026, entities associated with CBRS director Eric Vishria sold 68,268 Class A shares and received 110,950 shares via a non-cash, in-kind distribution. The sales were executed indirectly through entities he controls, including a revocable trust.

How many CBRS (Cerebras Systems Inc.) shares were sold in the reported Form 4?

Entities associated with CBRS director Eric Vishria sold a total of 68,268 Class A Common Stock shares. These were reported as indirect, open-market sales executed on August 17, 2026, at various weighted-average prices under a Rule 10b5-1 trading plan.

At what prices were the CBRS shares sold in Eric Vishria’s August 17, 2026 transactions?

The reported CBRS share sales occurred at weighted-average prices such as $224.1976 and $250.3020 per share. Footnotes state that actual trade prices ranged between $224.00–$250.69 across multiple executions on August 17, 2026.

What is the 110,950-share transaction reported for CBRS director Eric Vishria?

Entities associated with Eric Vishria acquired 110,950 CBRS shares through a pro-rata, in-kind distribution from Benchmark Capital Partners VIII, L.P. and affiliated funds. The distribution occurred on August 17, 2026 and was reported as not involving additional consideration.

Were Eric Vishria’s CBRS share sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were made by The Vishria Revocable Trust pursuant to a Rule 10b5-1 trading plan. The plan was adopted by the reporting person on May 18, 2026, indicating the sales followed a pre-arranged trading program.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Vishria Eric

(Last)(First)(Middle)
C/O BENCHMARK
2965 WOODSIDE ROAD

(Street)
WOODSIDE CALIFORNIA 94062

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Cerebras Systems Inc. [ CBRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock08/17/2026S(1)10,000D$224.1976(2)89,651ISee Footnote(3)
Class A Common Stock08/17/2026S(1)300D$227.9667(4)89,351ISee Footnote(3)
Class A Common Stock08/17/2026S(1)41,367D$228.3424(5)47,984ISee Footnote(3)
Class A Common Stock08/17/2026S(1)9,276D$229.5593(6)38,708ISee Footnote(3)
Class A Common Stock08/17/2026S(1)1,639D$230.10537,069ISee Footnote(3)
Class A Common Stock08/17/2026S(1)5,686D$250.302(7)31,383ISee Footnote(3)
Class A Common Stock08/17/2026J(8)110,950A$0.00142,333ISee Footnote(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These shares were sold by The Vishria Revocable Trust pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 18, 2026.
2. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $224.00 to a high of $224.49, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
3. Shares are held by entities controlled by the reporting person.
4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $227.95 to a high of $227.975, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $228.00 to a high of $228.925, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $229.03 to a high of $229.76, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on August 17, 2026. The actual sale prices ranged from a low of $250.00 to a high of $250.69, inclusive. The Reporting Person undertakes to provide upon request of the SEC Staff, Cerebras Systems Inc. or any security holder of Cerebras Systems Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
8. Represents a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P. and its affiliated funds, not for additional consideration, to its partners, including their respective members and assignees.
/s/ An-Yen Hu, by power of attorney for Eric Vishria08/19/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)