Cerebras CTO sells 21K shares in tax-cover trade

Rhea-AI Filing Summary

Cerebras Systems Inc. (CBRS) reported that Chief Technology Officer Sean Lie converted 616,706 shares of Class B Common Stock into an equal number of Class A shares on August 18, 2026, reflecting the Class B share feature of being convertible into Class A on a 1:1 basis with no expiration.

On the same date, he sold 21,257 shares of Class A Common Stock in multiple open-market transactions at per-share prices generally between the low $215 area and about $240. According to the disclosure, these sales were executed as a "sell to cover" to satisfy tax withholding obligations related to the settlement of restricted stock units and are described as not representing discretionary transactions.

After these transactions, Lie directly held 7,582,992 shares of Class B Common Stock, and an additional 180,600 shares of Class B Common Stock were held indirectly through his spouse, each share of Class B being convertible into one share of Class A Common Stock.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 29 txns

Insider Lie Sean

Role Chief Technology Officer

Sold 21,257 shs ($4.72M)

Approx. gross sale proceeds $4.72M

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock F1	616,706	--	--
Conversion	Class A Common Stock F1	616,706	--	--
Sale	Class A Common Stock F2	1	$214.85	$214.85
Sale	Class A Common Stock F2, F3	1,059	$215.67	$228K
Sale	Class A Common Stock F2, F4	1,807	$216.40	$391K
Sale	Class A Common Stock F2, F5	1,344	$217.58	$292K
Sale	Class A Common Stock F2, F6	1,670	$218.54	$365K
Sale	Class A Common Stock F2, F7	1,894	$219.58	$416K
Sale	Class A Common Stock F2, F8	3,723	$220.43	$821K
Sale	Class A Common Stock F2, F9	3,409	$221.47	$755K
Sale	Class A Common Stock F2, F10	1,599	$222.42	$356K
Sale	Class A Common Stock F2, F11	492	$223.54	$110K
Sale	Class A Common Stock F2, F12	202	$224.52	$45K
Sale	Class A Common Stock F2, F13	335	$225.51	$76K
Sale	Class A Common Stock F2, F14	457	$226.46	$103K
Sale	Class A Common Stock F2, F15	347	$227.37	$79K
Sale	Class A Common Stock F2, F16	95	$228.53	$22K
Sale	Class A Common Stock F2, F17	147	$229.46	$34K
Sale	Class A Common Stock F2, F18	47	$230.67	$11K
Sale	Class A Common Stock F2, F19	243	$231.57	$56K
Sale	Class A Common Stock F2, F20	277	$232.62	$64K
Sale	Class A Common Stock F2, F21	224	$233.31	$52K
Sale	Class A Common Stock F2, F22	590	$234.47	$138K
Sale	Class A Common Stock F2, F23	301	$235.50	$71K
Sale	Class A Common Stock F2, F24	203	$236.43	$48K
Sale	Class A Common Stock F2	11	$237.23	$3K
Sale	Class A Common Stock F2	9	$238.78	$2K
Sale	Class A Common Stock F2, F25	771	$240.01	$185K
holding	Class B Common Stock F1	--	--	--

Holdings After Transaction: Class B Common Stock — 7,582,992 contracts (Direct); Class A Common Stock — 595,449 shares (Direct); Class B Common Stock — 180,600 contracts (Indirect, By Spouse)

Footnotes (25)

1. F1. The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.
2. F2. These shares were sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units, resulting in the automatic conversion of the shares into Class A Common Stock immediately prior to execution of the sale. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The Reporting Person is subject to a lock-up agreement that that was entered into with underwriters in connection with the Issuer's initial public offering and expires on the earlier of (i) 6:00 a.m. Eastern Time on the second trading day following the Issuer's release of earnings for the quarter ending September 30, 2026 or (ii) November 9, 2026. The sale of shares is a permissible exemption under the terms of the lock-up agreement.
3. F3. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $215.01 to $215.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
4. F4. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $216.00 to $216.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
5. F5. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $217.00 to $217.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
6. F6. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $218.00 to $218.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
7. F7. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $219.00 to $219.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
8. F8. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $220.00 to $220.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
9. F9. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $221.00 to $221.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
10. F10. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $222.00 to $222.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
11. F11. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $223.00 to $223.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
12. F12. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $224.12 to $224.92, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
13. F13. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $225.01 to $225.98, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
14. F14. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $226.01 to $226.97, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
15. F15. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $227.01 to $227.96, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
16. F16. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $228.01 to $228.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
17. F17. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $229.00 to $229.88, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
18. F18. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $230.11 to $230.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
19. F19. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $231.12 to $231.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
20. F20. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $232.05 to $232.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
21. F21. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $233.00 to $233.92, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
22. F22. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $234.04 to $234.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
23. F23. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $235.00 to $235.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
24. F24. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $236.01 to $236.97, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
25. F25. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $240.00 to $240.01, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Key Figures

Class B shares converted: 616,706 shares Class A shares sold: 21,257 shares Lowest reported sale price: $214.85 per share +5 more

8 metrics

Class B shares converted 616,706 shares Class B Common Stock converted into an equal number of Class A on August 18, 2026

Class A shares sold 21,257 shares Total Class A Common Stock sold in multiple transactions on August 18, 2026

Lowest reported sale price $214.85 per share One of the per-share sale prices for Class A Common Stock on August 18, 2026

Highest weighted-average range endpoint $240.01 per share Upper end of a weighted-average sale price range described in the footnotes

Direct Class B holdings after transactions 7,582,992 shares Class B Common Stock directly held by Sean Lie following the reported transactions

Indirect Class B holdings by spouse 180,600 shares Class B Common Stock held indirectly through spouse, each convertible into one Class A share

Sell transactions count 26 transactions Number of reported sale transactions in the transaction summary

Derivative conversion transactions 1 transaction, 616,706 shares Conversion of Class B Common Stock into Class A Common Stock

Key Terms

Class B Common Stock, restricted stock units, sell to cover, lock-up agreement, +1 more

5 terms

Class B Common Stock financial

"The Class B Common Stock is convertible into an equal number of Class A"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

restricted stock units financial

"tax withholding obligations in connection with the settlement of restricted stock units"

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.

sell to cover financial

"to be funded by a "sell to cover" transaction and does not represent"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

lock-up agreement financial

"The Reporting Person is subject to a lock-up agreement that that was entered"

A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.

weighted average sale price financial

"represents the weighted average sale price of the shares sold ranging"

FAQ

What did Cerebras Systems (CBRS) disclose about Sean Lie’s insider transactions?

Cerebras Systems (CBRS) disclosed that Chief Technology Officer Sean Lie converted 616,706 Class B shares into Class A and sold 21,257 Class A shares on August 18, 2026, primarily in multiple open-market sales tied to tax withholding obligations on restricted stock unit settlements.

How many Cerebras Systems (CBRS) shares did Sean Lie sell, and at what prices?

Sean Lie sold 21,257 shares of Class A Common Stock of Cerebras Systems (CBRS) in multiple trades on August 18, 2026, at per-share prices generally ranging from the $215 area up to about $240, as reflected by weighted-average price ranges in the transaction footnotes.

Why were Sean Lie’s CBRS share sales executed according to the Form 4?

The Form 4 states the sales were made to cover tax withholding obligations from the settlement of restricted stock units, using a "sell to cover" transaction. It further notes that the sales do not represent discretionary transactions by Sean Lie.

What is Sean Lie’s remaining ownership in Cerebras Systems (CBRS) after these transactions?

After the August 18, 2026 transactions, Sean Lie directly held 7,582,992 shares of Class B Common Stock of Cerebras Systems (CBRS), and an additional 180,600 Class B shares were held indirectly through his spouse, each convertible into an equal number of Class A shares.

How are Cerebras Systems (CBRS) Class B shares treated relative to Class A shares?

Cerebras Systems (CBRS) Class B Common Stock is disclosed as being convertible at any time into an equal number of Class A Common Stock at the reporting person’s election, with no expiration date on this conversion right.

What does the lock-up agreement disclosure mean for Sean Lie’s CBRS trades?

The Form 4 notes that Sean Lie is subject to a lock-up agreement tied to Cerebras Systems’ initial public offering, which allows these tax-related "sell to cover" trades as a permissible exemption and otherwise runs until the earlier of an earnings-related date or November 9, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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 08/20/2026 - 08:05 PM Accepted by SEC EDGAR 08/20/2026 - 08:04 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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).

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^*

Lie Sean

(Last) (First) (Middle)

C/O CEREBRAS SYSTEMS INC.

1237 E. ARQUES AVEUNE

(Street)

SUNNYVALE CALIFORNIA 94085

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/18/2026		C		616,706(1)	A	(1)	616,706	D
Class A Common Stock	08/18/2026		S		1(2)	D	$214.85	616,705	D
Class A Common Stock	08/18/2026		S		1,059(2)	D	$215.67(3)	615,646	D
Class A Common Stock	08/18/2026		S		1,807(2)	D	$216.4(4)	613,839	D
Class A Common Stock	08/18/2026		S		1,344(2)	D	$217.58(5)	612,495	D
Class A Common Stock	08/18/2026		S		1,670(2)	D	$218.54(6)	610,825	D
Class A Common Stock	08/18/2026		S		1,894(2)	D	$219.58(7)	608,931	D
Class A Common Stock	08/18/2026		S		3,723(2)	D	$220.43(8)	605,208	D
Class A Common Stock	08/18/2026		S		3,409(2)	D	$221.47(9)	601,799	D
Class A Common Stock	08/18/2026		S		1,599(2)	D	$222.42(10)	600,200	D
Class A Common Stock	08/18/2026		S		492(2)	D	$223.54(11)	599,708	D
Class A Common Stock	08/18/2026		S		202(2)	D	$224.52(12)	599,506	D
Class A Common Stock	08/18/2026		S		335(2)	D	$225.51(13)	599,171	D
Class A Common Stock	08/18/2026		S		457(2)	D	$226.46(14)	598,714	D
Class A Common Stock	08/18/2026		S		347(2)	D	$227.37(15)	598,367	D
Class A Common Stock	08/18/2026		S		95(2)	D	$228.53(16)	598,272	D
Class A Common Stock	08/18/2026		S		147(2)	D	$229.46(17)	598,125	D
Class A Common Stock	08/18/2026		S		47(2)	D	$230.67(18)	598,078	D
Class A Common Stock	08/18/2026		S		243(2)	D	$231.57(19)	597,835	D
Class A Common Stock	08/18/2026		S		277(2)	D	$232.62(20)	597,558	D
Class A Common Stock	08/18/2026		S		224(2)	D	$233.31(21)	597,334	D
Class A Common Stock	08/18/2026		S		590(2)	D	$234.47(22)	596,744	D
Class A Common Stock	08/18/2026		S		301(2)	D	$235.5(23)	596,443	D
Class A Common Stock	08/18/2026		S		203(2)	D	$236.43(24)	596,240	D
Class A Common Stock	08/18/2026		S		11(2)	D	$237.23	596,229	D
Class A Common Stock	08/18/2026		S		9(2)	D	$238.78	596,220	D
Class A Common Stock	08/18/2026		S		771(2)	D	$240.01(25)	595,449	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	08/18/2026		C			616,706	(1)	(1)	Class A Common Stock	616,706	(1)	7,582,992	D
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	180,600		180,600	I	By Spouse

Explanation of Responses:

1. The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

2. These shares were sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of restricted stock units, resulting in the automatic conversion of the shares into Class A Common Stock immediately prior to execution of the sale. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The Reporting Person is subject to a lock-up agreement that that was entered into with underwriters in connection with the Issuer's initial public offering and expires on the earlier of (i) 6:00 a.m. Eastern Time on the second trading day following the Issuer's release of earnings for the quarter ending September 30, 2026 or (ii) November 9, 2026. The sale of shares is a permissible exemption under the terms of the lock-up agreement.

3. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $215.01 to $215.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

4. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $216.00 to $216.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

5. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $217.00 to $217.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

6. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $218.00 to $218.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

7. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $219.00 to $219.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

8. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $220.00 to $220.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

9. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $221.00 to $221.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

10. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $222.00 to $222.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

11. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $223.00 to $223.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

12. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $224.12 to $224.92, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

13. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $225.01 to $225.98, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

14. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $226.01 to $226.97, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

15. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $227.01 to $227.96, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

16. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $228.01 to $228.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

17. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $229.00 to $229.88, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

18. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $230.11 to $230.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

19. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $231.12 to $231.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

20. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $232.05 to $232.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

21. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $233.00 to $233.92, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

22. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $234.04 to $234.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

23. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $235.00 to $235.99, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

24. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $236.01 to $236.97, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

25. The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $240.00 to $240.01, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Robert Mills, Attorney-in-Fact	08/20/2026
	** Signature of Reporting Person	Date
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)