Cerus CFO tax-driven share sale and stock grant
Cerus Corp Chief Financial Officer Kevin Dennis Green reported two stock transactions involving the company’s common shares.
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Rhea-AI Filing Summary
Cerus Corp Chief Financial Officer Kevin Dennis Green reported two stock transactions involving the company’s common shares. He sold 33,676 shares at a weighted average price of about $2.94 per share under a pre-set Rule 10b5-1 instruction to cover statutory tax withholding and brokerage fees tied to restricted stock unit vesting, which the footnote explains was not a discretionary sale.
On the same date, he also acquired 63,600 shares through a grant or award at no cost. Following these transactions, he directly holds 1,062,188 shares of Cerus common stock.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 63,600 | $0.00 | $0.00 |
| Sale | Common Stock | 33,676 | $2.9429 | $99K |
Footnotes (2)
- F1. Represents shares sold pursuant to an instruction intended to comply with the requirement of Rule 10b5-1 that was elected by the Reporting Person on the date of grant to cover statutory tax withholding obligations and corresponding brokerage fees in connection with the vesting of certain restricted stock units and does not represent a discretionary sale by the reporting person.
- F2. Represents a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $2.84 to $3.03 per share, 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 sold at each separate price within the aforementioned range set forth.
Key Figures
Key Terms
Rule 10b5-1 regulatory
restricted stock units financial
statutory tax withholding obligations financial
weighted average sales price financial
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What insider transactions did Cerus (CERS) CFO Kevin Green report?
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