Cerus (CERS) CFO share sale covers taxes on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cerus Corporation’s Chief Financial Officer Kevin Dennis Green reported an open-market sale of 127,544 shares of Common Stock at a weighted average price of $1.6572 per share. According to the disclosure, these shares were sold under an instruction intended to comply with Rule 10b5-1.
The filing explains the sale was elected on the date of grant to cover statutory tax withholding obligations and related brokerage fees tied to the vesting of certain restricted stock units, and is not a discretionary sale by the CFO. After this transaction, he directly holds 1,040,551 shares of Cerus common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 127,544 shares ($211,366)
Net Sell
1 txn
Insider
Green Kevin Dennis
Role
Chief Financial Officer
Sold
127,544 shs ($211K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 127,544 | $1.6572 | $211K |
Holdings After Transaction:
Common Stock — 1,040,551 shares (Direct)
Footnotes (1)
- 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. Represents a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $1.62 to $1.73 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.
FAQ
What insider transaction did Cerus (CERS) disclose in this Form 4?
Cerus disclosed that CFO Kevin Dennis Green sold 127,544 shares of Common Stock at a weighted average price of $1.6572 per share. The sale was reported as an open-market transaction in connection with restricted stock unit vesting.
Was the Cerus (CERS) CFO’s stock sale part of a pre-arranged trading plan?
Yes. The filing states the shares were sold pursuant to an instruction intended to comply with Rule 10b5-1 that was elected on the grant date, indicating a pre-arranged mechanism primarily designed to satisfy tax withholding requirements associated with restricted stock unit vesting.
Does the Cerus (CERS) Form 4 indicate any discretionary selling by the CFO?
The disclosure specifies that the transaction does not represent a discretionary sale by the reporting person. Instead, it was executed under a Rule 10b5-1 instruction established at grant to cover statutory tax withholding and brokerage fees linked to restricted stock unit vesting.