Cerus (CERS) awards 264,000 restricted stock units to its CMO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cerus Corp’s chief medical officer, Benjamin Richard J, reported an equity grant on Form 4. On March 2, 2026, he acquired 264,000 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share. Following this award, he directly holds 949,775 common shares. Each RSU converts into one share and vests in two installments: 34% on March 12, 2027 and 66% on March 12, 2028, subject to his continuous service with Cerus through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benjamin Richard J
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 264,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 949,775 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cerus (CERS) report for its chief medical officer?
Cerus reported an equity award to its chief medical officer on Form 4. On March 2, 2026, he received 264,000 restricted stock units of Cerus common stock at a stated price of $0.00 per share, increasing his direct holdings to 949,775 shares.
How many RSUs were granted to Cerus (CERS) chief medical officer Benjamin Richard J?
Benjamin Richard J received a grant of 264,000 restricted stock units. Each RSU represents the right to receive one share of Cerus common stock, so the award, once fully vested and settled, could add 264,000 shares to his beneficial holdings, subject to vesting conditions.
What is the vesting schedule for the 264,000 Cerus (CERS) RSUs granted to the CMO?
The 264,000 RSUs vest in two annual tranches. According to the filing, 34% of the grant vests on March 12, 2027, and the remaining 66% vests on March 12, 2028, assuming continuous service with Cerus through each vesting date.
Are the Cerus (CERS) RSUs granted to the chief medical officer subject to service conditions?
Yes, the RSUs are service-based awards. The filing states vesting occurs only if the chief medical officer maintains continuous service with Cerus through March 12, 2027 for the first tranche and March 12, 2028 for the second, larger tranche.
Does the Cerus (CERS) Form 4 indicate a stock purchase or an equity award?
The Form 4 indicates an equity award, not an open-market purchase. The transaction is coded as a grant or award acquisition (code A), with 264,000 shares acquired at $0.00 per share in the form of restricted stock units subject to future vesting.