Cerus Corp (CERS) CMO sells 101,740 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CERUS CORP Chief Medical Officer Benjamin Richard J reported an open-market sale of 101,740 shares of Common Stock at a weighted average price of $1.6572 per share. After this transaction, he directly holds 777,361 shares.
According to the footnotes, these shares were sold under an instruction intended to comply with Rule 10b5-1 that was elected on the grant date to cover statutory tax withholding obligations and related brokerage fees tied to the vesting of restricted stock units, and are described as not a discretionary sale. The sales occurred in multiple trades at prices ranging from $1.62 to $1.73 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 101,740 shares ($168,604)
Net Sell
1 txn
Insider
Benjamin Richard J
Role
Chief Medical Officer
Sold
101,740 shs ($169K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 101,740 | $1.6572 | $169K |
Holdings After Transaction:
Common Stock — 777,361 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 CORP (CERS) report for Benjamin Richard J?
CERUS CORP reported that Chief Medical Officer Benjamin Richard J sold 101,740 shares of Common Stock. The sale was executed as an open-market transaction linked to restricted stock unit vesting and related tax obligations, according to the explanatory footnotes.
Was the CERUS CORP insider sale under a Rule 10b5-1 trading plan?
Yes. Footnotes explain the shares were sold pursuant to an instruction intended to comply with Rule 10b5-1, elected on the grant date. The instruction covered statutory tax withholding obligations and brokerage fees from vesting restricted stock units.
Did the CERUS CORP CMO’s sale represent a discretionary decision to sell CERS stock?
Footnotes state the sale does not represent a discretionary sale by the reporting person. Instead, it was executed under a pre-established instruction to cover statutory tax withholding and brokerage fees linked to the vesting of restricted stock units.