CERUS CEO logs tax-driven sale and stock grant
CERUS CORP President and CEO William Mariner Greenman reported a mix of tax-related sales and equity compensation grants in company stock.
Rhea-AI Filing Summary
CERUS CORP President and CEO William Mariner Greenman reported a mix of tax-related sales and equity compensation grants in company stock. He sold 101,919 shares of common stock at a weighted average price of $2.94 per share under a pre-arranged Rule 10b5-1 instruction to cover statutory tax withholding and brokerage fees tied to vesting restricted stock units, which the disclosure notes was not a discretionary sale. He also received a grant or award of 192,500 shares of common stock at no cost. Following these transactions, he directly holds 5,053,036 shares of CERUS common stock.
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Insights
CERUS CEO reports routine tax sale plus stock grant, retaining a large stake.
The CEO, William Mariner Greenman, sold 101,919 CERUS shares at a weighted average of $2.94 per share. A footnote explains this sale was executed under a Rule 10b5-1 instruction solely to cover statutory tax withholding and brokerage fees from vesting restricted stock units.
He simultaneously acquired 192,500 shares via a grant at $0.00 per share, increasing his direct ownership to 5,154,955 shares. The net effect is a modest increase in share count, with the sale characterized as non-discretionary and tax-driven, suggesting a routine compensation-related event rather than an active change in market view.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 192,500 | $0.00 | $0.00 |
| Sale | Common Stock | 101,919 | $2.9429 | $300K |
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
weighted average sales price financial
statutory tax withholding obligations financial
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