Cerus (CERS) CFO receives 300,000 restricted stock units equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Green Kevin Dennis reported acquisition or exercise transactions in this Form 4 filing.
Cerus Corporation’s Chief Financial Officer Kevin Dennis Green reported an award of 300,000 restricted stock units, each representing one share of common stock. The grant was at no cash cost to him and increases his direct holdings to 1,187,262 shares, including prior employee stock purchase plan shares.
The RSUs vest in two stages: 34% on March 12, 2027 and 66% on March 12, 2028, conditioned on his continued service with the company through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Green Kevin Dennis
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 300,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,187,262 shares (Direct)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs vest in two annual installments with 34% of the grant vesting on March 12, 2027, and 66% of the grant vesting on March 12, 2028, subject to the Reporting Person's continuous service to the Issuer through such vesting date. Includes 5,837 and 5,558 shares purchased under Issuer's Employee Stock Purchase Plan on 08/29/25 and 02/27/26, respectively.
FAQ
What insider transaction did Cerus (CERS) report for its CFO?
Cerus reported its CFO, Kevin Dennis Green, received 300,000 restricted stock units. Each RSU represents a right to one share of common stock, granted at no cash cost, as part of his equity compensation package.
What are the vesting terms of the Cerus (CERS) CFO’s 300,000 RSUs?
The 300,000 Cerus RSUs vest in two annual installments. Thirty‑four percent vests on March 12, 2027 and sixty‑six percent vests on March 12, 2028, subject to the CFO’s continuous service with the company through each vesting date.
Does the Cerus (CERS) CFO have to pay for the 300,000 RSUs granted?
No, the 300,000 restricted stock units were granted at a stated price of $0.0000 per share. This reflects an equity compensation award rather than an open‑market purchase requiring the CFO to pay cash for the shares.
Is the Cerus (CERS) CFO’s Form 4 transaction a buy or a sale?
The transaction is an acquisition through a grant of restricted stock units, not an open‑market buy or sale. It is reported with code “A,” meaning a grant, award, or other acquisition of securities as part of compensation.