Cerus (CERS) COO records 10b5-1 tax sale and 80,320-share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cerus Corp Chief Operating Officer Vivek K. Jayaraman reported both a stock grant and a tax-related sale of common shares. On March 5, 2026, he acquired 80,320 shares of common stock as a grant or award, increasing his direct holdings to 1,946,968 shares.
On March 6, 2026, he executed an open-market Rule 10b5-1 sale of 34,094 shares at a weighted average price of $2.0055 per share to cover statutory tax withholding obligations and related brokerage fees, a non-discretionary transaction that left him with 1,912,874 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 34,094 shares ($68,376)
Net Sell
2 txns
Insider
Jayaraman Vivek K
Role
Chief Operating Officer
Sold
34,094 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 34,094 | $2.0055 | $68K |
| Grant/Award | Common Stock | 80,320 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,912,874 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 a block trade 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 pursuant to such block trade.
FAQ
What insider transactions did Cerus (CERS) report for COO Vivek Jayaraman?
Cerus COO Vivek K. Jayaraman reported two Form 4 transactions: an 80,320-share stock grant on March 5, 2026, and a 34,094-share open-market sale on March 6, 2026, executed under a Rule 10b5-1 plan to cover tax withholding.
Was the Cerus COO’s Form 4 sale a discretionary transaction?
No. Footnotes state the 34,094-share sale was made under a pre-established Rule 10b5-1 instruction elected at grant solely to cover statutory tax withholding obligations and brokerage fees, and does not represent a discretionary sale by the reporting person.
What stock grant did Cerus (CERS) award to its COO in this filing?
On March 5, 2026, Cerus granted COO Vivek K. Jayaraman 80,320 shares of common stock at a reported price per share of $0.0000. The Form 4 characterizes this transaction as a grant, award, or other acquisition of non-derivative common stock.
What is the significance of Rule 10b5-1 in the Cerus COO sale?
The filing explains that the 34,094-share sale was executed under a pre-arranged Rule 10b5-1 instruction chosen at the time of grant. It was designed to automatically sell shares to cover statutory tax withholding and brokerage fees, limiting discretionary timing.