Cerebras (CBRS) Director Eric Vishria Sells 68,268 Shares

What Happened
Eric Vishria, a director of Cerebras Systems, reported multiple open‑market sales on August 17, 2026 totaling 68,268 shares for aggregate proceeds of approximately $15.69 million. The filing shows six disposal transactions (details below) and an additional acquisition of 110,950 shares (coded J) at $0.00 (no cash exchanged).

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely).
• Disposals (open market/private sale):
  • 10,000 shares @ $224.20 — $2,241,976 (F2 notes weighted-average and range)
  • 300 shares @ $227.97 — $68,390 (F4 weighted-average)
  • 41,367 shares @ $228.34 — $9,445,840 (F5 weighted-average)
  • 9,276 shares @ $229.56 — $2,129,392 (F6 weighted-average)
  • 1,639 shares @ $230.10 — $377,142
  • 5,686 shares @ $250.30 — $1,423,217 (F7 weighted-average)
• Acquisition: 110,950 shares coded “J” at $0.00 (no cash) — per footnote this appears to be a pro‑rata, in‑kind distribution by Benchmark Capital Partners VIII and affiliates (F8).
• Sales were made in part by The Vishria Revocable Trust pursuant to a Rule 10b5‑1 trading plan adopted May 18, 2026 (F1). Some shares are held by entities controlled by the reporting person (F3).
• The filing provides weighted‑average prices and price ranges for grouped trades (F2–F7); the reporting person offers full per‑price details on request.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• These transactions are primarily sales (routine liquidity). The J‑coded acquisition was an in‑kind distribution, which does not necessarily signal a buy decision by the insider.
• The 10b5‑1 plan note indicates at least part of the selling was pre‑planned and executed under an established trading program.