Foehr David 4

What Happened
David Foehr, Senior Vice President, Finance and PAO at Ceribell, exercised stock option rights and sold the resulting shares on Feb 3, 2026. He exercised 3,403 shares (strike $4.70) and 2,153 shares (strike $4.70), paying $15,994 and $10,119 respectively (total strike cost $26,113). He then sold those 3,403 and 2,153 shares in open-market transactions at $20.00 per share, generating gross proceeds of $68,060 and $43,060 (total ~$111,120). The combined transactions appear to be a same-day exercise-and-sell (cashless-style) disposition.

Key Details

• Transaction date: February 3, 2026. Sales executed at $20.00/share; exercises at $4.70/share.
• Shares involved: 3,403 + 2,153 = 5,556 shares sold; gross proceeds ~$111,120; strike costs paid ~$26,113 (net proceeds before taxes/fees ≈ $85,007).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Sales were made under a Rule 10b5-1 trading plan adopted Sept 4, 2025 (pre-arranged plan). Option vesting schedule: 25% vested May 31, 2023; remaining vests monthly over 36 months subject to continued service.
• Filing: Report filed Feb 5, 2026 for a Feb 3, 2026 transaction — filed within the typical Form 4 reporting window.

Context
This was an exercise of options followed by immediate open-market sales (a routine way for insiders to monetize vested option gains). The 10b5-1 plan means the sales were pre-scheduled, which is common and does not by itself indicate a change in the insider’s view of the company.