Witney Frank 4

What Happened

• Witney Frank, a director of Cerus Corp (CERS), received an award of 60,000 restricted stock units (RSUs) on 2026-06-02. The RSUs were granted with a reported acquisition price of $0.00 (no cash paid at grant), and the filing shows total reported value $0 for the grant.
• This is an equity compensation grant (award), not an open-market purchase or sale—typically a routine compensation event rather than a direct bullish or bearish market signal.

Key Details

• Transaction date: 2026-06-02; Price per share for the award: $0.00 (RSU grant).
• Shares awarded: 60,000 RSUs (each RSU represents a contingent right to one share).
• Shares owned after transaction: Not specified in this filing.
• Footnote: RSUs were granted under the Issuer’s 2024 Equity Incentive Plan. Vesting occurs on the earlier of the first anniversary of the grant or the day prior to the next annual meeting of stockholders, subject to the reporting person’s continuous service.
• Filing timeliness: Reported on 2026-06-02 (same date as the transaction), indicating a timely Form 4.

Context

• RSUs are a form of deferred equity compensation: they do not require cash payment at grant and convert to actual shares only upon vesting (subject to service and plan conditions). Such awards are common for directors and employees and are generally considered routine compensation rather than a direct trading signal.