Chao Xingjuan 4

What Happened

• Chao Xingjuan, Ceribell’s President & CEO and a director, exercised stock options and sold company shares on June 8, 2026. She acquired 25,000 shares by exercising options (1,446 + 23,554) at $4.70 per share (total cost $117,500) and sold a total of 39,000 shares (14,000 + 1,446 + 23,554) in open-market transactions at a weighted average price of $18.33, generating proceeds of about $714,870. The transactions were effected under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-06-08; Form 4 filed 2026-06-10 (timely).
• Exercise (code M): 1,446 shares @ $4.70 ($6,796) and 23,554 shares @ $4.70 ($110,704) — total exercise cost $117,500.
• Sales (code S): 14,000 shares ($256,620), 1,446 shares ($26,505), 23,554 shares ($431,745) — total proceeds $714,870; weighted avg sale price reported as $18.33 (individual sales ranged $18.15–$18.75).
• Post-transaction beneficial ownership: not specified in the provided excerpt.
• Notable footnotes: trades effected pursuant to a Rule 10b5-1 plan (F1); weighted-average sale price with per-share range (F2); reporting person is co‑trustee of a trust and disclaims beneficial ownership except for pecuniary interest (F3–F4); some options vesting and vesting schedule/fully vested notes present (F5–F6).
• No late filing flag in the provided data.

Context

• This is a common "exercise and sell" sequence: options were exercised (acquiring shares at $4.70) and the resulting shares were sold in the market the same day — effectively a cash‑out of option value rather than a fresh purchase indicating bullishness. The 10b5-1 plan note means the sales were preplanned and automated per an adopted trading plan.