Chao Xingjuan 4

What Happened

• Chao Xingjuan, President & CEO and a director of Ceribell (CBLL), exercised options to acquire 25,000 shares at $4.70 per share (total cost $117,500) and sold a total of 39,000 shares in open-market transactions at a weighted average price of $19.90 per share (total proceeds ~$776,100). The filings show related derivative/option positions were also reported as disposed at $0 (reflecting the option exercise/settlement).

Key Details

• Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (timely filed within the required reporting window).
• Sale price: weighted average $19.90; shares sold in multiple trades at prices ranging $19.69–$20.27 (per footnote).
• Option exercise price: $4.70 per share for 25,000 shares (total $117,500).
• Total proceeds from sales reported: approximately $776,100; cash paid for exercised shares: $117,500.
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Notable footnotes: transactions were effected pursuant to a Rule 10b5-1 trading plan (F1); weighted-average sale price and price range disclosed (F2); reporting person is co-trustee of a trust and disclaims beneficial ownership except to extent of pecuniary interest (F3, F4); option vesting/vesting history and that the option is fully vested/currently exercisable (F5, F6).

Context

• This appears to be an exercise-and-sell sequence (options exercised and shares sold the same day), a common form of cashless or near-cashless exercise where the insider realizes the spread between the exercise price and market price. The sale activity was carried out under a pre-established 10b5-1 plan (footnote F1), which often indicates scheduled trading rather than opportunistic timing.