Ceribell (CBLL) CFO Scott Blumberg Exercises Options, Sells Shares

What Happened

• Ceribell CFO Scott Blumberg exercised stock options (transaction code M) to acquire a total of 34,502 shares and then sold the same 34,502 shares in open-market transactions (transaction code S) on August 18–19, 2026.
• Exercises: 34,502 shares acquired for aggregate exercise cost of $292,311 (breakdown: 690 @ $4.70, 300 @ $9.41, 6,179 @ $4.70, 27,333 @ $9.41).
• Sales: 34,502 shares sold for total gross proceeds of approximately $863,555 (breakdown: 990 @ $25.00 = $24,750; 33,512 @ $25.03 = $838,805). The reported sale prices were a weighted average; individual trades ranged $25.00–$25.16.

Key Details

• Transaction dates: Aug 18–19, 2026; Form 4 filed Aug 20, 2026 (within the typical two-business-day reporting window).
• Shares acquired by exercise: 34,502; shares sold in open market: 34,502 — net zero change in share count from these entries.
• Exercise cash paid: $292,311; gross sale proceeds: ~$863,555.
• Footnotes of note:
  • F1: Transactions were effected under a Rule 10b5-1 trading plan adopted Dec 12, 2025.
  • F3: Sale price shown is a weighted average; trades occurred at $25.00–$25.16.
  • F2/F4/F5: Filing references 438 ESPP shares acquired July 31, 2026 and notes about option vesting (some options vest monthly; another option is fully vested).
  • The $0.00 “Disposed” line items reflect conversion/removal of derivative holdings upon exercise (standard for option exercises).
• Shares owned after these transactions: not disclosed in the provided excerpt of the filing.

Context

• This sequence—exercising options and selling the same number of shares the same days—effectively operates like a cashless exercise (options converted and shares sold immediately). The trades were executed under a pre-established 10b5-1 plan, which typically schedules trades in advance.
• These entries are factual reporting of transactions; they do not, by themselves, indicate insider intent or company outlook.