Ceribell CFO Scott Blumberg Exercises Options, Sells 652 Shares

What Happened

• Scott Blumberg, Chief Financial Officer of Ceribell, exercised 652 stock options (fully vested) at $9.41 per share (cost $6,135) on 2026-09-02 and immediately sold 652 shares in an open-market transaction at $25.00 per share, receiving $16,300. The filing also records the related derivative being disposed ($0), which reflects conversion/surrender of the option instrument on exercise. The transactions were reported on Form 4 filed 2026-09-04.

Key Details

• Transaction date: 2026-09-02.
• Exercise: 652 options exercised at $9.41/share = $6,135 (code M).
• Sale: 652 shares sold at $25.00/share = $16,300 (code S).
• Derivative disposition: 652 units reported disposed at $0 (reflects option conversion).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: Transactions were executed under a Rule 10b5-1 trading plan adopted Dec 12, 2025 (F1). The option was fully vested and exercisable (F2).
• Filing timeliness: Form 4 filed on 2026-09-04 for a 2026-09-02 trade — within the usual two-business-day reporting window.

Context

• The back-to-back exercise and same-day sale operates like a cashless exercise (exercise of options with immediate sale of resulting shares) — a common way to realize option value and/or cover exercise cost and tax obligations. This pattern is routine and should not be read as a clear positive or negative signal about the company’s prospects.