Ceribell (CBLL) CEO Chao Xingjuan Sells 39,540 Shares; Exercises Options

What Happened
Chao Xingjuan, President, CEO and a director of Ceribell, exercised options to acquire 25,000 common shares (1,446 + 23,554) at an exercise price of $4.70 per share (total cash paid ≈ $117,500) and, on the same day (Sep 2, 2026), sold 39,540 shares in an open‑market transaction for total proceeds of $973,079 (weighted average sale price $24.61). The transactions were reported on a Form 4 filed Sep 4, 2026.

Key Details

• Transaction date: September 2, 2026 (reported Sep 4, 2026) — timely filing.
• Option exercises: 1,446 shares and 23,554 shares exercised at $4.70 each (total ≈ $117,500 paid).
• Open‑market sale: 39,540 shares sold at a weighted avg price of $24.61 for proceeds of $973,079; sale prices ranged from $24.24 to $25.07 (per footnote).
• Derivative reporting: The filing also shows the conversion/disposition of the derivative instruments at $0.00, which reflects the exercise/conversion of those option rights into shares.
• Shares owned after transaction: Not disclosed in the excerpt provided — consult the full Form 4 for post‑transaction beneficial ownership.
• Notable footnotes: Transactions were effected under a Rule 10b5‑1 trading plan adopted Sep 12, 2025 (F1). Footnotes note trust/co‑trustee status and disclaimers (F3, F4), vesting details and exercisability for the options (F5, F6), and a weighted‑average sale price range (F2).

Context

• The filing shows option exercise and a same‑day open‑market sale; the report does not specify which shares sold (previously held vs. newly exercised). This pattern can reflect routine liquidity or plan‑based sales; F1 confirms the activity was done under a pre‑existing 10b5‑1 plan.
• Footnotes indicate some holdings are reported via trust/co‑trustee relationships and that the Reporting Person disclaims beneficial ownership beyond pecuniary interest — check the full filing for detailed ownership and vesting history.