Ceribell (CBLL) SVP Finance David Foehr Sells Shares, Exercises Options

What Happened

• David Foehr, Senior Vice President, Finance and PAO at Ceribell (CBLL), exercised stock options to acquire 7,500 shares (exercise price $4.70/share; cost $35,250) and sold a total of 9,255 shares in open‑market transactions for aggregate proceeds of about $224,451.
• Sales were executed on Sept 8, 2026: 7,500 shares sold at a weighted-average price of $24.25 (proceeds $181,875) and 1,755 shares sold at a weighted-average price of $24.26 (proceeds $42,576). The filing was submitted on Sept 10, 2026.

Key Details

• Transaction date(s): 2026-09-08; Form 4 filed 2026-09-10 (appears timely — Form 4 is due within 2 business days).
• Option exercise: 7,500 shares acquired at $4.70/share (total $35,250). Footnote F4 notes the option was fully vested and exercisable.
• Sales: 9,255 shares sold for total proceeds of ~$224,451. Footnotes F2–F3 report weighted-average sale prices and that the shares were sold in multiple trades at prices ranging roughly $23.87–$24.63.
• Plan: Transactions were made pursuant to a Rule 10b5-1 trading plan adopted May 21, 2026 (Footnote F1).
• Shares owned after transaction: not stated in the excerpt of the filing provided.
• Exhibit/other: Exhibit 24 — Power of Attorney referenced.

Context

• This sequence (exercise then sale) is a common pattern where an insider exercises vested options and sells shares — often done for liquidity or to satisfy exercise costs/ taxes; the presence of a 10b5-1 plan indicates the trades were pre‑arranged.
• The derivative line showing a $0 disposition likely reflects conversion/settlement of a derivative instrument as part of the exercise reporting; the option was fully vested per the filing.