Ceribell (CBLL) CFO Scott Blumberg Exercises Options and Sells 846 Shares

What Happened
Scott Blumberg, Chief Financial Officer of Ceribell, exercised 846 stock options and immediately sold the 846 resulting shares on 2026-09-15. The exercise showed an aggregate cost of $7,961 (846 shares @ $9.41) and the open-market sale generated proceeds of approximately $21,150 (weighted avg sale price $25.00), for net proceeds of roughly $13,189.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (timely filing).
• Exercise: 846 shares acquired via option exercise at $9.41 (code M).
• Sale: 846 shares sold in the open market at a weighted average price of $25.00 (range $25.00–$25.01) for $21,150 (code S).
• A separate line shows the derivative (option) disposition at $0.00, which records the conversion/termination of the option upon exercise.
• Footnotes: transactions were executed under a Rule 10b5-1 trading plan adopted December 12, 2025 (F1); option is fully vested and exercisable (F3); weighted-average sale price details available on request (F2).
• Exhibit/administrative note: Exhibit 24.1 Power of Attorney referenced.
• Shares owned after the transaction are not disclosed in the provided filing excerpt.

Context
This was an option exercise followed by an immediate open-market sale (a common cashless-style transaction). The trade was conducted under a pre-established 10b5-1 plan, which typically indicates the sales were planned in advance and not necessarily a new signal about the CFO’s view of the company. The separate derivative line at $0.00 simply reflects the conversion/termination of the option instrument and is standard reporting practice.