Jensen Chrystal 4
4 · CERUS CORP · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Cerus (CERS) Chief Legal Officer Chrystal Jensen Sells Shares
What Happened Chrystal Jensen, Chief Legal Officer of Cerus Corporation (CERS), disposed of 113,008 shares in an open-market sale on March 12, 2026. The reported weighted-average sale price was $1.66 per share, producing total proceeds of approximately $187,277. This transaction was a sale (S), not a purchase.
Key Details
- Transaction date: March 12, 2026 (reported on Form 4 filed March 16, 2026). The filing appears to be late (transactionTimeliness = 'L').
- Shares sold: 113,008; weighted-average price: $1.66; total proceeds ≈ $187,277.
- Price range: shares were sold in multiple transactions at prices from $1.62 to $1.73 per share (footnote F2).
- Footnote F1: Sales were made pursuant to a 10b5-1 instruction elected at grant to cover statutory tax withholding and brokerage fees related to the vesting of restricted stock units — the reporting person states this is not a discretionary sale.
- Shares owned after the transaction: not disclosed in the supplied filing.
Context Footnote disclosures indicate the sales were to satisfy tax withholding obligations tied to vested RSUs under a pre-established 10b5-1 plan, and therefore the reporting person characterizes them as non-discretionary. Withholding-driven sales are common following vesting events and are treated differently from voluntary sell decisions; they should be viewed as administrative actions rather than necessarily signaling a change in insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2025-03-12$1.66/sh−113,008$187,277→ 946,131 total
Footnotes (2)
- [F1]Represents shares sold pursuant to an instruction intended to comply with the requirement of Rule 10b5-1 that was elected by the Reporting Person on the date of grant to cover statutory tax withholding obligations and corresponding brokerage fees in connection with the vesting of certain restricted stock units and does not represent a discretionary sale by the reporting person.
- [F2]Represents a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $1.62 to $1.73 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the aforementioned range set forth.