Jayaraman Vivek K 4
4 · CERUS CORP · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
CERUS (CERS) COO Vivek Jayaraman Sells 165,200 Shares
What Happened
Vivek K. Jayaraman, Chief Operating Officer of Cerus Corp (CERS), reported an open-market sale of 165,200 shares on 2026-03-12. The weighted-average sale price was $1.66 per share (range $1.62–$1.73 across multiple trades), for total proceeds of approximately $273,769. This was a sale to cover statutory tax withholding and related brokerage fees in connection with the vesting of restricted stock units, not a discretionary sell decision.
Key Details
- Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-16).
- Shares sold: 165,200; weighted-average price $1.66; prices ranged $1.62–$1.73.
- Total proceeds: ~$273,769.
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnote F1: Sale made pursuant to an instruction under a Rule 10b5-1 arrangement elected on the grant date to cover tax withholding and brokerage fees — not a discretionary sale.
- Footnote F2: Reporting person will provide, upon request, the breakdown of how many shares were sold at each price within the stated range.
- Filing timeliness: No late-filing flag indicated in the provided data.
Context
Sales executed to satisfy tax withholding on RSU vesting are common and generally considered routine administrative transactions rather than signals about the insider’s view of the company’s prospects. A 10b5-1 plan lets insiders pre-authorize trades to avoid potential conflicts with material nonpublic information; the filing states this sale was made under such an instruction.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-12$1.66/sh−165,200$273,769→ 1,747,674 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.