Cerebras (CBRS) CFO Robert Komin Converts 32,500 Shares

What Happened

• Robert Patrick Komin Jr., Chief Financial Officer of Cerebras Systems (CBRS), converted 32,500 shares of Class B common stock into 32,500 shares of Class A common stock on August 18, 2026. The conversion was recorded with no cash exchanged (acquisition price $0.00).

Key Details

• Transaction date: 2026-08-18 (reported on Form 4 filed 2026-08-20).
• Transaction type: Conversion of derivative security (conversion of Class B → Class A).
• Shares converted/acquired: 32,500 Class A shares; cash paid: $0.00.
• Disposition column: reflects the derivative converted (32,500) — this indicates the derivative interest was converted into common shares.
• Shares owned after the transaction: not specified in the provided filing.
• Timeliness: Filed two days after the transaction (within the standard Form 4 reporting window).
• Footnote: Class B Common Stock is convertible into an equal number of Class A shares at the holder’s election and has no expiration date.

Context

• This was a conversion (reclassification) of existing Class B stock into Class A stock, not an open-market purchase or sale. Conversions like this typically change share class and voting/transferability attributes but do not necessarily reflect a cash investment or sale.