Cerebras (CBRS) CEO Andrew Feldman Sells Shares and Exercises Options

What Happened

• Andrew D. Feldman, CEO, President and a director of Cerebras Systems (CBRS), exercised/converted derivative securities to acquire 237,559 shares (reported at $0.00) and sold 237,559 shares in open-market transactions on August 21, 2026. The open-market sales generated approximately $47.34 million in proceeds.
• In addition, Feldman transferred (gifted) 50,000 shares to a donor-advised charitable fund on August 21, 2026, and there was a 120-share in‑kind distribution on August 24, 2026.

Key Details

• Transaction date(s): primary activity on 2026-08-21 (sales and conversion/exercises); small in‑kind distribution on 2026-08-24.
• Sale proceeds: ~ $47,338,836 total from 237,559 shares sold. Reported per-share sale prices ranged roughly from about $195.75 up to $210.21 across multiple trades (weighted-average prices reported in grouped footnotes).
• Acquisition via derivative: 237,559 shares reported acquired through exercise/conversion at $0.00 (per the filing).
• Gift: 50,000 shares donated to a donor-advised fund (footnote indicates charitable donation).
• Sales plan: many of the sales were made pursuant to a Rule 10b5‑1 trading plan adopted by Feldman on May 20, 2026 (footnote).
• Shares owned after the transactions: not specified in the information provided in this summary.
• Filing timeliness: Form filed 2026-08-25 for transactions on 2026-08-21 (filed within the typical two-business-day window).

Context

• The filing shows exercise/conversion of derivative securities followed by same-day open-market sales — effectively a cash‑out of 237,559 shares acquired through conversion/exercise. The filing reports $0.00 acquisition prices for those derivative conversions/exercises (as disclosed).
• Gifts and in‑kind distributions (50,000 shares gifted; 120‑share pro‑rata distribution) are charitable or administrative actions and do not necessarily signal buy-side conviction.
• The sales were executed under a pre-established 10b5‑1 plan, which is a common mechanism executives use to sell shares on a scheduled or rule-compliant basis.

If you want, I can pull the exact sale price ranges tied to each grouped footnote or calculate per-trade averages.