Chao Xingjuan 4

What Happened
Chao Xingjuan, President, CEO and a director of Ceribell, exercised options (derivative conversion) on March 25, 2026, resulting in the acquisition of 55,628 common shares. She paid $2.24 for 36,628 shares ($82,047) and $3.65 for 19,000 shares ($69,350), a combined cash outlay of $151,397. The filing also shows the corresponding derivative interests were converted/disposed (reported at $0.00), which is the typical reporting pattern when options are exercised and the option rights are surrendered.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (timely filing within the usual two-business-day window).
• Exercise details: 36,628 shares @ $2.24 (acquired, $82,047); 19,000 shares @ $3.65 (acquired, $69,350). Corresponding derivative positions for the same amounts reported disposed at $0.00.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1 — reporting person is co-trustee of the ACP 2021 Trust and may be deemed to share beneficial ownership; F2 — reporting person disclaims beneficial ownership except for pecuniary interest; F3 — the stock option exercised was fully vested and exercisable.
• No immediate sale of the acquired shares was reported in this filing.

Context
This was an option exercise (code M): the insider paid cash to convert option/derivative rights into common stock. Such exercises are common for executives when options are vested; they are a purchase of shares rather than a sale, and do not by themselves signal a decision to sell shares or a change in view. The disclosure shows conversion of the derivative interests and no subsequent sale reported on the same form.