Jayaraman Vivek K 4
4 · CERUS CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Cerus (CERS) COO Vivek Jayaraman Receives Award, Sells Shares
What Happened
Vivek K. Jayaraman, Chief Operating Officer of Cerus Corp (CERS), was granted 80,320 shares (award/acquisition) on 2026-03-05 and sold 34,094 shares on 2026-03-06 at a weighted average price of $2.01 for total proceeds of about $68,376. The grant shows an acquisition at $0.00 (typical of restricted stock unit vesting); the subsequent sale appears to be related to tax-withholding rather than a discretionary open-market divestiture.
Key Details
- Transactions: 2026-03-05 — Award/acquisition of 80,320 shares @ $0.00 (recorded value $0). 2026-03-06 — Sale of 34,094 shares @ $2.01 (weighted avg) for $68,376.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — Shares sold pursuant to an instruction intended to comply with Rule 10b5-1 to cover statutory tax withholding and brokerage fees in connection with RSU vesting (not a discretionary sale). F2 — Sale price is a weighted average; shares were sold in a block trade and the reporting person will provide details on request.
- Filing: Form 4 filed 2026-03-09 reporting the 2026-03-05/03-06 transactions. No indication of a late-filing flag in the information provided.
Context
The award is an acquisition (likely RSU vesting), which is common as part of executive compensation and not an open-market purchase signal. The sale was executed under a pre-arranged instruction to cover taxes (10b5-1/tax withholding), a routine administrative step that typically does not reflect a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
2026-03-05+80,320→ 1,946,968 total - Sale
Common Stock
[F1][F2]2026-03-06$2.01/sh−34,094$68,376→ 1,912,874 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 a block trade 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 pursuant to such block trade.