Cerebras Systems Inc.
Sean Lie (Chief Technology Officer) sells CBRS shares
AI-generated summary
Chief Technology Officer Sean Lie converted 32,023 shares, gifted 18,000 shares, and sold 60,000 shares for $6,947,166 at an average price of $115.79. Following these transactions, the insider directly holds 263,592 shares. The sales were executed under a Rule 10b5-1 trading plan adopted on May 20, 2026.
Key facts
- Insider
- Sean Lie · Chief Technology Officer
Rule 10b5-1 plan · adopted May 20, 2026
| Date | Transaction | Shares | Price | Value | Held after | Ownership |
|---|---|---|---|---|---|---|
| Oct 27, 2026 | C · conversionFootnotes F1 | +32,023 | — | — | 341,592 | Direct |
| Oct 27, 2026 | G · giftFootnotes F2 | −18,000 | $0.00 | $0.00 | 323,592 | Direct |
| Oct 27, 2026 | S · open-market saleFootnotes F3, F4 | −14,500 | $116.82 | $1,693,890.00 | 309,092 | Direct |
| Oct 27, 2026 | S · open-market saleFootnotes F3, F5 | −45,400 | $115.46 | $5,241,884.00 | 263,692 | Direct |
| Oct 27, 2026 | S · open-market saleFootnotes F3 | −100 | $113.92 | $11,392.00 | 263,592 | Direct |
| Oct 27, 2026 | M · exercise or conversion of a derivativeStock OptionFootnotes F6 | −28,898 | $0.00 | $0.00 | 143,248 | Direct |
| Oct 27, 2026 | M · exercise or conversion of a derivativeStock OptionFootnotes F7 | −3,125 | $0.00 | $0.00 | 29,295 | Direct |
| Oct 27, 2026 | M · exercise or conversion of a derivativeClass B Common StockFootnotes F1 | +32,023 | $0.00 | $0.00 | 7,615,015 | Direct |
| Oct 27, 2026 | C · conversionClass B Common StockFootnotes F1 | −32,023 | $0.00 | $0.00 | 7,582,992 | Direct |
Footnotes
- F1 The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.
- F2 The reporting person transferred 18,000 shares of the Issuer's common stock to a donor-advised fund sponsored by a charitable organization under Section 501(c)(3) of the Internal Revenue Code.
- F3 The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2026.
- F4 The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $116.58 to $116.88, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F5 The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $115.46 to $116.19, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F6 The stock option vests in 48 substantially equal monthly installments beginning on February 1, 2024.
- F7 The stock option vests in 48 substantially equal monthly installments beginning on February 1, 2023.
More CBRS filings
- 144
Filed Oct 27, 2026
- 4
Filed Oct 7, 2026
- 4
Filed Oct 6, 2026
- 4
Filed Oct 2, 2026
- 4
Filed Sep 30, 2026
- 4
Filed Sep 30, 2026
Not investment advice. Summaries can contain errors; the SEC filing is the official record.