Form 4: Ceribell CTO Exercises Options Under 10b5-1 Plan
Insider Transaction Report
Ceribell's Chief Technology Officer, Raymond Woo, acquired 20,000 shares of common stock through a pre-planned option exercise.
Summary
- Raymond Woo, Chief Technology Officer of Ceribell, Inc. (CBLL), exercised stock options to acquire 20,000 shares of common stock.
- The transaction occurred on September 2, 2025, at an exercise price of $2.24 per share.
- Following this transaction, Raymond Woo directly beneficially owns 167,704 shares of common stock.
- The exercise was conducted pursuant to a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction.
- The stock option exercised was fully vested and currently exercisable, with an expiration date of June 10, 2029.
- After the transaction, Raymond Woo holds 21,634 derivative securities (stock options) beneficially owned.
Sentiment
Score: 6
Explanation: The exercise of stock options by a Chief Technology Officer, even if pre-planned under a 10b5-1 plan, generally signals continued confidence in the company's long-term prospects. It is not a spontaneous buy, but it still represents an increase in insider ownership.
Positives
- The Chief Technology Officer increased his direct beneficial ownership of common stock by 20,000 shares, which can signal confidence in the company's future.
- The transaction was executed under a Rule 10b5-1 trading plan, which demonstrates a pre-planned approach to equity management rather than opportunistic trading.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | The transaction was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a pre-arranged plan to buy or sell company stock at a predetermined time or price, providing an affirmative defense against insider trading allegations. | 09/02/2025 | Enhances transparency and reduces the perception of opportunistic insider trading, aligning with good corporate governance practices. |
Stakeholder Impact
- Shareholders may view the increase in insider ownership as a positive signal of management's commitment and belief in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 06/10/2029 | Expiration date of the stock option. |
| 09/02/2025 | Date of stock option exercise and common stock acquisition. |
| 09/04/2025 | Date the Form 4 was signed. |
Keywords
Ceribell, CBLL, Raymond Woo, CTO, Stock Option, Insider Transaction, Form 4, 10b5-1 Plan, Equity Acquisition
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