Form 4: Ceribell Director Josef Parvizi Reports Changes in Beneficial Ownership

Director Josef Parvizi reports changes in beneficial ownership of Ceribell, Inc. stock, including the conversion of preferred stock and acquisition of restricted stock units.

Summary

• Josef Parvizi, a director at Ceribell, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 11, 2024, Parvizi acquired 6,618 restricted stock units (RSUs) at $0.00, increasing his direct holdings to 661,049 shares of common stock including RSUs.
• He also indirectly owns 907,911 shares through the Innovation ACP Trust and 369,088 shares through the ACP 2021 Trust, for which he serves as co-trustee.
• On October 15, 2024, 152,775 shares of Series C-1 Preferred Stock automatically converted into 152,775 shares of Common Stock immediately prior to the closing of the issuer's initial public offering, increasing his direct holdings to 813,824 shares of common stock including RSUs.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. The increase in ownership could be seen as slightly positive.

Positives

• The acquisition of RSUs and conversion of preferred stock to common stock increases Parvizi's stake in the company, aligning his interests with shareholders.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.

Key Dates