Form 4: Ceribell Director Josef Parvizi Reports RSU Grant and Clarifies Beneficial Ownership

Ceribell, Inc. Director and 10% Owner Josef Parvizi reported the acquisition of 8,828 restricted stock units and clarified his indirect beneficial ownership through various trusts in a recent SEC Form 4 filing.

Summary

• Josef Parvizi, a Director and 10% Owner of Ceribell, Inc. (CBLL), reported changes in his beneficial ownership.
• On June 10, 2025, Mr. Parvizi acquired 8,828 restricted stock units (RSUs) of Common Stock at a price of $0.
• The filing also corrected previous reports, clarifying that 822,652 shares were inadvertently reported as directly held but are, in fact, indirectly held through the Josef Parvizi Trust.
• Following these transactions, Mr. Parvizi's total beneficial ownership includes 8,828 directly held RSUs and 2,099,651 indirectly held shares through the Josef Parvizi Trust (822,652 shares), Innovation ACP Trust (907,911 shares), and ACP 2021 Trust (369,088 shares).
• Mr. Parvizi is the sole trustee of the Josef Parvizi Trust and a co-trustee of the Innovation ACP Trust and ACP 2021 Trust, through which he may be deemed to have beneficial ownership, though he disclaims ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing detailing an insider's stock acquisition and a correction of beneficial ownership reporting. It is neutral in sentiment as it reflects standard corporate governance and compensation practices without indicating significant positive or negative operational or financial news.

Positives

• The acquisition of 8,828 restricted stock units indicates ongoing compensation and alignment of interests between the director and the company.
• The filing clarifies and corrects previous reporting errors regarding beneficial ownership, enhancing transparency.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and beneficial ownership, common across all publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics beyond the individual company's equity compensation practices.

Corporate Governance

Related Party Transactions

• The filing details beneficial ownership through trusts (Josef Parvizi Trust, Innovation ACP Trust, ACP 2021 Trust) where the reporting person has trustee roles. While these are related parties, the transaction itself is an RSU grant from the company, not a direct transaction between the related parties in the typical sense of a sale or purchase. The filing clarifies the nature of beneficial ownership via these trusts.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation and beneficial ownership structure. The RSU grant aligns the director's interests with shareholder value.
• Employees: No direct impact on employees beyond the general corporate governance context.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Ceribell Inc., CBLL, Josef Parvizi, SEC Form 4, Insider Trading, Restricted Stock Units, Beneficial Ownership, Director, 10% Owner, Equity Compensation, Trusts