Form 4: Ceribell Director Joseph Michael Taylor Reports Changes in Beneficial Ownership

Director Joseph Michael Taylor reports changes in beneficial ownership of Ceribell, Inc. stock following the company's initial public offering.

Summary

• Joseph Michael Taylor, a director of Ceribell, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 11, 2024, Taylor acquired 6,618 shares of common stock through restricted stock units (RSUs) and held a total of 13,232 RSUs.
• On October 15, 2024, 22,439 shares of Series A Preferred Stock, 13,064 shares of Series B Preferred Stock, and 8,704 shares of Series C-1 Preferred Stock automatically converted into common stock immediately prior to the closing of Ceribell's initial public offering (IPO).
• Following these transactions, Taylor beneficially owns 57,439 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The conversion of preferred stock to common stock is a positive step towards the IPO.

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• The conversion of preferred stock to common stock impacts the capital structure of the company.

Key Dates