Form 4: Ceribell Director Reports Transactions Following IPO

Juliet Tammenoms Bakker, a director at Ceribell, reports transactions related to restricted stock units and the conversion of preferred stock to common stock following the company's IPO.

Summary

• Juliet Tammenoms Bakker, a director of Ceribell, filed a Form 4 detailing changes in beneficial ownership.
• On October 11, 2024, Bakker acquired 6,618 restricted stock units.
• On October 15, 2024, 2,140,600 shares of Series C-1 Preferred Stock automatically converted into common stock prior to Ceribell's IPO.
• Longitude Venture Partners IV, L.P. acquired 237,234 shares of common stock at $17 per share on October 15, 2024.
• Bakker and Patrick G. Enright, as managing members of Longitude Capital Partners IV, LLC, may be deemed to share voting, investment, and dispositive power over the securities held by Longitude Venture Partners IV, L.P., but they disclaim beneficial ownership except to the extent of their pecuniary interests.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing transactions related to an IPO. It doesn't contain overtly positive or negative information, but the successful IPO is a positive event.

Industry Context

Form 4 filings are standard practice following significant events like IPOs, providing transparency into insider transactions and ownership changes.

Stakeholder Impact

• Shareholders are informed about insider transactions following the IPO.
• The filing provides transparency regarding the ownership structure of the company.

Key Dates