Form 4: Cerus Corp CEO William Greenman Sells Shares to Cover Tax Obligations

Cerus Corporation's CEO, William Greenman, sold shares of common stock to cover statutory tax withholding obligations related to the vesting of restricted stock units.

Summary

• William Greenman, CEO of Cerus Corporation, sold shares of common stock on March 13 and 14, 2024.
• The sales were executed to cover statutory tax withholding obligations and brokerage fees associated with the vesting of restricted stock units.
• On March 12, 2024, 64,666 restricted stock units vested.
• The sales were conducted under a pre-arranged instruction intended to comply with Rule 10b5-1.
• Following the reported transactions, Greenman directly owns 3,181,281 shares of Cerus common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Sales of shares by company executives to cover tax obligations upon vesting of restricted stock units are a common practice.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the slight dilution of shares.
• The sales ensure the CEO can meet his tax obligations, which is a standard practice.

Key Dates