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

Cerus Corporation's CEO, William Greenman, sold shares on March 13 and 14, 2025, to cover statutory tax withholding obligations related to vesting restricted stock units.

Summary

• William Greenman, the President and CEO of Cerus Corporation, sold shares of common stock on March 13 and 14, 2025.
• The sales were executed to cover statutory tax withholding obligations and brokerage fees associated with the vesting of restricted stock units.
• On March 13, 2025, 71,086 shares were sold at a weighted average price of $1.45, with prices ranging from $1.39 to $1.47.
• On March 14, 2025, 122,827 shares were sold at a weighted average price of $1.45, with prices ranging from $1.39 to $1.45.
• Following these transactions, Greenman directly owns 4,115,845 shares of Cerus Corporation common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The CEO sold shares to cover tax obligations, which is a common practice and doesn't necessarily indicate a negative outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates