Form 4: Cerus Corp CFO Kevin Green Sells Shares Under 10b5-1 Plan

Kevin Green, CFO of Cerus Corporation, sold a total of 82,657 shares of common stock on September 3rd and 4th, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Kevin Green, the Chief Financial Officer of Cerus Corporation, sold shares of the company's common stock on September 3rd and 4th, 2024.
• On September 3rd, 2024, he sold 28,385 shares at a weighted average price of $2.1814 per share.
• On September 4th, 2024, he sold 54,272 shares at a weighted average price of $2.1526 per share.
• These transactions were executed under a pre-arranged 10b5-1 trading plan.
• Following these sales, Green directly owns 536,093 shares of Cerus Corporation.
• The sales occurred in multiple trades at prices ranging from $2.125 to $2.25 on September 3rd and from $2.095 to $2.20 on September 4th.

Sentiment

Score: 5

Explanation: The document simply reports stock sales by an executive, which is neither particularly positive nor negative. The sales were conducted under a pre-arranged 10b5-1 plan, suggesting they were planned and not necessarily indicative of the executive's view of the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The 10b5-1 plan allows corporate insiders to sell company stock at predetermined times and prices.

Stakeholder Impact

• Shareholders may react to the news of the CFO selling shares, although the 10b5-1 plan mitigates concerns about insider information.

Key Dates