Form 4: Cerus Corp COO Vivek K. Jayaraman Sells Shares to Cover Tax Obligations

Cerus Corporation's Chief Operating Officer, Vivek K. Jayaraman, sold shares of common stock on March 13 and 14, 2025, to cover statutory tax withholding obligations related to vesting restricted stock units.

Summary

• Vivek K. Jayaraman, the Chief Operating Officer of Cerus Corporation, sold shares of the company's 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, 29,985 shares were sold at a weighted average price of $1.45, with individual transactions ranging from $1.39 to $1.47 per share.
• On March 14, 2025, 46,004 shares were sold at a weighted average price of $1.45, with individual transactions ranging from $1.39 to $1.45 per share.
• Following these transactions, Jayaraman directly owns 1,431,326 shares of Cerus Corporation's common stock.
• The sales were conducted under a pre-arranged instruction intended to comply with Rule 10b5-1.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock sale for tax obligations) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 vesting equity.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price due to increased selling pressure.

Key Dates