Form 4: Cerus Corp Executive Benjamin Sells Shares to Cover Tax Obligations

Cerus Corporation's Chief Medical Officer, Richard J. Benjamin, sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Richard J. Benjamin, Chief Medical Officer of Cerus Corporation, reported changes in beneficial ownership of the company's stock.
• On March 12, 2024, Mr. Benjamin vested 16,666 restricted stock units, each representing one share of Cerus common stock.
• To cover statutory tax withholding obligations and brokerage fees associated with the vesting, Mr. Benjamin sold 17,377 shares on March 13, 2024, at an average price of $2.057 per share.
• He also sold 17,738 shares on March 14, 2024, at an average price of $1.9744 per share.
• Following these transactions, Mr. Benjamin directly owns 459,612 shares of Cerus common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax planning. The use of 10b5-1 plans is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders.

Key Dates