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

Chief Medical Officer Richard J. Benjamin sold shares of Cerus Corp stock on March 13 and 14, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Richard J. Benjamin, Chief Medical 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, 18,949 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, 30,075 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, Benjamin directly owns 685,775 shares of Cerus Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual or concerning activity. Therefore, the sentiment is neutral.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax planning. The fact that the sale was conducted under a 10b5-1 plan suggests it was pre-arranged and not based on current market information.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders.
• The sales are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates