May 15, 2026 · Form 4 insider transaction
Vassallo Steven sold 111,765 shares of Cerebras Systems Inc., a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 0 days after the transaction.
Immediately prior to the closing of the Issuer's initial public offering, each share of the Issuer's redeemable convertible preferred stock automatically converted and was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.; Consists of (i) 1,091,411 shares of Class B common stock underlying Series E Preferred Stock held by Foundation Capital Leadership Fund II, L.P. ("Foundation Leadership Fund"); (ii) 265,414 shares of Class B common stock underlying Series A Preferred Stock, 30,053 shares of Class B common stock underlying Series B Preferred Stock, 2,356 shares of Class B common stock underlying Series C Preferred Stock, 653 shares of Class B common stock underlying Series D Preferred Stock, and 1,151 shares of Class B common stock underlying Series E Preferred Stock held by Foundation Capital VIII Principals Fund, LLC ("Foundation Capital VIII Principals");...(continued in footnote 3); (continued from footnote 2)...and (iii) 12,322,821 shares of Class B common stock underlying Series A Preferred Stock, 1,395,341 shares of Class B common stock underlying Series B Preferred Stock, 109,409 shares of Class B common stock underlying Series C Preferred Stock, 30,315 shares of Class B common stock underlying Series D Preferred Stock, and 53,419 shares of Class B common stock underlying Series E Preferred Stock held by Foundation Capital VIII, L.P. ("Foundation Capital VIII," and together with Foundation Leadership Fund and Foundation Capital VIII Principals, "Foundation Capital").; Foundation Capital Management Co. VIII, L.L.C. is the General Partner of Foundation Capital VIII and the Manager of Foundation Capital VIII Principals and has sole voting and investment power with respect to the securities held by Foundation Capital VIII and Foundation Capital Principals. Steven P. Vassallo is a Manager of Foundation Capital Management Co. VIII, L.L.C. and may be deemed to beneficially own such shares. Foundation Capital Management Co. LF II, L.L.C. is the General Partner of Foundation Capital Leadership Fund and has sole voting and investment power with respect to the securities held by Foundation Capital Leadership Fund. Mr. Vassallo is a Manager of Foundation Capital Management Co. LF II, L.L.C. and may be deemed to beneficially own such shares. Mr. Vassallo disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.