Susan Lior sold CBRS

May 15, 2026 · Form 4 insider transaction

Susan Lior sold 4,419,405 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.

Direction
Disposed (sell-side)
Shares
4,419,405
Price
N/A
Total value
N/A
InsiderSusan Lior
RoleDirector, 10% owner
SecuritySeries A Preferred Stock
Transaction codeC: Conversion of a derivative
Transaction dateMay 15, 2026
Filing dateMay 15, 2026
Shares owned after0
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

Immediately prior to the closing of the Issuer's initial public offering, each share of Class A common stock was reclassified, and 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) 486,175 shares of Class B common stock underlying Series C Preferred Stock, 309,678 shares of Class B common stock underlying Series D Preferred Stock, and 4,505 shares of Class B common stock underlying Series F Preferred Stock held by Eclipse Continuity Fund I, L.P. ("Eclipse Continuity Fund"); (ii) 6,548,466 shares of Class B common stock underlying Series E Preferred Stock held by Eclipse SPV II, L.P. ("Eclipse SPV II"); (iii) 599,880 shares of Class B common stock held by Eclipse SPV XIII, L.P. ("Eclipse SPV XIII"); and (iv) 494,118 shares of Class B common stock, 4,419,405 shares of Class B common stock underlying Series A Preferred Stock, 599,465 shares of Class B common stock underlying Series B Preferred Stock, and 4,505 shares of Class B common stock underlying Series F Preferred Stock held by Eclipse Ventures Fund I, L.P. ("Eclipse Fund," and together with Eclipse Continuity Fund, Eclipse SPV II, and Eclipse SPV XIII, "Eclipse Entities").; The Reporting Person is the sole managing member of the general partner of each of the Eclipse Entities and may be deemed to have voting, investment, and dispositive power with respect to the shares held by such entities.

View the original Form 4 on SEC EDGAR