Cerebras Officer Dhiraj Mallick Files to Sell $77.9M in Shares
CBRS sits 22% above its 52-week low of $160.81.
Summary
Cerebras officer Dhiraj Mallick filed to sell 396,000 shares worth about $77.9 million under a pre-existing 10b5-1 plan, continuing a broad insider selling trend.
Key Events · Ownership and Investor Activity · CBRS
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Officer Files to Sell $77.9M
Dhiraj Mallick, an officer, filed Form 144 to sell 396,000 shares worth approximately $77.9 million.
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10b5-1 Plan Adopted June 30
The sale is under a pre-existing 10b5-1 trading plan adopted June 30, 2026.
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Source of Shares
276,000 shares from option exercises on 09/29/2026 and 120,000 shares from performance stock units acquired 05/13/2026.
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Ongoing Insider Distribution
This is the 12th Form 144 filing in 90 days, with total open-market insider sales exceeding $287 million.
Analysis · CBRS · Manufacturing
Officer Dhiraj Mallick has filed to sell 396,000 shares worth approximately $77.9 million, adding to a heavy insider selling pattern that has already totaled over $287 million in open-market sales over the last 90 days. The sale is part of a 10b5-1 plan adopted June 30, 2026, and includes shares from option exercises and performance stock units. This is a significant distribution signal from a company insider, especially following a Q2 earnings miss and a stock price decline.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CBRS was trading at $195.81 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $43.6B. The 52-week trading range was $160.81 to $386.34. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.