Director Lior Susan & Eclipse Funds Disclose 6.1% Stake with High Voting Power Post-IPO

summarizeSummary

Director Lior Susan and associated Eclipse funds have filed an initial Schedule 13D, disclosing a 6.1% beneficial ownership stake in Cerebras Systems, primarily through high-voting Class B common stock, following the company's IPO.

check_boxKey Events

• Significant Beneficial Ownership Disclosed

  Director Lior Susan and affiliated Eclipse funds report beneficial ownership of 13,466,197 shares of Class B common stock in Cerebras Systems.

• Substantial Voting Power

  These Class B shares represent 6.1% of the total outstanding common stock and carry 20 votes per share, granting the reporting persons significant voting control.

• Post-IPO Initial Disclosure

  This Schedule 13D is an initial filing following the company's IPO on May 15, 2026, reflecting the automatic conversion of preferred stock into Class B common stock upon closing.

• Subject to Lock-up Agreement

  The reporting persons are subject to a 180-day lock-up period, restricting sales of these shares following the IPO.

auto_awesomeAnalysis

This Schedule 13D filing establishes the beneficial ownership structure of Cerebras Systems following its recent IPO. Director Lior Susan and affiliated Eclipse funds collectively hold a significant 6.1% stake in the company, primarily through Class B common stock. These Class B shares carry 20 votes per share, granting the reporting persons substantial voting control over the company. This disclosure is important for understanding the distribution of power and influence within the newly public company.