Director Vassallo Sells $10.9M in Cerebras Shares
CBRS sits 37% above its 52-week low of $160.81 on elevated volume (1.9× avg).
Summary
Cerebras director Steven Vassallo sold $10.9M in stock on August 14, 2026, alongside conversions and in-kind distributions.
Key Events · Ownership and Investor Activity · CBRS
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Director Sells $10.9M in Stock
On August 14, 2026, Steven Vassallo sold 50,000 shares at prices ranging from $216.38 to $219.97, totaling $10,909,101.
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Class B to Class A Conversion
Between June 24 and August 14, 2026, Vassallo converted 1,912,792 Class B shares to Class A shares with no additional consideration.
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In-Kind Distributions to Partners
A total of 2,362,677 shares were distributed in-kind to fund partners, representing pro rata distributions and not open-market sales.
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Post-Transaction Holdings
Vassallo's indirect holdings total 6,840,057 shares, with post-transaction holdings of 12,520,174 shares across various entities.
Analysis · CBRS · Manufacturing
A significant insider disposition occurred on August 14, 2026, when Director Steven Vassallo sold 50,000 shares for $10.9 million at prices between $216.38 and $219.97. The open-market sale is the primary signal, indicating a director reducing exposure, though it is offset by the conversion of 1.9 million Class B shares to Class A and in-kind distributions to fund partners.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1615 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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 $219.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $49.2B. The 52-week trading range was $160.81 to $386.34. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.