Cerebras Systems Director Receives Pro-Rata In-Kind Distribution of Class A Common Stock

Cerebras Systems Inc. ($CBRS) - Form 4 Filing Analysis

Overview: On September 23, 2026, Eric Vishria, a member of the Board of Directors of Cerebras Systems Inc., reported the acquisition of 44,507 shares of Class A Common Stock on September 21, 2026.

Transaction Breakdown:

• Transaction Code: J (Other transaction / In-kind distribution)
• Shares Acquired: 44,507 shares
• Price per Share: $0.00 (No consideration paid)
• Nature of Ownership: Indirect; shares are held by entities controlled by Eric Vishria.
• Post-Transaction Holdings: 275,854 shares

Key Observations:

• Source of Distribution: As detailed in the footnotes, the transaction represents a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P. (BCP VIII) and affiliated funds to its partners pursuant to a Rule 10b5-1 trading plan established on May 14, 2026.
• Market Impact & Significance: The transaction is rated Low significance because it is a routine, non-market transfer from a venture capital fund to its general partners rather than an open-market purchase or sale that reflects operational sentiment.