Cerebras Systems Director Receives 59,126 Shares via Benchmark Fund In-Kind Distribution

Transaction Overview

On October 5, 2026, Eric Vishria, a member of the Board of Directors of Cerebras Systems Inc. ($CBRS), reported the acquisition of 59,126 shares of Class A Common Stock. The shares were acquired indirectly at a price of $0.00 per share, bringing his indirect beneficial ownership to 334,980 shares held through entities he controls.

Transaction Nature & Fund Distribution

The transaction was reported under Transaction Code J, reflecting an in-kind, pro-rata distribution rather than an open-market purchase. According to Footnote 1, the shares were distributed by Benchmark Capital Partners VIII, L.P. (BCP VIII) and its affiliated funds to its partners and assignees without additional cash consideration. The distribution was executed pursuant to a Rule 10b5-1 trading plan established by BCP VIII on May 14, 2026.

Market Significance

• Trading Significance: Low
• Rationale: This transaction represents a standard venture fund distribution to a general partner/fund member rather than a discretionary open-market trade or insider signal of sentiment. Because no capital changed hands and no open-market selling or purchasing occurred, the filing carries minimal predictive power for investors.