Cerebras Systems Director Lior Susan Reports Pro-Rata In-Kind Fund Distribution of Class A Shares
Cerebras Systems Inc.
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Filing Summary
SEC Form 4 Filing Alert: Cerebras Systems Inc. ($CBRS) Insider: Susan Lior (Director) Transaction Date: September 2, 2026 Filing Date: September 4, 2026 Details: Pro-rata in-kind distribution of 902,236 Class A Common shares by Eclipse Entities for no cash consideration ($0.00). Post-Transaction Holdings: 7,392,944 indirect shares (via Eclipse Entities), 290,661 direct shares, and 255,041 indirect shares (estate vehicle). Significance: Low (Non-market pro-rata partnership distribution)
Comprehensive Analysis
Executive Summary
On September 4, 2026, Cerebras Systems Inc. ($CBRS) Director Lior Susan filed a Form 4 reporting pro-rata, in-kind distributions (Transaction Code J) executed on September 2, 2026.
Transaction Breakdown
- Entity Distribution (Indirect Disposition): Eclipse Entities distributed 902,236 shares of Class A Common Stock pro-rata to their limited partners for no additional consideration. Following the transfer, the Eclipse Entities beneficially hold 7,392,944 shares.
- Direct Receipt (Direct Acquisition): Lior Susan directly received 46,455 shares from the distribution, bringing direct ownership to 290,661 shares.
- Estate Vehicle Receipt (Indirect Acquisition): An estate-planning vehicle controlled by the reporting person received 47,470 shares, bringing its indirect holdings to 255,041 shares.
Market Significance
- Trading Significance: Low.
- This activity reflects a standard, non-open-market fund distribution to limited partners rather than discretionary open-market buying or selling. It does not indicate a shift in insider sentiment regarding company fundamentals.
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