Cerebras Systems Director Lior Susan Reports Pro-Rata Fund Distribution

Cerebras Systems Inc. ($CBRS) Form 4 Overview

Reporting Insider: Lior Susan (Director)
Filing Date: October 2, 2026
Transaction Date: September 30, 2026

Summary of Transactions

On September 30, 2026, venture capital entities associated with Eclipse (Eclipse Continuity Fund I, L.P., Eclipse SPV II, L.P., Eclipse SPV XIII, L.P., and Eclipse Ventures Fund I, L.P.) executed a pro-rata, in-kind distribution of 1,198,489 shares of Class A Common Stock to their partners for no consideration (Transaction Code J).

As part of this distribution:

• Entity Disposition: 1,198,489 shares distributed from Eclipse entities, leaving 5,292,222 shares under indirect beneficial ownership.
• Direct Receipt: Lior Susan directly received 68,428 shares, bringing direct ownership to 420,355 shares.
• Indirect Receipt: An estate-planning vehicle controlled by the reporting person received 63,056 shares, bringing that vehicle's holdings to 372,659 shares.

Market & Trading Impact

• Significance Level: Low
• Rationale: The transaction represents an internal fund distribution to partners rather than an open-market sale or purchase. No capital was exchanged, and it reflects standard venture fund portfolio rebalancing/liquidity mechanisms.