Cerebras Systems CAO Yagnesh Patel Sells $270K in Stock Under 10b5-1 Plan

Insider Transaction Overview

On September 28, 2026, Yagnesh Patel, Chief Accounting Officer of Cerebras Systems Inc. ($CBRS), executed an open-market sale of 1,320 shares of Class A Common Stock at an average price of $204.50 per share, totaling approximately $269,940.

Transaction Details

• Security: Class A Common Stock
• Transaction Code: S (Open-market sale)
• Shares Sold: 1,320
• Execution Price: $204.50
• Total Consideration: $269,940.00
• Post-Transaction Direct Ownership: 15,356 shares
• Ownership Impact: The sale represents approximately 7.9% of the insider's direct holding prior to the transaction.

Key Context & Trading Significance

• Pre-Arranged Plan: The transaction was conducted under a Rule 10b5-1 trading plan established on June 29, 2026, indicating routine scheduled liquidity rather than a discretionary market-timing trade.
• Significance: Low. The trade volume is modest in dollar value ($269.9K) and represents a small percentage of overall holdings, executed via an established 10b5-1 plan.