SEC EDGAR · Oct 2, 08:21 PM UTC
Cerebras director Lior Susan reports in-kind Eclipse share distribution, no consideration
Historical operation · Retained
“Represents a pro-rata, in-kind distribution by the Eclipse Entities (as defined below) to its partners, for no additional consideration (the "Distribution").”
Quoted source · 13 source segments
- [1] ownership.xml
- [2] ownership.xml
- [3] ownership.xml
- [4] ownership.xml
- [5] ownership.xml
- [6] ownership.xml
- [7] ownership.xml
- [8] ownership.xml
- [9] ownership.xml
- [10] ownership.xml
- [11] ownership.xml
- [12] ownership.xml
- [13] ownership.xml
Model assessment
Form 4 reports only pro-rata, in-kind distributions of Class A common stock by the Eclipse Entities to partners and to an estate-planning vehicle, for no additional consideration, with no open-market purchase or sale and no demonstrated current effect on Cerebras fundamentals. Routine ownership transfers of this kind are non-directional, so the operation is DO_NOTHING.
13 exact filing citations