William Greenman, serving as both President and CEO of CERUS CORP (NASDAQ: CERS), executed a sale of common stock valued at approximately $299,937 on June 30, 2026, according to a recent regulatory filing. The transaction occurred as the company's shares traded near their 52-week high of $3.21, a level reached following a significant 103% appreciation over the preceding year.
The sale involved the disposition of 101,919 shares of common stock at a weighted average price of $2.9429 per share. These shares were sold through multiple transactions with prices ranging from $2.84 to $3.03 per share. The transaction was executed pursuant to an instruction intended to comply with Rule 10b5-1, elected by Mr. Greenman on the date of grant, to cover statutory tax withholding obligations and corresponding brokerage fees in connection with the vesting of certain restricted stock units. This transaction did not represent a discretionary sale by Mr. Greenman.
In a separate transaction on the same date, Mr. Greenman also disposed of 192,500 shares of common stock at a price of $0.00 per share. Following these transactions, Mr. Greenman directly holds 5,053,036 shares of CERUS CORP common stock. According to InvestingPro analysis, the stock currently appears slightly overvalued relative to its Fair Value estimate.
In other recent news, Cerus Corporation reported its first-quarter earnings for 2026, which exceeded analysts' expectations. The company achieved an earnings per share (EPS) of -$0.01, outperforming the forecast of -$0.05, representing an 80% positive surprise. Revenue also surpassed projections, reaching $59.9 million compared to the anticipated $56.17 million, marking a 6.64% surprise.
Additionally, Cerus Corporation secured a new debt facility with MidCap Financial, providing up to $110 million. This facility includes a 5-year term loan and an asset-backed revolving loan, expected to reduce annual cash interest expenses by up to $3.5 million. The refinancing is also projected to decrease the outstanding term loan balance by approximately $30 million. These developments reflect Cerus Corporation's strategic financial maneuvers and operational performance.