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William Greenman, President and CEO of Cerus Corp (NASDAQ:CERS), recently sold 60,984 shares of the company’s common stock, amounting to approximately $91,354. The shares were sold at a weighted average price of $1.498 per share on March 7, 2025, with the stock currently trading near its 52-week low of $1.38. This transaction was executed following an instruction intended to comply with Rule 10b5-1, covering statutory tax withholding obligations and brokerage fees related to the vesting of certain restricted stock units. The $274 million market cap company has shown strong revenue growth of 15.29% over the last twelve months.
In addition to the sale, Greenman acquired 975,000 restricted stock units (RSUs) on March 6, 2025, as part of the company’s 2024 Equity Incentive Plan. These RSUs will vest in two installments, with 34% vesting on March 12, 2026, and the remaining 66% on March 12, 2027, contingent upon his continued service to the company. Furthermore, Greenman received an additional 165,742 RSUs, which were fully vested upon grant, as part of his 2024 annual bonus.
Following these transactions, Greenman holds 4,309,758 shares of Cerus Corp common stock.
In other recent news, Cerus Corporation reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of -$0.01 compared to the forecasted -$0.02. The company’s revenue also exceeded projections, reaching $56.75 million against an anticipated $53.76 million. For the full year, Cerus achieved a positive adjusted EBITDA of $5.7 million, highlighting its successful execution of strategic initiatives. In addition, Cerus received CE Mark approval for its next-generation LED Illuminator, INT 200, which allows the company to market the product across the European Union and other regions recognizing the CE Mark. This regulatory clearance marks a significant step for Cerus in expanding its market reach. Cantor Fitzgerald maintained an Overweight rating on Cerus, with a $4.00 price target, suggesting a positive outlook on the company’s stock. The firm believes Cerus’s recent achievements, including the CE Mark approval, position it well for future growth. The company plans to pursue further regulatory approvals for the INT200, aiming to enhance its product offerings globally.
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