Insider Trading March 9, 2026

Cerus Chief Medical Officer Disposes of 125,964 Shares, Retains Majority Stake

Richard J. Benjamin sells roughly $202,334 of stock across March 5-9 while also receiving a zero-cost grant; company posts strong Q4 2025 revenue growth

By Nina Shah CERS
Cerus Chief Medical Officer Disposes of 125,964 Shares, Retains Majority Stake
CERS

Cerus Corp's Chief Medical Officer, Richard J. Benjamin, sold 125,964 shares of company stock between March 5 and March 9, 2026, for about $202,334, while acquiring 55,220 shares at no cost on March 5. After the transactions, Benjamin directly holds 879,101 shares. The insider activity coincides with a recent 9.4% one-week share decline and follows Cerus’ robust fourth-quarter 2025 revenue report of $233.8 million, a 16% year-over-year increase.

Key Points

  • Richard J. Benjamin sold 125,964 Cerus shares between March 5 and March 9, 2026, for approximately $202,334.
  • Benjamin received 55,220 Cerus shares at zero cost through a non-derivative transaction on March 5 and now directly owns 879,101 shares.
  • Cerus reported Q4 2025 revenue of $233.8 million, a 16% increase year over year, with EPS of -$0.01 matching market expectations; the stock has shown short-term volatility (down 9.4% over the last week, up 63.6% over six months).

Richard J. Benjamin, the Chief Medical Officer of Cerus Corp (NASDAQ:CERS), executed a series of stock transactions between March 5 and March 9, 2026, that resulted in the sale of 125,964 shares of common stock for approximately $202,334.

The dispositions occurred over several trades and at varying prices. The most substantial set of sales took place on March 5, when Benjamin sold 61,233 shares in multiple transactions at prices ranging from $2.02 to $2.17 per share. On March 6 he sold 24,235 shares at a single price of $2.0055. The final tranche recorded on March 9 consisted of 40,426 shares sold in multiple transactions at prices between $1.855 and $1.91 per share. Across the March 5-9 window, the per-share sale prices ranged from $1.855 to $2.17.

In addition to these sales, Benjamin received 55,220 shares of Cerus common stock on March 5 through a non-derivative transaction at zero cost. Following completion of the recorded transactions, his direct ownership in Cerus stands at 879,101 shares.


These insider moves come amid recent share-price volatility. Cerus stock fell 9.4% over the prior week, although the stock remains up 63.6% over the past six months. A referenced InvestingPro analysis notes that CERS has a beta of 1.53, indicating a degree of historical volatility relative to the broader market. The company is described as a $374 million biotech firm in the material provided.

Separately, Cerus reported solid operating results for the fourth quarter of 2025. The company posted revenues of $233.8 million for Q4, a 16% increase compared with the same period a year earlier. Reported earnings per share for the quarter were -$0.01, which matched market expectations. The revenue growth was highlighted as a notable element of the quarter, and the EPS result was characterized as in line with estimates.

Within the information supplied, analysts are described as observing steady growth for Cerus, although no specific analyst upgrades or downgrades are mentioned. The material also indicates that investor reaction has been generally positive given the described stock behavior, and it frames the financial results as reinforcing the company’s operational momentum and strategic direction.


Summary: Benjamin carried out multiple sales totaling 125,964 shares for roughly $202,334 between March 5 and March 9, 2026, while also receiving 55,220 shares at no cost. Post-transactions, his direct holdings equal 879,101 shares. These moves occur against a backdrop of recent stock volatility and a fourth-quarter revenue gain of 16% year over year.

Note: The reporting here reflects only the transaction quantities, prices, dates, company financials, and attributed analysis as provided in the source material.

Risks

  • Short-term share-price volatility - CERS has exhibited pronounced moves, with a 9.4% decline over the past week and a beta of 1.53, indicating market sensitivity that could affect investor positions in biotech and related equities.
  • Concentration risk for insiders - While Benjamin still holds a substantial direct stake (879,101 shares), insider sales of material size can create uncertainty among shareholders in the biotech sector about timing and intent.
  • Earnings sensitivity - Although Q4 2025 revenue grew 16% year over year and EPS met expectations, the EPS remained negative at -$0.01, which underscores ongoing profitability pressures common to many biotech companies.

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