Cerebras falls below $185 IPO price as 19.4 million shares unlock and insiders file to sell

Cerebras shares fell 8.87% to $177.65 on October 1, below the $185 IPO price, as about 19.4 million shares became eligible for sale at the lock-up release. Insider Form 144 notices covered about $84.3 million of stock, led by COO Dhiraj Mallick. A Form 144 records an intent to sell, so executed sales would show up later in Form 4 filings.

• Shares down 8.87% to $177.65 from a $194.95 prior close
• About 19.4 million shares became eligible for sale
• Form 144 notices total about $84.3 million
• Mallick Form 144 about 396,000 shares, about $77.9 million
• CFO Bob Komin Form 144 about 32,500 shares, about $6.4 million