This Form 3 is a standard initial beneficial ownership filing with no trading implications. Monitor for future Form 4 filings by Vassallo or Foundation Capital entities for any open-market purchases or sales, which would provide actionable signals.
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Executive Summary
Steven Vassallo, a manager of Foundation Capital entities, filed a Form 3 initial statement of beneficial ownership with Cerebras Systems Inc. (CBRS), reporting indirect ownership of approximately 14.1 million shares of Class A common stock underlying convertible preferred stock held by Foundation Capital funds. The filing is a routine insider ownership disclosure required under Section 16 of the Exchange Act, with no trading activity or material change in the company's operations.
Key Facts
- Steven Vassallo filed a Form 3 initial statement of beneficial ownership with Cerebras Systems Inc.
- Vassallo reports indirect beneficial ownership of shares through Foundation Capital entities: Foundation Capital VIII, L.P., Foundation Capital VIII Principals Fund, LLC, and Foundation Capital Leadership Fund II, L.P.
- Total reported shares: approximately 14.1 million shares of Class A common stock underlying convertible preferred stock (Series A through E).
- The filing includes a Power of Attorney (Ex-24) authorizing company officers to execute Section 16 and Rule 144 filings on Vassallo's behalf.
- No direct ownership or trading activity is reported; all shares are held indirectly through fund entities.
Financial Impact
No financial impact; the filing is a routine insider ownership disclosure with no transaction or change in economic interest.
Risk Factors
- No material risks identified from this filing alone.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001628280-26-034751 |
| Document: 0001628280-26-034751-index-headers.html | 0001628280-26-034751 |
| Document: 0001628280-26-034751-index.html | 0001628280-26-034751 |
| Document: 0001628280-26-034751.txt | 0001628280-26-034751 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | Insider Cluster | $196.20 $190.47 | ▲ +2.92% | ▲ +2.26% | $169.52 (+13.60%) |
Sep 4, 2026 27d ago | 144 | $199.77 $184.03 | ▼ −7.88% | ▼ −6.76% | $169.52 (−15.14%) |
Sep 1, 2026 4w ago | Press Release | $172.62 $196.20 | ▲ +13.66% | ▲ +13.58% | $169.52 (−1.80%) |
Aug 25, 2026 5w ago | Insider Cluster | $182.15 $184.52 | ▲ +1.30% | ▲ +1.42% | $169.52 (−6.93%) |
Aug 25, 2026 5w ago | Insider Cluster | $182.15 $184.52 | ▼ −1.30% | ▼ −1.42% | $169.52 (+6.93%) |
Aug 25, 2026 5w ago | Insider Cluster | $182.15 $184.52 | ▼ −1.30% | ▼ −1.42% | $169.52 (+6.93%) |
Aug 22, 2026 5w ago | Insider Cluster | $185.43 $184.24 | ▲ +0.64% | ▲ +1.11% | $169.52 (+8.58%) |
Aug 21, 2026 6w ago | Insider Cluster | $196.13 $179.08 | ▼ −8.69% | ▼ −9.17% | $169.52 (−13.57%) |
Aug 19, 2026 6w ago | Insider Cluster | $209.76 $186.67 | ▼ −11.01% | ▼ −12.12% | $169.52 (−19.18%) |
Aug 19, 2026 6w ago | Insider Cluster | $209.76 $186.67 | ▼ −11.01% | ▼ −12.12% | $169.52 (−19.18%) |
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