Cerebras Systems CEO Andrew Feldman and CTO Sean Lie sold a combined $200 million in shares between August 20 and September 4, 2026. The sales followed the company’s initial public offering in May 2026.
CTO Sean Lie sold approximately 710,000 shares. These sales totaled roughly $145.7 million. CEO Andrew Feldman sold shares worth approximately $55.7 million. Feldman’s direct stake now stands at 16,853 shares.
The sales occurred as the company reported significant financial pressure in the second quarter of 2026. GAAP gross margins fell to 14.45% during the period. This figure represents a sharp decline from 44.56% in the previous quarter. Free cash flow burn reached negative $476.7 million.