Cerebras Systems Inc. insider Eric Vishria reported a change in beneficial ownership of the company’s Class A common stock tied to a Benchmark Capital distribution, not an open-market purchase or sale. The Form 4 reports a June 29, 2026 transaction involving 99,651 shares of Cerebras Class A common stock at a reported price of $0.00 per share. According to the explanatory note, the shares were part of a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P. and affiliated funds to their partners, including members and assignees. The distribution was made “not for additional consideration,” meaning no cash purchase price was paid in connection with the transfer. The filing further states that the shares are held by entities controlled by Vishria, indicating the reported ownership is indirect rather than shares necessarily held in his personal name. The document does not provide a post-transaction total ownership figure or list a transaction code in the supplied text. The key takeaway is that this filing reflects an internal venture-fund distribution of Cerebras shares connected to Benchmark-affiliated entities, rather than a market-timed insider trade. Such distributions can shift beneficial ownership from fund-level holdings to partners or related entities while leaving the economic exposure tied to the same underlying stock. The filing was signed on July 1, 2026, by An-Yen Hu under power of attorney for Vishria.