Watch CNBC's full interview with Cerebras Systems CEO Andrew Feldman
Discussed Q2 results, the growth strategy and AI chip demand, saying the company was "pretty proud of the results."
Watch or read →
CBRS Chief Executive
What Andrew D. Feldman says in public, and what their own SEC filings show they own.
Andrew D. Feldman
Co-Founder, CEO, President & Chairman · Cerebras Systems Inc.
Serial systems entrepreneur who sold SeaMicro to AMD before founding Cerebras in 2016 around the wafer-scale engine bet.
Ownership
Skin in the game
Level 2Aligned
Feldman owns 9.2% of Cerebras Systems Inc., worth $1.99B at the last close.
- SEC filings
- 9
Stake
26/35
Founder
0/15
Tenure
0/10
Track record
0/15
Direction
4/15
Discipline
10/10
Score = stake band (35) + founder (15) + tenure (10) + track record (15) + 12-month direction (−10…15) + filing discipline (10). Every input links to a filing or to the career file; the bands are ours.
Beneficial stake · 13G
10.4M
9.2% of the class · $1.99B at the Sep 11 close of $191.34
Reported · Forms 3, 4, 5
14.1M
Every lot on the person's own filings, as of Aug 24, 2026
Last open-market trade
Sale · $47.3M
Aug 21, 2026 · 237,559 shares at $199.27 avg · under a 10b5-1 plan
Paper trail
On time
No Form 4 filed outside the two-day window; form 144 flagged below
Reported Cerebras Systems Inc. shares
Dots mark the months the activity below moved the line. Hover one for the filing.
How the stake is held
| Security | Held via | Shares |
|---|---|---|
| Class B Common Stock | Direct | 13,945,134 |
| Class B Common Stock | GRAT 1 | 50,000 |
| Class B Common Stock | GRAT 2 | 50,000 |
| Class A Common Stock | Direct | 16,853 |
| Class A Common Stock | Feldman Bravo Family Trust | 686 |
| Reported as of 2026-08-24 | 14,062,673 | |
Why the two headline numbers differ
The 13G cover page counts the 10.4M shares the person can vote today. The Forms 4 add 3.7M more — typically an award that has not vested, which the person disclaims until it does. Never add them together.
- Held directly
- 99%
- Vehicles
- 3 trusts or entities
- Share classes
- 2
- Last filing
- Aug 25, 2026
Activity · last 12 months
| Date | Type | What happened | Shares | Price | Value | Note |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Other | Other acquisition or disposition · Class A Common Stock | +120 | — | — | Through Feldman Bravo Family Trust |
| Aug 21, 2026 | Gift | Gift · Class A Common Stock | −50,000 | — | — | |
| Aug 21, 2026 | Convert | Conversion of a derivative · Class A Common Stock | +237,559 | — | — | |
| Aug 21, 2026 | Sale | Open-market sale across 13 lots, $196.20–$210.21 · Class A Common Stock | −237,559 | $199.27 avg | $47.3M | under a 10b5-1 plan |
| Aug 21, 2026 | Exercise | Option or RSU conversion · Class B Common Stock | +237,559 | — | — | |
| Aug 21, 2026 | Convert | Conversion of a derivative · Class B Common Stock | −237,559 | — | — | |
| Aug 18, 2026 | Convert | Conversion of a derivative · Class A Common Stock | +93,497 | — | — | |
| Aug 18, 2026 | Sale | Open-market sale across 26 lots, $214.85–$240.01 · Class A Common Stock | −26,644 | $222.22 avg | $5.9M | no 10b5-1 plan |
| Aug 18, 2026 | Convert | Conversion of a derivative · Class B Common Stock | −93,497 | — | — | |
| Aug 17, 2026 | Other | Other acquisition or disposition · Class A Common Stock | +298 | — | — | Through Feldman Bravo Family Trust |
Every issuer Andrew D. Feldman files as an insider of
| Company | Role | Reported | Beneficial | % of class |
|---|---|---|---|---|
| CBRS Cerebras Systems Inc. This page | CEO, President | 14M 2026-08-24 |
10M | 9.2% |
| CBRS: 3,665,441 shares on the Section 16 filings are excluded from the SCHEDULE 13G figure — read the cover page for why. | ||||
Reported is every lot on the person's own Forms 3, 4 and 5 — direct and through trusts. Beneficial is the figure stated on the latest Schedule 13D/G cover page, which can exclude shares the person disclaims and include options exercisable within 60 days, so the two are never added together.
Paper trail
- Form 144 Form 144 filed 2026-08-21 announces an intended sale. Filing ↗
- Form 144 Form 144 filed 2026-08-18 announces an intended sale. Filing ↗
- Sale 2026-08: sold 264,203 Cerebras Systems Inc. shares for $53,259,772, partly under a 10b5-1 plan (2 filings). Filing ↗
- Sale 2026-06: sold 17,990 Cerebras Systems Inc. shares for $3,113,283, with the 10b5-1 box unticked (1 filing). Filing ↗
- Gift 2026-08: gifted 50,000 Cerebras Systems Inc. shares — a gift reports no price and no recipient (1 filing). Filing ↗
9 filings under CIK 0002039573 · captured 2026-09-05 · All filings on EDGAR ↗
Earnings calls
Podcasts, interviews & articles
10 recorded appearances
2026
Cerebras CEO Andrew Feldman Talks Data Center Capacity
Argued data-center capacity, not demand, is the binding constraint on Cerebras' growth, with power availability the primary bottleneck.
Watch or read →The Biggest Chip Ever Built — Why OpenAI Runs On It | Cerebras CEO Andrew Feldman
Long-form explanation of the wafer-scale bet: why a dinner-plate-sized chip wins on inference latency, and why frontier labs including OpenAI route workloads to it.
Watch or read →
Open Source Wins, AGI Is Here, and Scorsese's AI Toolkit with CEOs of Cerebras & Black Forest Labs
Feldman's segment covers the scale of the data-center buildout, why inference and reasoning workloads break Moore's-Law economics, and his view on open source, AI sovereignty and the road to AGI.
Watch or read →Watch CNBC's full interview with Cerebras CEO Andrew Feldman
First earnings interview since the May IPO; walked through the gross-margin outlook and the shape of demand.
Watch or read →20VC: Cerebras CEO on the Future of Data Centres, Token Costs and Memory | We are Not in an Infra Bubble & Dario Got a Bad Deal with Elon for Compute | Should US Companies Sell to China & Why Most Layoffs are AI Washed with Andrew Feldman
Rejected the infrastructure-bubble framing - build-out is tracking booked demand, and power, not capital, is the bottleneck. Also argued most "AI-driven" layoffs are AI-washed cost cuts.
Watch or read →Why Cerebras CEO Andrew Feldman Built The World's Largest Computer Chip
Explained the engineering and economic logic of wafer-scale integration versus GPU clusters, and why GPUs struggle to deliver fast inference.
Watch or read →
The Story Behind Cerebras' $63 Billion IPO with Founder and CEO Andrew Feldman
Walked Sarah Guo and Elad Gil through the road to the IPO - the years of doubt about wafer-scale, and how inference speed became the wedge against Nvidia.
Watch or read →Cerebras CEO Andrew Feldman on IPO debut: This is the right way to fund our growth
IPO-day interview: defended going public as the right funding structure for the build-out, and discussed the OpenAI and AWS partnerships.
Watch or read →2025
20VC: Cerebras CEO on Why Raise $1BN and Delay the IPO | NVIDIA Showing Signs They Are Worried About Growth | Concentration of Value in Mag7: Will the AI Train Come to a Halt | Can the US Supply the Energy for AI with Andrew Feldman
Explained the decision to raise $1bn privately and push the IPO out, argued Nvidia's behavior showed concern about growth, and questioned whether US energy supply can keep up with AI demand.
Watch or read →
