Cerus adopts new change-in-control severance plan for senior executives

• Cerus adopted a new severance plan on April 17, 2026, replacing prior severance arrangements for participating officers including CFO Kevin D. Green, COO Vivek Jayaraman, CMO Richard Benjamin, and Chief Legal Officer Chrystal N. Jensen.
• For terminations without cause or resignations for good reason within 12 months of a change of control, plan provides lump-sum cash severance equal to 18 months base salary plus 1.5 times target cash bonus.
• Change-of-control benefits also include company-paid COBRA premiums for 18 months and full acceleration of outstanding equity awards.
• Separate non-change-of-control terms grant Green and Jensen 12 months base-salary severance and up to 12 months of company-paid COBRA premiums.
• Jayaraman receives 24 months base salary plus 2 times target bonus if serving as CEO in a change-of-control event, with 12 months base-salary severance outside a change of control and full equity acceleration if terminated while serving as CEO.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cerus Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001020214-26-000007), on April 21, 2026, and is solely responsible for the information contained therein.