C3.ai (NYSE: AI) gives director option on 132K shares
Rhea-AI Filing Summary
C3.ai, Inc. (AI) reported the initial holdings of new director John Charles Dwyer. He holds a stock option to acquire 132,077 shares of Class A common stock at an exercise price of $9.79 per share, expiring on August 24, 2036, plus 1,700 directly held Class A shares.
The option was granted under the 2020 Equity Incentive Plan in connection with his board appointment. Beginning after August 25, 2026, 5% of the option shares vest on the last day of each fiscal quarter he attends the regularly scheduled board meeting in person; missed-meeting tranches become “Suspended Shares” that vest only after the fifth anniversary of that vesting commencement date if attendance conditions are later satisfied.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dwyer John Charles
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (Right to Buy) F1, F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Option (Right to Buy) — 132,077 shares (Direct);
Class A Common Stock — 1,700 shares (Direct)
Footnotes (2)
- F1. In connection with the Reporting Person's appointment as a new director, the board of directors of the Company granted a stock option award under the Company's 2020 Equity Incentive Plan, as amended and restated from time to time.
- F2. Provided the Reporting Person remains a director of the Company and attends in person the regularly scheduled meeting of the Board during each fiscal quarter commencing after August 25, 2026 (the "Vesting Commencement Date"), then 5% of the shares subject to the option shall vest on the last day of such fiscal quarter (the "Quarterly Shares") during the term of the option, provided, however, if the Reporting Person fails to attend any such regularly scheduled meeting, then vesting for the Quarterly Shares shall not occur and will be suspended (any such suspended Quarterly Shares being referred to collectively as the "Suspended Shares"). For any Suspended Shares, such shares shall vest only following the fifth anniversary of the Vesting Commencement Date, if the Reporting Person satisfies the attendance requirements in subsequent periods.
Key Figures
Option underlying shares: 132,077 shares of Class A Common Stock
Option exercise price: $9.79 per share
Option expiration date: August 24, 2036
+4 more
7 metrics
Option underlying shares
132,077 shares of Class A Common Stock
Underlying shares for the Option (Right to Buy) held directly by the reporting person
Option exercise price
$9.79 per share
Exercise price for the Option (Right to Buy) on C3.ai Class A Common Stock
Option expiration date
August 24, 2036
Expiration date of the Option (Right to Buy) position
Direct common stock holdings
1,700 shares
Total Class A Common Stock directly owned following the reported holdings entry
Quarterly vesting rate
5% of option shares per fiscal quarter
Vests each fiscal quarter after August 25, 2026 with in-person board meeting attendance
Vesting commencement date
August 25, 2026
Date after which quarterly vesting of the option begins, subject to attendance
Suspended Shares vesting horizon
5 years after Vesting Commencement Date
Suspended Shares vest only following the fifth anniversary if attendance conditions are met
Key Terms
Option (Right to Buy, 2020 Equity Incentive Plan, Vesting Commencement Date, Quarterly Shares, +1 more
5 terms
Option (Right to Buy financial
"securityTitle": "Option (Right to Buy)""
2020 Equity Incentive Plan financial
"granted a stock option award under the Company's 2020 Equity Incentive Plan"
Vesting Commencement Date financial
"commencing after August 25, 2026 (the "Vesting Commencement Date")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
What did new director John Charles Dwyer report in his Form 3 for C3.ai (AI)?
He reported a stock option to acquire 132,077 shares of C3.ai Class A common stock at $9.79 per share, expiring August 24, 2036, and direct ownership of 1,700 Class A shares. These represent his initial reported holdings as a director.
What are the key terms of John Charles Dwyer’s option award at C3.ai (AI)?
The option covers 132,077 underlying shares of C3.ai Class A common stock at an exercise price of $9.79 per share and expires on August 24, 2036. It was granted under C3.ai’s 2020 Equity Incentive Plan in connection with his appointment as a director.
How does vesting work for John Charles Dwyer’s C3.ai (AI) option grant?
Starting after August 25, 2026, 5% of the option shares vest on the last day of each fiscal quarter that he remains a director and attends the regularly scheduled board meeting in person. Missed-meeting tranches become “Suspended Shares” that vest only after five years if attendance requirements are later met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
