C3.ai CEO gifts shares and sells stock for RSU taxes
C3.ai, Inc. Chief Executive Officer Stephen Bradley Ehikian reported several equity transactions involving Class A Common Stock.
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Rhea-AI Filing Summary
C3.ai, Inc. Chief Executive Officer Stephen Bradley Ehikian reported several equity transactions involving Class A Common Stock. He received a fully vested grant of 27,503 Restricted Stock Units (RSUs), each representing one share upon settlement. To cover tax withholding obligations related to vested RSUs, 50,542 shares were automatically withheld and sold by the issuer at a weighted-average price of $9.45 per share. He also made two bona fide gifts totaling 88,756 shares, including one transfer from the Stephen Bradley Ehikian Revocable Trust, where he is sole trustee. After these moves, he directly holds 606,752 shares and indirectly holds 274,182 shares through the trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 44,378 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 44,378 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,542 | $9.45 | $478K |
| Grant/Award | Class A Common Stock | 27,503 | $0.00 | $0.00 |
Footnotes (4)
- F1. Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock upon settlement. The RSUs are fully vested.
- F2. Pursuant to the Issuer's policies and practice, these shares of Class A Common Stock were automatically withheld and sold by the Issuer to satisfy the Reporting Person's tax withholding obligations related to the vesting of RSUs previously granted and RSUs reported herein.
- F3. The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $9.24 to $9.5923, inclusive. The Reporting Person will provide upon request to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4. The shares are held by the Stephen Bradley Ehikian Revocable Trust, of which the Reporting Person is the sole trustee.
Key Figures
Key Terms
Restricted Stock Units (RSUs) financial
bona fide gift financial
weighted-average price financial
Revocable Trust financial
FAQ
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What insider transactions did C3.ai (AI) CEO Stephen Bradley Ehikian report?
What RSU grant did the C3.ai (AI) CEO receive in this Form 4 filing?
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