C3.ai (NYSE: AI) CFO receives RSU awards and sells shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C3.ai, Inc. Chief Financial Officer Hitesh Lath reported a mix of equity awards and share sales involving Class A Common Stock. He received two grants totaling 198,619 Restricted Stock Units (RSUs), including one award of 100,000 RSUs that will vest on September 15, 2027 with the remainder vesting over the following 12 months, subject to continued service.
He also reported the sale of 48,619 shares at a weighted-average price of $8.77 per share, with the filing noting these shares were automatically sold by the issuer to cover tax withholding obligations related to RSU vesting and were executed under a previously established Rule 10b5-1 plan. Following these transactions, Lath holds 383,106 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 48,619 shares ($426,389)
Net Sell
4 txns
Insider
Lath Hitesh
Role
CHIEF FINANCIAL OFFICER
Sold
48,619 shs ($426K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 27,304 | $8.77 | $239K |
| Sale | Class A Common Stock | 21,315 | $8.77 | $187K |
| Grant/Award | Class A Common Stock | 150,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 48,619 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 404,421 shares (Direct, null)
Footnotes (1)
- 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. 100,000 RSUs award shall on September 15, 2027, and the remaining RSUs will vest 12 months thereafter (i.e., total of 27 months) so long as the Reporting Person continues to provide services through such vesting dates. Represents the grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs are fully vested. 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 reported herein. The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $8.675 to $8.8766, 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. Transaction pursuant to previously established Rule 10b5-1 Plan.
Key Figures
Shares sold: 48,619 shares
Sale price: $8.77 per share
RSU grants: 198,619 RSUs
+2 more
5 metrics
Shares sold
48,619 shares
Class A Common Stock sold at weighted-average $8.77
Sale price
$8.77 per share
Weighted-average sale price for 48,619 shares
RSU grants
198,619 RSUs
Total RSUs granted to CFO Hitesh Lath
Time-based vesting
100,000 RSUs
Vest on September 15, 2027, remainder over next 12 months
Post-transaction holdings
383,106 shares
Class A Common Stock held directly after transactions
Key Terms
Restricted Stock Units (RSUs), Rule 10b5-1 Plan, weighted-average price, tax withholding obligations
4 terms
Restricted Stock Units (RSUs) financial
"Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Rule 10b5-1 Plan regulatory
"Transaction pursuant to previously established Rule 10b5-1 Plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted-average price financial
"The price reported is a weighted-average price. These shares were sold in multiple transactions"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
tax withholding obligations financial
"sold by the Issuer to satisfy the Reporting Person's tax withholding obligations related to the vesting of RSUs"
FAQ
What did C3.ai (AI) CFO Hitesh Lath report in this Form 4?
C3.ai CFO Hitesh Lath reported new equity awards and related share sales. He received 198,619 RSUs and had 48,619 shares sold to satisfy tax withholding obligations tied to RSU vesting, executed under a previously established Rule 10b5-1 trading plan.
What RSU grants did C3.ai (AI) CFO Hitesh Lath receive?
Hitesh Lath received two RSU grants totaling 198,619 units, each unit representing one Class A share upon settlement. One 100,000-RSU award vests on September 15, 2027, with remaining RSUs vesting over the following 12 months, conditioned on continued service.