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Clover Health officer proposes $40.7K share sale

The notice says the proposed sale is intended to fund tax withholding on restricted stock unit vesting and settlement, rather than a discretionary transaction.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Clover Health Investments, Corp. (CLOV) is named as issuer in a notice that Jamie Reynoso, an officer, proposes to sell 8,706 Class A common shares, with an aggregate market value of $40,744.08. The notice gives an approximate sale date of October 5, 2026, and names Morgan Stanley Smith Barney LLC as broker. It says the sale is a sell-to-cover transaction for tax withholding on restricted stock unit vesting and settlement, not a discretionary sale.

Proposed shares to be sold 8,706 shares Class A common stock
Aggregate market value $40,744.08 Proposed sale
Shares outstanding 435,441,337 shares Issuer figure listed in the securities information
sell to cover financial
"sell to cover transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
Restricted Stock Units financial
"Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 Plan Sales financial
"10b5-1 Plan Sales for Jamie Reynoso"
Rule 144 regulatory
"paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CLOV shares does Jamie Reynoso propose to sell?

Jamie Reynoso proposes to sell 8,706 Class A common shares, with an aggregate market value of $40,744.08. The notice gives an approximate sale date of October 5, 2026.

What prior CLOV sales does Jamie Reynoso list?

The notice lists five prior 10b5-1 plan sales: 6,229 shares for $32,764.54 on July 6, 2026; 2,384 shares for $11,153.07 on July 8; 13,119 shares for $61,265.73 on July 15; 4,839 shares for $21,908.57 on July 17; and 9,273 shares for $44,324.94 on September 15.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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