Clover Health CLO Karen Soares granted 382K RSUs
Soares Karen reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Soares Karen reported acquisition or exercise transactions in this Form 4 filing.
Clover Health Investments Chief Legal Officer Karen Soares received a grant of 382,522 shares of Class A common stock in the form of time-based restricted stock units. These RSUs were awarded at no cash cost and increase her direct ownership to 1,582,583 shares after the grant.
Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026. The remaining units will then vest in twelve equal quarterly installments beginning three months after that first anniversary, with all RSUs fully vested on April 1, 2030, assuming she continues in service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 382,522 shares
Grant/Award
1 txn
Insider
Soares Karen
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 382,522 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 1,582,583 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A common stock underlying a time-based restricted stock unit award ("RSUs"). Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026, and the remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after the first anniversary of April 1, 2026, in each case subject to the continued service of the Reporting Person on each such vesting date, so that such RSUs will be fully vested on April 1, 2030.
Key Figures
RSUs granted: 382,522 shares
Post-transaction holdings: 1,582,583 shares
Grant price: $0.00 per share
+3 more
6 metrics
RSUs granted
382,522 shares
Time-based restricted stock unit award to Chief Legal Officer
Post-transaction holdings
1,582,583 shares
Total Class A common stock directly owned after grant
Grant price
$0.00 per share
Equity compensation award, no cash paid for RSUs
Initial vesting milestone
25% on first anniversary of April 1, 2026
First tranche of RSUs vests after one year
Final vesting date
April 1, 2030
All RSUs fully vested by this date, subject to service
Quarterly vesting tranches
12 installments
After initial 25% vest, remaining RSUs vest quarterly
Key Terms
restricted stock unit, RSUs, vesting, Class A common stock, +1 more
5 terms
restricted stock unit financial
"Represents shares of Class A common stock underlying a time-based restricted stock unit award ("RSUs")."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSUs financial
"Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026,"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"the remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A common stock financial
"Represents shares of Class A common stock underlying a time-based restricted stock unit award"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
continued service financial
"in each case subject to the continued service of the Reporting Person on each such vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Clover Health (CLOV) disclose about Karen Soares in this Form 4?
Clover Health reported that Chief Legal Officer Karen Soares received 382,522 time-based restricted stock units of Class A common stock. This is a compensation-related equity grant, not an open-market stock purchase or sale, and increases her directly owned shares to 1,582,583 after the grant.
What is the vesting schedule for Karen Soares’ CLOV restricted stock units?
Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026. The remaining units vest in twelve equal quarterly installments starting three months after that anniversary, with all RSUs fully vested by April 1, 2030, assuming continued service throughout.
When will Karen Soares’ CLOV restricted stock units be fully vested?
The restricted stock units are scheduled to be fully vested on April 1, 2030. Vesting occurs gradually, with 25% vesting on the first anniversary of April 1, 2026, followed by twelve equal quarterly vesting installments beginning three months after that anniversary date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
