Clover Health (CLOV) director gets 79,365 RSUs vesting in 2027 shares
Rhea-AI Filing Summary
Clover Health Investments, Corp. reported that director Demetrios L. Kouzoukas received an equity award in the form of restricted stock units. On January 6, 2026, he acquired 79,365 shares of Class A common stock at a price of $0 per share, reflecting the grant of time-based RSUs rather than a cash purchase.
These RSUs represent shares that will vest in full on the first anniversary of January 6, 2026, as long as he continues to serve as a director through that vesting date. After this grant, Kouzoukas beneficially owned 605,980 shares of Class A common stock, held directly.
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FAQ
What insider transaction did CLOV disclose for Demetrios L. Kouzoukas?
Clover Health Investments, Corp. disclosed that director Demetrios L. Kouzoukas was granted 79,365 shares of Class A common stock via restricted stock units on January 6, 2026.
Were the CLOV shares acquired by the director purchased with cash?
No. The 79,365 shares reported for Demetrios L. Kouzoukas were granted at $0 per share as part of a restricted stock unit (RSU) award, not bought in the open market.
When do the CLOV restricted stock units granted to Demetrios L. Kouzoukas vest?
The RSUs granted to Demetrios L. Kouzoukas will vest in full on the first anniversary of January 6, 2026, if he continues serving as a director through that date.
How many CLOV shares does Demetrios L. Kouzoukas own after this transaction?
Following the reported RSU grant, Demetrios L. Kouzoukas beneficially owned 605,980 shares of Class A common stock of Clover Health Investments, Corp., held directly.
What is the nature of the CLOV equity award reported for the director?
The award to Demetrios L. Kouzoukas consists of time-based restricted stock units (RSUs) that convert into Class A common shares upon vesting, subject to his continued service as a director.