Clover Health CEO reports RSU vesting and tax share withholding
Clover Health Investments, Corp. reported an insider share withholding related to restricted stock vesting.
Rhea-AI Filing Summary
Clover Health Investments, Corp. reported an insider share withholding related to restricted stock vesting. On December 14, 2025, an officer serving as CEO, Counterpart Health had 98,411 shares of Class A common stock automatically withheld at $2.7 per share to cover tax obligations when a portion of previously granted restricted stock units vested.
After this transaction, the reporting person beneficially owned 1,051,674 Class A shares directly and 1,610,482 shares indirectly through a trust. The withheld shares correspond to 6.25% of the original time-based RSU grant made on March 14, 2022, which continues to vest in equal 6.25% quarterly installments through March 14, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 98,411 | $2.70 | $266K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on December 14, 2025, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on March 14, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on March 14, 2026, 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 insider transaction did Clover Health (CLOV) report in this filing?
The filing reports that an officer of Clover Health Investments, Corp. had 98,411 shares of Class A common stock automatically withheld to cover tax obligations when restricted stock units vested on December 14, 2025.
What is the vesting schedule of the Clover Health (CLOV) RSUs mentioned?
The RSUs were granted on March 14, 2022. 6.25% of the original grant vested on December 14, 2025, and the remaining units vest quarterly in equal 6.25% installments, with a final vesting date on March 14, 2026, subject to continued service.
What does the transaction code "F" mean in this Clover Health (CLOV) insider filing?
The transaction is coded "F", indicating shares of Class A common stock were withheld to cover tax obligations upon the vesting of restricted stock units.
What is the insider’s role in relation to Clover Health (CLOV)?
The reporting person is listed as an officer with the title CEO, Counterpart Health in relation to Clover Health Investments, Corp.
AI-generated analysis. How Rhea-AI works. Not financial advice.