Clover Health (CLOV) insider details RSU vesting and tax withholding
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
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Negative
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FAQ
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.
How many Clover Health (CLOV) shares were withheld for taxes and at what price?
The insider had 98,411 Class A common shares withheld at a price of $2.7 per share to satisfy tax obligations tied to RSU vesting.
How many Clover Health (CLOV) shares does the insider own after this transaction?
Following the transaction, the reporting person beneficially owned 1,051,674 Class A common shares directly and 1,610,482 shares indirectly through a trust.
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.