Clover Health (CLOV) insider withholds 7,459 shares for taxes
Clover Health Investments Corp. insider tax withholding transaction A Clover Health Investments Corp. officer, serving as General Counsel and Secretary, reported an automatic share withholding related to restricted stock units.
Rhea-AI Filing Summary
Clover Health Investments Corp. insider tax withholding transaction
A Clover Health Investments Corp. officer, serving as General Counsel and Secretary, reported an automatic share withholding related to restricted stock units. On November 14, 2025, 7,459 shares of Class A common stock were withheld at a price of $2.47 per share to cover tax obligations triggered by the vesting of time-based restricted stock units granted on February 14, 2022. After this transaction, the reporting person beneficially owned 1,228,769 shares of Class A common stock. The underlying restricted stock units vest in quarterly installments of 6.25%, with the final vesting date scheduled for February 14, 2026, conditioned on continued service.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,459 | $2.47 | $18K |
Footnotes (1)
- F1. Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on November 14, 2025, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on February 14, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on February 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 CLOV report in this Form 4 filing?
The filing reports that a Clover Health Investments Corp. (CLOV) officer had 7,459 shares of Class A common stock automatically withheld on November 14, 2025 to cover tax obligations related to vesting restricted stock units.
Who is the reporting person in this Clover Health (CLOV) Form 4 and what is their role?
The reporting person is an officer of Clover Health Investments Corp., serving as General Counsel & Secretary, as indicated in the relationship section of the filing.
What are the vesting terms of the CLOV restricted stock units referenced in this Form 4?
The restricted stock units were granted on February 14, 2022. 6.25% of the original units vested on November 14, 2025, and the remaining units vest quarterly in equal 6.25% installments, with a final vesting date on February 14, 2026, subject to continued service.
Does this CLOV Form 4 report any derivative securities transactions?
The filing includes a section for Table II - Derivative Securities, but no specific derivative security acquisitions or dispositions are shown in the provided content.
What transaction code is used for the CLOV insider’s tax withholding event?
The transaction is coded as "F" in Table I, indicating payment of tax liability by delivering or withholding securities in connection with the vesting of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.