Clover Health Investments, Corp. (CLOV) reports RSU tax share withholding
Rhea-AI Filing Summary
Clover Health Investments, Corp.'s CEO for Medicare Advantage reported automatic share withholding transactions related to restricted stock unit vesting.
On December 14, 2025 and December 15, 2025, 12,567 and 8,691 shares of Class A Common Stock, respectively, were withheld at $2.7 per share to cover tax obligations when 6.25% quarterly tranches of time-based RSU grants from March 14, 2022 and September 16, 2022 vested. After these transactions, the officer directly beneficially owns 2,772,153 shares of Class A Common Stock, and the remaining RSUs continue to vest quarterly in 6.25% installments through March 14, 2026 and September 15, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,691 | $2.70 | $23K |
| Tax Withholding | Class A Common Stock | 12,567 | $2.70 | $34K |
Footnotes (1)
- 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. Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on December 15, 2025, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on September 16, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on September 15, 2026, subject to the continued service of the Reporting Person on each such vesting date.
FAQ
What insider stock transactions did Clover Health (CLOV) report in this filing?
The filing shows the CEO for Medicare Advantage had Class A Common Stock automatically withheld on December 14, 2025 and December 15, 2025 to cover tax obligations on vested RSUs.
What RSU grants are involved in the Clover Health (CLOV) insider transactions?
The shares relate to 6.25% quarterly vesting tranches of time-based RSUs originally granted on March 14, 2022 and September 16, 2022, with final vesting dates on March 14, 2026 and September 15, 2026, subject to continued service.
Are the Clover Health (CLOV) insider transactions open-market sales?
No. The filing states the shares were automatically withheld to cover tax obligations in connection with RSU vesting, rather than discretionary open-market sales.
How do the Clover Health (CLOV) RSUs vest for this officer?
The remaining RSUs from the March 14, 2022 and September 16, 2022 grants vest quarterly in equal 6.25% installments until final vesting on March 14, 2026 and September 15, 2026, conditioned on continued service.