Clover Health (CLOV) CFO has 156,856 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clover Health Investments Chief Financial Officer Peter J. Kuipers reported a routine tax-related share withholding. On January 29, 2026, 156,856 shares of Class A Common Stock were automatically withheld at $2.31 per share to cover tax obligations from vesting restricted stock units.
This withholding relates to 6.25% of the original time-based RSU grant awarded on April 29, 2024. After the transaction, Kuipers beneficially owned 5,758,353 Class A shares. The remaining RSUs are scheduled to vest in equal quarterly installments through April 29, 2028, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kuipers Peter J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 156,856 | $2.31 | $362K |
Holdings After Transaction:
Class A Common Stock — 5,758,353 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Clover Health (CLOV) report for its CFO?
Clover Health reported that CFO Peter J. Kuipers had 156,856 Class A shares automatically withheld on January 29, 2026 to cover tax obligations from vesting RSUs. This is a non-open-market, tax-related transaction coded as “F” on the Form 4.
Was the Clover Health (CLOV) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 156,856 Class A shares were automatically withheld by the company to satisfy tax obligations triggered by RSU vesting, as indicated by transaction code “F” and the explanatory footnote in the filing.
What equity award is linked to the Clover Health (CLOV) CFO’s January 2026 Form 4?
The Form 4 relates to time-based restricted stock units granted to the CFO on April 29, 2024. On January 29, 2026, 6.25% of the original RSU grant vested, triggering automatic share withholding to cover associated tax obligations under the company’s equity plan.
What is the vesting schedule for the Clover Health (CLOV) CFO’s RSUs?
The CFO’s time-based RSUs vest in equal quarterly installments, with a final vesting date of April 29, 2028. Each vesting remains subject to his continued service on the applicable vesting dates, as described in the explanatory footnote to the Form 4 filing.