Clover Health (CLOV) exec uses 6,197 vested shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clover Health Investments executive Jamie L. Reynoso, CEO, Medicare Advantage, had 6,197 shares of Class A Common Stock withheld on April 3, 2026 to cover tax obligations. The withholding related to the vesting of 6.25% of restricted stock units granted on January 3, 2023.
After this tax-withholding disposition, Reynoso directly holds 2,869,922 shares of Class A Common Stock. The remaining RSUs from the 2023 grant will vest in equal quarterly installments through January 3, 2027, subject to Reynoso’s continued service on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reynoso Jamie L.
Role
CEO, Medicare Advantage
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,197 | $1.72 | $11K |
Holdings After Transaction:
Class A Common Stock — 2,869,922 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 6,197 shares
Price per share for withholding: $1.72 per share
Shares held after transaction: 2,869,922 shares
+2 more
5 metrics
Shares withheld for taxes
6,197 shares
Class A Common Stock withheld on April 3, 2026
Price per share for withholding
$1.72 per share
Value used for 6,197-share tax-withholding disposition
Shares held after transaction
2,869,922 shares
Direct Class A Common Stock ownership after April 3, 2026
Vested RSU portion
6.25% of RSUs
Portion of January 3, 2023 RSU grant vesting on April 3, 2026
Final RSU vesting date
January 3, 2027
End of equal quarterly vesting schedule, subject to continued service
Key Terms
restricted stock units ("RSUs"), vesting, tax obligations, Class A Common Stock, +1 more
5 terms
restricted stock units ("RSUs") financial
"vesting on April 3, 2026, of 6.25% of the restricted stock units ("RSUs") granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"were automatically withheld to cover tax obligations due to the vesting on April 3, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax obligations financial
"Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations"
Class A Common Stock financial
"Represents shares of Class A Common Stock that were automatically withheld"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
equal quarterly installments financial
"The remaining RSUs will vest in equal quarterly installments, with the final vesting occurring"
FAQ
What did Clover Health (CLOV) executive Jamie Reynoso report in this Form 4?
Jamie L. Reynoso reported a tax-withholding disposition of 6,197 shares of Class A Common Stock. These shares were automatically withheld to cover tax obligations triggered by the vesting of previously granted restricted stock units on April 3, 2026.
What is the vesting schedule of Jamie Reynoso’s Clover Health RSUs from 2023?
The RSUs granted on January 3, 2023 vest in equal quarterly installments. A 6.25% portion vested on April 3, 2026, and the remaining RSUs will continue vesting quarterly, with final vesting scheduled for January 3, 2027, subject to continued service.