Clover Health (CLOV) GC has 6,090 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clover Health Investments General Counsel & Secretary Karen Soares reported a tax-related share disposition. On February 14, 2026, 6,090 shares of Class A common stock were automatically withheld at $2.02 per share to cover tax obligations upon vesting of restricted stock units granted on February 14, 2022. After this withholding, she directly owned 1,204,589 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soares Karen
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,090 | $2.02 | $12K |
Holdings After Transaction:
Class A Common Stock — 1,204,589 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CLOV executive Karen Soares report?
Karen Soares reported a tax-withholding share disposition. On February 14, 2026, 6,090 shares of Class A common stock were automatically withheld to satisfy tax obligations tied to vesting restricted stock units, rather than being sold in an open-market transaction.
Was the CLOV Form 4 transaction an open-market sale by Karen Soares?
No, the transaction was not an open-market sale. The Form 4 shows a code F transaction, meaning shares were automatically withheld by the company to pay tax liabilities arising from restricted stock unit vesting.
What triggered the tax-withholding disposition reported in the CLOV Form 4?
The disposition was triggered by RSU vesting. The shares were withheld to cover taxes when the final 6.25% of the original time-based restricted stock units granted on February 14, 2022 vested on February 14, 2026.
What does transaction code F mean in the Clover Health (CLOV) Form 4?
Transaction code F indicates a tax-withholding disposition. It shows that securities were delivered or withheld to pay the exercise price or tax liability associated with an equity award, instead of representing a standard open-market buy or sell.