Clover Health (CLOV) Medicare Advantage CEO sells small stake under Rule 10b5-1 plan

Rhea-AI Filing Summary

Clover Health Investments, Corp. executive Jamie L. Reynoso, CEO of Medicare Advantage, reported an open-market sale of 2,384 shares of Class A Common Stock at $4.68 per share. After this transaction, Reynoso directly holds 2,832,598 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2026, indicating it was scheduled in advance as part of a trading program rather than a discretionary one-time decision.

Insider Trade Summary 10b5-1

Net Seller: 2,384 shares ($11,157)

Net Sell 1 txn

Insider Reynoso Jamie L.

Role CEO, Medicare Advantage

Sold 2,384 shs ($11K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,384	$4.68	$11K

Holdings After Transaction: Class A Common Stock — 2,832,598 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 2,384 shares Sale price: $4.68 per share Shares held after: 2,832,598 shares +2 more

5 metrics

Shares sold 2,384 shares Open-market sale of Class A Common Stock on July 8, 2026

Sale price $4.68 per share Average price for the 2,384 shares sold

Shares held after 2,832,598 shares Direct holdings following the reported sale

Net shares sold 2,384 shares Net-sell direction from transaction summary

Transactions classified as sales 1 transaction Single open-market sale in this Form 4

Key Terms

Rule 10b5-1 trading plan, open-market sale, Form 4

3 terms

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/09/2026 - 04:46 PM Accepted by SEC EDGAR 07/09/2026 - 04:45 PM Learn about SEC filing dates

FAQ

What insider transaction did CLOV executive Jamie L. Reynoso report?

Jamie L. Reynoso reported an open-market sale of 2,384 Clover Health Class A shares at $4.68 each. The transaction is disclosed on Form 4 and reflects a relatively small change compared with Reynoso’s remaining holdings.

How many CLOV shares does Jamie L. Reynoso hold after this Form 4?

After the reported sale, Jamie L. Reynoso directly holds 2,832,598 Clover Health Class A shares. This shows the transaction affected only a small portion of Reynoso’s overall position in the company’s stock.

At what price were Jamie L. Reynoso’s Clover Health shares sold?

The 2,384 Clover Health Class A shares were sold at an average price of $4.68 per share. This pricing detail helps investors understand the approximate dollar value of the insider’s transaction on that trading date.

Was the CLOV insider sale made under a Rule 10b5-1 plan?

Yes. The footnote states the sale was effected under a Rule 10b5-1 trading plan adopted on March 12, 2026. Such plans are pre-arranged and can indicate routine portfolio management rather than opportunistic trading.

What is the net share impact of Jamie L. Reynoso’s CLOV Form 4?

The Form 4 shows a net-sell direction of 2,384 shares, matching the single reported sale. There were no option exercises, gifts, or tax-withholding entries in this filing, so the entire change comes from that one open-market transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reynoso Jamie L.

(Last) (First) (Middle)

C/O CLOVER HEALTH INVESTMENTS, CORP.

NOT APPLICABLE

(Street)

WILMINGTON DELAWARE 19801

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CLOVER HEALTH INVESTMENTS, CORP. /DE [ CLOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, Medicare Advantage

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/08/2026		S		2,384(1)	D	$4.68	2,832,598	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2026.

Remarks:

	/s/Peter J. Rivas as attorney-in-fact for Jamie L. Reynoso	07/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)