Clover Health (CLOV) Medicare Advantage CEO sells 5,833 shares in planned trade
Rhea-AI Filing Summary
Clover Health Investments executive Jamie L. Reynoso, CEO, Medicare Advantage, sold 5,833 shares of Class A common stock in an open-market transaction at a weighted average price of $1.91 per share. The shares were sold in multiple trades between $1.87 and $1.96 per share pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2025. After this sale, Reynoso directly holds 2,716,735 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,833 shares
Net Sell
1 txn
Insider
Reynoso Jamie L.
Role
CEO, Medicare Advantage
Sold
5,833 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,833 | $1.91 | $11K |
Holdings After Transaction:
Class A Common Stock — 2,716,735 shares (Direct)
Footnotes (1)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.87 to $1.96, inclusive. The Reporting Person undertakes to provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Remarks:
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Clover Health (CLOV) report for Jamie L. Reynoso?
Clover Health reported that executive Jamie L. Reynoso sold 5,833 Class A common shares. The sale was an open-market transaction under a Rule 10b5-1 trading plan, reflecting a small portion of her total direct holdings.
Was the Clover Health (CLOV) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by Jamie L. Reynoso on March 13, 2025. Such pre-arranged plans automate trading and can reduce the significance of trade timing.
What role does Jamie L. Reynoso hold at Clover Health (CLOV)?
Jamie L. Reynoso serves as CEO, Medicare Advantage at Clover Health. Her Form 4 filing reflects an open-market sale of 5,833 Class A shares while retaining more than 2.7 million shares in direct ownership after the transaction.