CLOV Insider Filing: Director Adds Shares; 151,725 Removed from Prior Ownership
Rhea-AI Filing Summary
Anna U. Loengard, a director of Clover Health Investments, reported purchases of Class A common stock executed on 08/13/2025 and a reduction in previously reported beneficial ownership. The filing shows two custodial IRA purchases for the reporting person’s children: 12,000 shares at $2.60 and 14,500 shares at $2.59, held indirectly in a son’s and daughter’s IRA, respectively. The report also states the reporting person no longer has a reportable beneficial interest in 151,725 shares previously held by an ex-spouse. Following the transactions reported, Loengard beneficially owns 29,610 and 27,600 shares indirectly as noted.
Positive
- Director-level insider reported purchases, showing continued family-directed accumulation of CLOV shares
- Purchases executed at low per-share prices ($2.59 and $2.60), adding a total of 26,500 Class A shares into custodial IRAs
Negative
- Reporting person no longer has beneficial interest in 151,725 shares previously included in prior ownership reports due to ex-spouse holdings
Insights
TL;DR: Director made small custodial purchases; previously reported indirect holdings were reduced due to change in marital status.
The Form 4 discloses routine open-market purchases executed by or for family-member custodial IRAs, not direct purchases by the director. The transactions are modest in size relative to typical institutional holdings and are recorded as indirect ownership. The filing also documents the removal of 151,725 shares from the director’s reportable holdings because those shares are now held by an ex-spouse. For governance review, this is an administrative update reflecting personal custody arrangements rather than a corporate governance action affecting board composition.
TL;DR: Two small purchases at ~$2.59–$2.60 per share recorded; net reportable beneficial interest decreased by 151,725 shares.
The reported purchases—12,000 shares at $2.60 and 14,500 shares at $2.59—represent minor additions held in custodial IRAs for family members and are logged as indirect ownership. There is no exercise of derivatives or other transactions reported. The material change is the removal of 151,725 shares from prior reported ownership due to transfer of those shares to an ex-spouse, which reduces previously disclosed beneficial exposure but does not indicate sales or market dispositions by the reporting person themselves.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 12,000 | $2.60 | $31K |
| Purchase | Class A Common Stock | 14,500 | $2.59 | $38K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Held in a custodial IRA for the benefit of Reporting Person's son, for which the Reporting Person serves as custodian. Held in a custodial IRA for the benefit of Reporting Person's daughter, for which the Reporting Person serves as custodian. The Reporting Person no longer has a reportable beneficial interest in 151,725 shares held by her now ex-spouse. Such shares were included in the Reporting Person's prior ownership report.
