Claritev Corp (CTEV) director awarded 8,977 RSUs, updates indirect holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Klein Michael Stuart reported acquisition or exercise transactions in this Form 4 filing.
Claritev Corp director Michael Stuart Klein reported an equity award and updated share holdings. He received 8,977 shares of Class A common stock as restricted stock units at $0.00 per share, bringing his direct holdings to 24,334 shares.
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual stockholder meeting, subject to continued service, with pro rata vesting in certain voluntary resignation scenarios. The filing also reports 195,490 Class A shares held indirectly by M. Klein Associates, Inc. and another entity for which he serves as managing member. Klein is the controlling stockholder of M. Klein Associates, Inc. and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Klein Michael Stuart
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 8,977 | $0.00 | -- |
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 24,334 shares (Direct, null);
Class A common stock — 195,490 shares (Indirect, See note)
Footnotes (1)
- Represents restricted stock units which vest on the earlier of the one-year anniversary of the grant date and the date of the next regularly scheduled annual meeting of stockholders of the issuer, subject to continued service through the vesting date; provided, however, that the restricted stock units vest pro rata based on the number of days of service provided to the issuer in the event of a voluntary resignation other than when grounds for termination for cause exist. Includes shares of Class A common stock directly held by M. Klein Associates, Inc. and another entity for which the Reporting Person serves as the managing member. The Reporting Person is the controlling stockholder of M. Klein Associates, Inc. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein. The Reporting Person disclaims beneficial ownership of any securities of the Issuer except to the extent of the Reporting Person's pecuniary interest therein.
Key Figures
RSU award: 8,977 shares
Grant price: $0.00 per share
Direct holdings after award: 24,334 shares
+3 more
6 metrics
RSU award
8,977 shares
Restricted stock units of Class A common stock granted
Grant price
$0.00 per share
Price for the 8,977 restricted stock units
Direct holdings after award
24,334 shares
Class A common stock held directly following the transaction
Indirect holdings
195,490 shares
Class A common stock held indirectly via entities associated with Klein
Acquire transactions
1
Grant, award, or other acquisition in transaction summary
Holding entries
1
Non-transactional holding line in transaction summary
Key Terms
restricted stock units, pecuniary interest, Section 16, beneficial owner, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units which vest on the earlier of the one-year anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership of any securities of the Issuer except to the extent of the Reporting Person's pecuniary interest"
Section 16 regulatory
"for purposes of Section 16 under the Securities Exchange Act of 1934, as amended"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
beneficial owner regulatory
"shall not be deemed to be an admission that ... the Reporting Person is the beneficial owner of any securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Class A common stock financial
"Includes shares of Class A common stock directly held by M. Klein Associates, Inc."
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.
