Form 4: CTEV Director Reclassifies 201,652 Class A Shares to Trust
Rhea-AI Filing Summary
White Dale A., a director of Claritev Corp (CTEV), reported transactions dated 08/21/2025 that moved 201,652 shares of Class A common stock from direct ownership into a revocable trust. The Form 4 shows a Code G transfer with a reported price of $0, indicating an internal transfer rather than a market sale. After the transfer the reporting person is shown with 160,080 shares held directly and 201,652 shares held indirectly by trust. The filing is signed by an attorney-in-fact on 08/25/2025.
Positive
- Beneficial ownership preserved as 201,652 shares were moved into a revocable trust rather than sold
- Clear disclosure with explanatory remark and signed Form 4 complying with Section 16 reporting
Negative
- Direct holdings decreased by 201,652 shares (now 160,080 direct)
- No sale proceeds reported (price $0), so no liquidity event for the shares
Insights
TL;DR: Routine internal transfer to a revocable trust preserves beneficial ownership while converting direct holdings to indirect ownership.
The transaction is documented as a Code G transfer of 201,652 Class A shares to a revocable trust where the reporting person and spouse serve as joint trustees. This is a common estate planning or ownership-structure action and does not indicate disposition to third parties or a market sale. The reporting person retains beneficial ownership via the trust, evidenced by the indirect ownership entry. For governance considerations, the company's insider ownership profile shifts nominally from direct to indirect holdings, which can slightly affect direct-holdings tallies but does not change aggregate beneficial interest disclosed on Form 4.
TL;DR: Form 4 shows an internal transfer (Code G) with no cash consideration; disclosure aligns with Section 16 reporting requirements.
The Form 4 lists two mirror entries dated 08/21/2025: a disposal of 201,652 shares (direct) and an acquisition of 201,652 shares (indirect) via a revocable trust, both recorded at $0. The filing includes the required explanatory remark clarifying the transfer to a revocable trust. From a reporting-compliance perspective, entries are consistent and the form is executed by an attorney-in-fact as signer on 08/25/2025. There is no indication of a market transaction or change in aggregate beneficial ownership beyond reclassification to indirect ownership.