Form 4: C3.ai CEO Thomas Siebel Executes Stock Options and RSU Vesting
SEC Form 4
Thomas Siebel, CEO of C3.ai, exercised stock options and had restricted stock units vest, resulting in changes to his direct and indirect beneficial ownership of Class A Common Stock.
Summary
- On August 30, 2024, Thomas Siebel, CEO of C3.ai, exercised stock options to acquire 537,634 shares of Class A Common Stock at a price of $1.86 per share.
- On September 1, 2024, 32,736 Restricted Stock Units (RSUs) vested, each representing a contingent right to receive one share of C3.ai's Class A Common Stock.
- Siebel disposed of 16,591 shares on September 1, 2024, at a price of $23.34.
- On September 3 and 4, 2024, Siebel transferred shares as gifts.
- Following these transactions, Siebel directly owns 1,756,390 shares of Class A Common Stock and indirectly owns 4,933,733 shares through various trusts and partnerships.
- He also directly owns 798,432 stock options and 294,626 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's confidence in the company's future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The transactions reflect the compensation structure for the CEO.
Key Dates
| Date | Description |
|---|---|
| 7/27/93 | Date of The Siebel Living Trust u/a/d |
| 11/30/2016 | Start date for vesting of stock options over a five-year period. |
| 12/01/2023 | Start date for vesting of RSUs on a quarterly basis. |
| 08/30/2024 | Exercise of stock options for 537,634 shares at $1.86. |
| 09/01/2024 | Vesting of 32,736 Restricted Stock Units (RSUs) and disposal of 16,591 shares at $23.34. |
| 09/03/2024 | Gift transfer of shares. |
| 09/04/2024 | Gift transfer of shares. |
| 11/29/2026 | Expiration date of stock options. |
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