Form 4: C3.ai CEO Thomas Siebel Executes Stock Sales Under 10b5-1 Plan

C3.ai's CEO, Thomas Siebel, sold a significant number of Class A Common Stock shares over two days, January 14th and 15th, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Thomas Siebel, CEO of C3.ai, executed multiple transactions involving Class A Common Stock on January 14th and 15th, 2025.
• These transactions included both the exercise of stock options and the sale of shares.
• The sales were conducted under a pre-established Rule 10b5-1 trading plan dated September 20, 2024.
• On January 14th, 409,831 shares were acquired through option exercise at $1.86 per share, and 409,831 shares were sold at an average price of $30.82.
• An additional 90,202 shares were sold on January 14th at an average price of $31.48.
• On January 15th, 255,601 shares were acquired through option exercise at $1.86 per share, and 222,212 shares were sold at an average price of $31.96.
• A further 33,389 shares were sold on January 15th at an average price of $32.66.
• Following these transactions, Mr. Siebel directly owns 1,756,390 shares of Class A Common Stock.
• Mr. Siebel also indirectly owns a substantial number of shares through various trusts and partnerships.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, as the transactions were pre-planned.

Risks

• The sale of a significant number of shares by the CEO could potentially be interpreted negatively by the market, although it was done under a pre-arranged trading plan.

Industry Context

This filing is a routine disclosure of insider transactions and is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including those in the technology sector like C3.ai.
• Similar filings are regularly made by executives at companies such as Palantir (PLTR), Snowflake (SNOW), and Datadog (DDOG), when they execute pre-planned stock transactions.
• The reported sales prices are within the typical range for stock transactions of this nature, reflecting the current market valuation of C3.ai.

Stakeholder Impact

• The stock sales by the CEO could potentially influence investor sentiment, although the pre-planned nature of the transactions mitigates this risk.

Key Dates

Keywords

C3.ai, Thomas Siebel, stock sales, Form 4, insider trading, Rule 10b5-1, stock options, Class A Common Stock