Form 4: C3.ai CEO Thomas Siebel Executes Stock Transactions, Adjusts Holdings

C3.ai CEO Thomas Siebel engaged in multiple stock transactions, including the vesting of restricted stock units and sales to cover tax obligations, resulting in adjustments to his direct and indirect holdings.

Summary

• Thomas Siebel, CEO of C3.ai, executed several transactions involving the company's Class A Common Stock.
• On December 1, 2024, 32,736 Restricted Stock Units (RSUs) vested, converting into shares of Class A Common Stock.
• Also on December 1, 2024, 16,591 shares were sold at $37.18 per share to cover tax obligations related to the vesting of the RSUs.
• On December 2, 2024, 16,145 shares were disposed of and then reacquired at $0 per share, likely due to a transfer between accounts.
• Following these transactions, Siebel's direct holdings decreased to 1,756,390 shares, while his indirect holdings increased to 6,496,029 shares.
• The indirect holdings are held through various entities including The Siebel Living Trust, First Virtual Holdings, LLC, Siebel Asset Management L.P., Siebel Asset Management III, L.P., and The Siebel 2011 Irrevocable Children's Trust.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported are typical for executives with stock-based compensation.
• The vesting schedule of 1/12th quarterly is a common vesting structure for RSUs.
• Sales of shares to cover tax obligations are also a common practice among executives receiving stock compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
• The sale of shares to cover tax obligations may have a slight downward pressure on the stock price, but this is likely to be minimal.

Key Dates

Keywords

C3.ai, Thomas Siebel, stock transactions, Form 4, insider trading, restricted stock units, Class A Common Stock, beneficial ownership