Form 4: C3.ai CEO Thomas Siebel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas Siebel, CEO of C3.ai, reports transactions involving Class A Common Stock, including the grant of Restricted Stock Units (RSUs) and various disposals and acquisitions.
Summary
- Thomas Siebel, the CEO of C3.ai, filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
- On August 5, 2024, Siebel acquired 41,841 shares through the grant of Restricted Stock Units (RSUs) at $0, which are fully vested.
- On the same day, he disposed of 21,206 shares at $23.90.
- On August 6, 2024, he disposed of 20,635 shares at $0.
- Following these transactions, Siebel directly owns 1,756,390 shares and indirectly owns 4,379,954 shares through various trusts and partnerships.
- The indirect holdings are through 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: Neutral sentiment as the document primarily reports transactions without indicating a clear positive or negative outlook. The disposals are balanced by the RSU grant.
Positives
- The grant of RSUs to the CEO could be seen as an incentive aligning his interests with shareholders.
Negatives
- The disposal of shares by the CEO could be interpreted negatively by some investors.
Risks
- Significant stock transactions by insiders can create uncertainty in the market.
Industry Context
Insider trading activity is always closely watched in the tech industry, especially for companies like C3.ai in the rapidly evolving AI sector. Investors often use this information to gauge management's confidence in the company's future prospects.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in financial analysis.
- Comparing Siebel's transactions to those of executives at similar AI-focused companies (e.g., Palantir, DataRobot) can provide context.
- Analyzing the ratio of acquisitions to disposals against industry averages can offer insights into sentiment.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price.
- Employees holding company stock may also be affected by market reactions.
Key Dates
| Date | Description |
|---|---|
| 07/27/1993 | Date of The Siebel Living Trust u/a/d |
| 08/05/2024 | Date of RSU grant and stock disposal |
| 08/06/2024 | Date of stock disposal |
| 08/07/2024 | Date of signature by Attorney-in-Fact |
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