Form 4: C3.ai CEO Thomas Siebel Reports Stock Transactions
SEC Form 4 Filing
Thomas Siebel, CEO of C3.ai, reports transactions involving Class A Common Stock, including the vesting of Restricted Stock Units and charitable donations.
Summary
- Thomas Siebel, the CEO of C3.ai, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 1, 2024, 53,125 Restricted Stock Units (RSUs) vested, resulting in the acquisition of 53,125 Class A Common Stock.
- Also on November 1, 2024, 26,924 shares were disposed of to cover tax obligations at a price of $25.03 per share.
- On November 4, 2024, Mr. Siebel donated 26,201 shares of Class A Common Stock.
- Following these transactions, Mr. Siebel directly owns 1,756,390 shares of Class A Common Stock.
- He also indirectly owns a significant number of shares through various trusts and partnerships, including The Siebel Living Trust (4,959,934 shares), First Virtual Holdings, LLC (9,216 shares), Siebel Asset Management, L.P. (170,924 shares), Siebel Asset Management III, L.P. (72,695 shares), and The Siebel 2011 Irrevocable Children's Trust (1,237,115 shares).
- Mr. Siebel also directly owns 318,750 Restricted Stock Units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by an insider.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 7/27/93 | Date of The Siebel Living Trust u/a/d, as amended. |
| August 1, 2022 | Initial vesting date for 6.25% of each RSU award. |
| 11/01/2024 | Date of RSU vesting and stock disposal for tax obligations. |
| 11/04/2024 | Date of charitable donation of stock. |
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