Form 4: C3.ai CEO Thomas Siebel Reports Stock Transactions
SEC Form 4 Filing
Thomas Siebel, CEO of C3.ai, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Thomas Siebel, the CEO of C3.ai, filed a Form 4 detailing changes in beneficial ownership.
- On June 1, 2024, 32,736 Restricted Stock Units (RSUs) vested and were converted into Class A Common Stock.
- Siebel disposed of 16,591 shares of Class A Common Stock on June 3, 2024, at a price of $29.57.
- On June 4, 2024, Siebel disposed of 16,145 shares of Class A Common Stock as a gift.
- Also on June 4, 2024, Siebel acquired 16,145 shares of Class A Common Stock as a gift.
- Following these transactions, Siebel directly owns 1,756,390 shares of Class A Common Stock.
- Siebel also indirectly owns shares through various trusts and partnerships, 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.
- The reported transactions include both acquisitions and disposals of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the tech industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 7/27/93 | Date of The Siebel Living Trust u/a/d |
| 12/01/2023 | RSUs vest quarterly from this date |
| 06/01/2024 | Exercise of Restricted Stock Units |
| 06/03/2024 | Disposal of Class A Common Stock |
| 06/04/2024 | Gift of Class A Common Stock |
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