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 his beneficial ownership of the company's stock.
- On May 1, 2024, 53,125 Class A Common Stock were acquired through the vesting of Restricted Stock Units (RSUs).
- Also on May 1, 2024, 26,924 Class A Common Stock were disposed of at a price of $22.69.
- On May 2, 2024, 26,201 Class A Common Stock were disposed of at a price of $0.
- Also on May 2, 2024, 26,201 Class A Common Stock were acquired at a price of $0.
- Following these transactions, Siebel directly owns 1,782,591 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.
- He directly owns 425,000 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of his confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 07/27/1993 | Date of The Siebel Living Trust u/a/d |
| 08/01/2022 | Initial vesting date of 6.25% of each RSU award |
| 05/01/2024 | Date of RSU vesting and stock disposal |
| 05/02/2024 | Date of stock disposal and acquisition |
| 05/03/2024 | Date of signature on the Form 4 filing |
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