Form 4: C3.ai CEO Thomas Siebel Reports Stock Transactions
SEC Form 4
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 securities.
- On March 1, 2024, Siebel acquired 32,735 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Also on March 1, 2024, 16,591 shares were disposed of at a price of $35.87.
- On March 4, 2024, 16,144 shares were disposed of as a gift.
- Following these transactions, Siebel directly owns 1,772,534 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.
- He directly owns 360,098 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it primarily reports transactions. The disposal of shares could be seen as slightly negative, but without further context, it's difficult to assess the overall impact.
Positives
- The vesting of RSUs indicates continued service and commitment by the CEO.
Negatives
- The disposal of shares could be interpreted negatively by some investors, although the reason for disposal is not specified.
Risks
- Significant stock transactions by insiders can sometimes create uncertainty in the market.
Industry Context
Insider transactions are common and closely monitored in the tech industry, especially for companies like C3.ai in the rapidly evolving AI sector.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice across publicly traded companies, including AI peers like Palantir (PLTR) and DataRobot.
- Form 4 filings are a regulatory requirement, ensuring transparency in insider trading activities, which is a global benchmark for corporate governance.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price.
- Employees may be interested in the CEO's stock activity as an indicator of company performance.
Key Dates
| Date | Description |
|---|---|
| 07/27/1993 | Date of The Siebel Living Trust u/a/d |
| 12/01/2023 | RSUs vest quarterly from this date. |
| 03/01/2024 | Acquisition of 32,735 shares through RSU vesting and disposal of 16,591 shares at $35.87. |
| 03/04/2024 | Disposal of 16,144 shares as a gift. |
| 03/05/2024 | Date of signature by Attorney-in-Fact. |
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