Form 4: C3.ai CEO Thomas Siebel Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Thomas Siebel, CEO of C3.ai, sold shares of Class A Common Stock on February 11 and 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Thomas Siebel, the CEO of C3.ai, executed multiple sales of Class A Common Stock on February 11 and 12, 2025.
- These transactions were conducted under a pre-established Rule 10b5-1 trading plan dated September 20, 2024.
- On February 11, 2025, Siebel exercised stock options to acquire 133,000 shares at a price of $1.86 per share and sold 552,422 shares at weighted average prices ranging from $32.43 to $34.37.
- On February 12, 2025, Siebel sold 99,701 shares at weighted average prices ranging from $31.51 to $32.76.
- Following these transactions, Siebel directly owns 1,237,267 shares of Class A Common Stock.
- Siebel also indirectly owns shares through various entities, including The Siebel Living Trust (5,002,227 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).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Insider sales are a common occurrence, but the market often scrutinizes them for signals about a company's prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
- The impact on employees, customers, suppliers, and creditors is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/27/1993 | Date of establishment of The Siebel Living Trust u/a/d. |
| 09/20/2024 | Date of the Rule 10b5-1 trading plan. |
| 02/11/2025 | Date of stock option exercise and sale of Class A Common Stock. |
| 02/12/2025 | Date of sale of Class A Common Stock. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
| 11/29/2026 | Expiration date of the stock options. |
Keywords
C3.ai, Thomas Siebel, stock sale, Form 4, Rule 10b5-1, AI, insider trading
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