Form 4: C3.ai CEO Thomas Siebel Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Thomas Siebel, CEO of C3.ai, sold a portion of his Class A Common Stock between March 14 and March 18, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Thomas Siebel, the CEO of C3.ai, sold shares of Class A Common Stock between March 14 and March 18, 2025.
- The sales were executed under a pre-established Rule 10b5-1 trading plan dated September 20, 2024.
- On March 14, 2025, 294,116 shares were sold at an average price of $21.5.
- On March 17, 2025, 216,974 shares were sold at an average price of $21.88.
- On March 18, 2025, 127,191 shares were sold at an average price of $21.83, and an additional 800 shares were sold at an average price of $22.25.
- Following these transactions, Siebel directly owns 598,186 shares of Class A Common Stock.
- Siebel also indirectly owns shares through various entities, including The Siebel Living Trust (5,018,339 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 document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects. The sales were conducted under a pre-arranged plan, which mitigates potential negative interpretations.
Industry Context
Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. The market often interprets these sales in the context of the company's overall performance and future prospects.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, although the pre-planned nature of the sales may mitigate concerns.
- The impact on employees, customers, suppliers, and creditors is likely to be minimal, as the stock sales do not directly affect the company's operations.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of the Rule 10b5-1 trading plan. |
| 03/14/2025 | First transaction date: Sale of 294,116 shares. |
| 03/17/2025 | Second transaction date: Sale of 216,974 shares. |
| 03/18/2025 | Third transaction date: Sale of 127,191 shares and 800 shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.