Form 4: C3.ai CEO Thomas Siebel Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Thomas Siebel, CEO of C3.ai, executed multiple sales of Class A Common Stock between April 14 and April 16, 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 April 14 and April 16, 2025.
- The sales were executed under a previously established Rule 10b5-1 trading plan dated September 20, 2024.
- The transactions involved both direct and indirect holdings of Class A Common Stock.
- The weighted average sales prices ranged from $19.47 to $20.81 per share.
- Following these transactions, Siebel directly owns 0 shares and indirectly owns 4,990,226 shares through various trusts and partnerships.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the stock sales were pre-planned under a Rule 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.
Industry Context
Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information. The market typically views these sales in the context of the overall health and prospects of the company.
Comparison to Industry Standards
- Comparing Thomas Siebel's transactions to other tech CEOs' stock sales, it's important to consider the percentage of total holdings sold and the reasons behind the sales.
- For example, sales by executives at companies like Palantir or Snowflake are often scrutinized for similar patterns.
- Analyzing the trading volume and stock performance of C3.ai around these dates can provide further context, similar to how analysts assess insider activity at companies like Databricks or UiPath.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the pre-planned nature of the sales under Rule 10b5-1 may mitigate concerns.
- Employees may be indirectly affected by any resulting stock price volatility.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of the Rule 10b5-1 trading plan. |
| 04/11/2025 | Date of Power of Attorney execution. |
| 04/14/2025 | First transaction date for stock sales. |
| 04/15/2025 | Second transaction date for stock sales. |
| 04/16/2025 | Third transaction date for stock sales and filing date of the Form 4. |
Keywords
C3.ai, Thomas Siebel, stock sale, Form 4, Rule 10b5-1, insider trading, AI
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