Form 4: C3.ai CEO Thomas Siebel Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
C3.ai CEO Thomas Siebel sold shares of Class A Common Stock on May 13 and 14, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Thomas Siebel, CEO of C3.ai, sold shares of Class A Common Stock on May 13 and 14, 2025.
- The sales were executed under a Rule 10b5-1 trading plan established on September 20, 2024.
- On May 13, 2025, 341,698 shares were sold at a weighted-average price of $24, with individual prices ranging from $23.775 to $24.34.
- On May 14, 2025, 272,079 shares were sold at a weighted-average price of $23.99, with individual prices ranging from $23.69 to $24.66.
- Following these transactions, Siebel directly owns 4,674,643 shares and indirectly owns additional shares through various entities, 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.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. The sentiment is neutral as it simply reports facts without expressing any opinion or forward-looking statements.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of establishment of the Rule 10b5-1 trading plan |
| 05/13/2025 | Date of first reported stock sale |
| 05/14/2025 | Date of second reported stock sale |
| 05/15/2025 | Date of signature on the Form 4 filing |
Keywords
C3.ai, Thomas Siebel, AI, stock sale, Form 4, Rule 10b5-1, insider trading, beneficial ownership
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