Form 4: C3.ai CFO Hitesh Lath Reports Stock Transactions
SEC Form 4 Filing
C3.ai's CFO, Hitesh Lath, reported the vesting and subsequent sale of shares to cover tax obligations.
Summary
- Hitesh Lath, the CFO of C3.ai, reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- On June 15, 2024, 8,008 RSUs vested and were converted into Class A Common Stock.
- Also on June 15, 2024, 4,059 shares were disposed of at a price of $29.04 to cover tax obligations.
- Following these transactions, Lath directly owns 7,390 shares of Class A Common Stock and 144,139 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | 8,008 Restricted Stock Units vested and converted to Class A Common Stock; 4,059 shares disposed of for tax obligations. |
| 06/17/2024 | Date of signature by Eric Jensen, Attorney-in-Fact. |
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