Form 4: C3.ai CFO Hitesh Lath Reports Stock Transactions
SEC Form 4 Filing
C3.ai's Chief Financial Officer, Hitesh Lath, reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 15, 2024, Hitesh Lath, the CFO of C3.ai, had 8,007 Restricted Stock Units (RSUs) vest.
- These RSUs convert into Class A Common Stock on a one-for-one basis.
- Following the vesting, 4,566 shares were disposed of to cover tax obligations at a price of $28.92 per share.
- After these transactions, Lath directly owns 3,441 shares of Class A Common Stock and 152,147 Restricted Stock Units.
- The RSUs vest quarterly, with 5% vesting on March 15, 2024, and 5% vesting quarterly thereafter, contingent upon continued service.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Future Outlook
The remaining RSUs will continue to vest quarterly, contingent upon Lath's continued service with the company.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | 8,007 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock; 4,566 shares disposed of for tax obligations. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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