Form 4: C3.ai Chief Technology Officer Edward Abbo Reports Stock Transactions

Edward Abbo, Chief Technology Officer of C3.ai, reports the vesting and conversion of restricted stock units, along with tax withholding and shares acquired through the employee stock purchase plan.

Summary

• On March 15, 2024, Edward Abbo, the Chief Technology Officer of C3.ai, engaged in transactions involving Class A Common Stock.
• Abbo converted 83,073 restricted stock units (RSUs) into Class A Common Stock.
• 45,740 shares were disposed of to cover tax obligations at a price of $28.92 per share.
• He acquired 83,073 shares through the vesting of RSUs.
• Abbo also acquired 732 shares under the Issuer's Employee Stock Purchase Plan on March 15, 2024.
• Following these transactions, Abbo directly owns 765,438 shares of Class A Common Stock.
• Abbo also indirectly owns 149,577 shares held by the Abbo 2012 Children's Trust FBO Casey Cecile Abbo, 149,578 shares held by the Abbo 2012 Children's Trust FBO Dana Lauren Abbo, and 149,578 shares held by the Abbo 2012 Children's Trust FBO Layla Grace Abbo, for which he serves as trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and expected for an executive with stock-based compensation. There's no indication of unusual or concerning activity.

Positives

• The vesting of RSUs indicates continued employment and contribution to the company by a key executive.
• Participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations may be perceived negatively, although it's a common practice.

Risks

• Significant stock transactions by insiders can sometimes create uncertainty in the market, although these transactions appear routine.

Industry Context

Insider trading activity is always closely watched in the tech industry, especially for companies like C3.ai that are in a high-growth phase. These transactions are normal and expected.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly those receiving stock-based compensation.
• The vesting schedule of the RSUs (12.5% quarterly) is a fairly standard vesting arrangement.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are routine and expected.

Key Dates