Form 4: C3.ai Director Richard C. Levin Acquires Stock Options

Director Richard C. Levin acquired stock options in C3.ai, Inc. on October 2, 2024.

Summary

• Richard C. Levin, a director of C3.ai, Inc., acquired stock options on October 2, 2024.
• The options grant the right to buy 23,642 shares of Class A Common Stock at an exercise price of $22.89.
• The options vest quarterly, starting October 2, 2024, provided Levin remains a director and attends board meetings.
• If Levin misses a board meeting, the vesting of 5% of the shares will be suspended and may vest only after the fifth anniversary of the vesting commencement date if attendance requirements are met in subsequent periods.
• The options expire on October 1, 2034.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction (stock option grant) and suggests confidence in the company's leadership and future, hence a moderately positive sentiment.

Positives

• The acquisition of stock options by a director signals confidence in the company's future performance.

Risks

• The vesting schedule is contingent on the director's continued service and attendance at board meetings, which introduces a potential risk if these conditions are not met.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule implies an expectation of continued service by the director.

Industry Context

Stock option grants are a common form of executive compensation in the technology industry, aligning the interests of directors and shareholders.

Comparison to Industry Standards

• Stock option grants are a typical component of compensation packages for directors in publicly traded technology companies.
• The vesting schedule tied to board meeting attendance is a mechanism to ensure active participation and engagement from the director.
• Comparable companies such as Palantir, Snowflake, and Databricks also utilize stock options as part of their executive compensation plans.

Stakeholder Impact

• The stock option grant aligns the director's interests with those of shareholders, potentially driving long-term value creation.

Key Dates