Form 4: C3.ai Director Richard Levin Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Richard Levin of C3.ai exercised stock options and sold shares under a pre-arranged 10b5-1 trading plan.
Summary
- Richard Levin, a director at C3.ai, executed a stock option to acquire 12,000 shares of Class A Common Stock at $4.68 per share on January 2, 2025.
- On the same day, Levin sold 10,089 shares at a weighted average price of $34.72, with prices ranging from $34.14 to $35.13.
- Additionally, Levin sold another 1,911 shares at a weighted average price of $35.20, with prices ranging from $35.14 to $35.38.
- These transactions were conducted under a pre-established Rule 10b5-1 trading plan dated September 29, 2024.
- Following these transactions, Levin directly owns 161,664 shares of Class A Common Stock and 51,955 stock options.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
This is a routine filing for a director's stock transactions and is common practice for executives and board members of publicly traded companies. The use of a 10b5-1 plan is a common way to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among publicly traded companies to allow insiders to sell shares without the risk of insider trading allegations.
- The reported transactions are similar to those of other directors and executives who hold stock options and sell shares periodically for personal financial management.
- The price ranges of the sales are within the typical trading range of the stock at the time of the transaction.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold, but the use of a 10b5-1 plan suggests these were planned and not based on any new information.
Key Dates
| Date | Description |
|---|---|
| 09/29/2024 | Date of the 10b5-1 trading plan. |
| 01/02/2025 | Date of stock option exercise and share sales. |
| 01/03/2025 | Date of filing the Form 4. |
| 10/18/2029 | Expiration date of the stock options. |
Keywords
C3.ai, Richard Levin, stock options, share sales, Form 4, 10b5-1 plan, insider trading, director transactions
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