Form 4: C3.ai Interim COO Witteveen Reports Stock Transactions
SEC Form 4 Filing
Interim COO of C3.ai, Merel Witteveen, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on August 16, 2024.
Summary
- On August 16, 2024, Merel Witteveen, Interim COO of C3.ai, reported transactions involving C3.ai's Class A Common Stock and Restricted Stock Units (RSUs).
- Witteveen acquired 10,000 shares of Class A Common Stock through the vesting of RSUs.
- Simultaneously, Witteveen disposed of 5,495 shares of Class A Common Stock at a price of $25.49 per share to cover tax obligations.
- Following these transactions, Witteveen directly owns 6,178 shares of Class A Common Stock.
- Witteveen also holds 120,000 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that executives' actions are being monitored and reported.
Key Dates
| Date | Description |
|---|---|
| 08/16/2023 | 20% of RSU award vested |
| 08/16/2024 | Date of stock transactions: RSU vesting and stock disposal |
| 08/20/2024 | Date of signature for the Form 4 filing |
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