Form 4: C3.ai President and CTO Edward Abbo Reports Changes in Beneficial Ownership

Edward Abbo, President and CTO of C3.ai, reports transactions involving Class A Common Stock and Restricted Stock Units, resulting in adjustments to his beneficial ownership.

Summary

• On June 13, 2024, Edward Abbo acquired 18,039 shares of Class A Common Stock at $0 and disposed of 9,913 shares at $30.49.
• On June 15, 2024, he acquired 83,074 shares and disposed of 45,650 shares at $29.04.
• These transactions, along with the vesting of Restricted Stock Units (RSUs), changed his direct holdings of Class A Common Stock to 810,988 shares.
• He also indirectly owns 149,577 shares through the Abbo 2012 Children's Trust for Casey Cecile Abbo, 149,578 shares through the Abbo 2012 Children's Trust for Dana Lauren Abbo, and 149,578 shares through the Abbo 2012 Children's Trust for Layla Grace Abbo, of which he is trustee.
• He also holds 600,000 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard reporting procedures.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that company executives are adhering to regulatory requirements.

Key Dates