Form 4: C3.ai Senior VP, Operations, Merel Witteveen, Reports Stock Transactions
SEC Form 4 Filing
Merel Witteveen, Senior VP of Operations at C3.ai, reports the vesting of restricted stock units and subsequent sale of shares under a pre-arranged trading plan.
Summary
- Merel Witteveen, Senior VP of Operations at C3.ai, filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2025, 1,500 Class A Common Stock shares were acquired through the vesting of restricted stock units (RSUs).
- Also on February 23, 2025, 826 shares were disposed of to cover tax obligations at a price of $28.5 per share.
- On February 25, 2025, 337 shares were sold at a price of $26.41 per share under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Witteveen directly owns 5,883 shares of Class A Common Stock and 9,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock transactions, common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the pre-arranged trading plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| September 27, 2024 | Date of the 10b5-1 trading plan. |
| February 23, 2025 | Vesting of 1,500 restricted stock units and disposition of 826 shares for tax obligations. |
| February 25, 2025 | Sale of 337 shares under the 10b5-1 trading plan. |
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