Form 4: C3.ai Senior VP, Operations, Merel Witteveen, Sells Shares Under 10b5-1 Plan

Merel Witteveen, Senior VP of Operations at C3.ai, sold a total of 11,132 shares of Class A Common Stock on December 30, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Merel Witteveen, Senior VP of Operations at C3.ai, executed sales of Class A Common Stock on December 30, 2024.
• The sales were conducted under a pre-established Rule 10b5-1 trading plan dated September 27, 2024.
• A total of 5,579 shares were sold at a weighted average price of $34.56, with individual prices ranging from $34.05 to $35.04.
• An additional 5,553 shares were sold at a weighted average price of $35.35, with individual prices ranging from $35.05 to $35.64.
• Following these transactions, Ms. Witteveen still beneficially owns 9,695 shares from the first sale and 4,142 shares from the second sale.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for insider stock sales under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance, but the sales could be interpreted as a slight negative by some investors.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors. The use of 10b5-1 plans is a common way for insiders to sell shares while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to manage their stock sales, similar to practices at companies like Palantir Technologies (PLTR) and Snowflake (SNOW).
• The reported sales are within the typical range of insider transactions, and the price ranges are consistent with the stock's trading activity during the period.
• The volume of shares sold is not unusually high for an executive at a company of C3.ai's size, and is similar to other tech companies.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

C3.ai, insider trading, Form 4, stock sale, Rule 10b5-1, Merel Witteveen, executive stock sale