SCHEDULE: Susquehanna Affiliates Report 2.9% Stake in C3.ai

A group of Susquehanna-affiliated entities has reported a 2.9% beneficial ownership stake in C3.ai, Inc. Class A Common Stock.

Summary

• Five affiliated entities, including G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Fundamental Investments, LLC, Susquehanna Investment Group, and Susquehanna Securities, LLC, collectively reported beneficial ownership of 3,982,270 shares of C3.ai, Inc. Class A Common Stock.
• This aggregate ownership represents 2.9% of the total Class A Common Stock outstanding.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of C3.ai, Inc.
• The reported beneficial ownership includes options to buy 21,400 shares for Susquehanna Investment Group and 2,573,300 shares for Susquehanna Securities, LLC.
• C3.ai, Inc. had 137,253,289 Class A Common Shares outstanding as of November 24, 2025, as disclosed in its Quarterly Report on Form 10-Q filed on December 9, 2025.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as it confirms continued institutional interest in C3.ai, albeit as a passive investment below the 5% threshold.

Positives

• A significant institutional investor group, Susquehanna affiliates, holds a notable stake in C3.ai, potentially indicating confidence in the company's long-term prospects.

Negatives

• The reported stake is below the 5% threshold, meaning it is a passive investment and does not suggest an activist position or immediate strategic influence on C3.ai.

Future Outlook

This filing does not contain any forward-looking statements or guidance from C3.ai or the reporting persons regarding C3.ai's future performance. It is a disclosure of current ownership.

Industry Context

StockSavvy.ai notes that C3.ai operates in the rapidly evolving enterprise AI software sector. The reported passive stake by a prominent financial group like Susquehanna indicates continued institutional interest in companies positioned within the AI growth narrative, even if the stake itself is not indicative of strategic influence.

Comparison to Industry Standards

• A 2.9% passive stake by an institutional group like Susquehanna is a standard type of investment seen across various publicly traded technology companies.
• Compared to other major institutional holders in the AI software space, this stake is relatively small, often indicating a portfolio allocation rather than a concentrated bet. For instance, larger mutual funds or ETFs might hold significantly higher percentages in similar companies like Palantir Technologies (PLTR) or Snowflake (SNOW).

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in market perception and liquidity.

Key Dates

Recommendation

This Schedule 13G filing indicates a passive, non-controlling stake by a group of affiliated entities. While it shows institutional interest in C3.ai, it does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on prior analysis of C3.ai's business fundamentals.

Keywords

C3.ai, AI, Artificial Intelligence, Schedule 13G, Beneficial Ownership, Institutional Investor, Susquehanna, G1 Execution Services, SIG Brokerage, Susquehanna Fundamental Investments, Susquehanna Investment Group, Susquehanna Securities, Stock Ownership