SCHEDULE: Susquehanna Group Discloses 4.3% Stake in C3.ai

A group of Susquehanna-affiliated entities has disclosed a collective beneficial ownership of 4.3% of C3.ai, Inc.'s Class A Common Stock.

Summary

• G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Fundamental Investments, LLC, Susquehanna Investment Group, and Susquehanna Securities, LLC, collectively referred to as 'Reporting Persons,' beneficially own 5,607,614 shares of C3.ai, Inc. Class A Common Stock.
• This aggregate ownership represents 4.3% of the outstanding Class A Common Stock.
• The total outstanding shares of C3.ai, Inc. Class A Common Stock were 130,885,934 as of June 2, 2025, as reported in the company's Annual Report on Form 10-K.
• Susquehanna Investment Group's beneficial ownership includes options to buy 104,100 shares.
• Susquehanna Securities, LLC's beneficial ownership includes options to buy 3,998,900 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of C3.ai, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A Schedule 13G is a factual disclosure of ownership, not a performance report. The positive aspect comes from the disclosure of a significant institutional stake, which can be viewed as a vote of confidence, while there are no explicit negative implications within the filing itself.

Positives

• The disclosure of a significant stake by a reputable financial group like Susquehanna may signal institutional interest in C3.ai, Inc.

Risks

• The concentration of ownership, even without intent to influence control, could theoretically lead to market perceptions of reduced liquidity or potential future shifts in investor base.

Future Outlook

NA

Industry Context

This filing reflects an institutional investment group's position in a leading enterprise AI software company. While not directly indicative of broader industry trends, significant institutional holdings in AI companies underscore the ongoing investor interest and belief in the long-term growth potential of the artificial intelligence sector.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional investor group holding 4.3% of the Class A Common Stock provides transparency regarding the company's ownership structure and may influence market perception and trading activity.

Key Dates

Keywords

C3.ai, AI, Artificial Intelligence, Software, Enterprise AI, Susquehanna, Institutional Ownership, Schedule 13G, Beneficial Ownership, Stock Options