Form 4: Clover Health CEO Jamie Reynoso Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Jamie Reynoso, CEO of Clover Health, disposed of 17,142 shares of Class A Common Stock on January 7, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On January 7, 2025, Jamie L. Reynoso, CEO of Clover Health Investments, Corp., disposed of 17,142 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $3.6 per share.
- Following the transaction, Reynoso directly owns 3,307,254 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and does not inherently indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 07/16/2021 | Date of original grant of restricted stock units (RSUs) to Jamie L. Reynoso. |
| 07/20/2021 | Date Form 4 was filed reporting the original grant of RSUs. |
| 01/07/2025 | Date of transaction: Disposal of shares to cover tax obligations due to vesting of RSUs. |
| 01/10/2025 | Date of signature on the Form 4 filing. |
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