Form 4: Clover Health CEO Jamie Reynoso Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Jamie Reynoso, CEO of Clover Health, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 3, 2025, Jamie L. Reynoso, CEO of Clover Health Investments, Corp., disposed of 6,366 shares of Class A Common Stock to cover tax obligations.
- The disposal was related to the vesting of 6.25% of restricted stock units (RSUs) granted on January 3, 2023.
- The price per share for the transaction was $3.51.
- Following the transaction, Reynoso directly owns 3,263,768 shares of Class A Common Stock.
- The remaining RSUs will vest in equal quarterly installments until January 3, 2027, subject to continued service.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations from vesting RSUs and doesn't necessarily indicate a positive or negative outlook for the company.
Future Outlook
The remaining RSUs will vest in equal quarterly installments until January 3, 2027, subject to continued service.
Industry Context
Form 4 filings are standard practice for corporate insiders and are used to disclose transactions in company stock. This filing indicates a routine transaction to cover tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Date of original grant of restricted stock units (RSUs). |
| 2023-01-05 | Date Form 4 was originally filed for the RSU grant. |
| 2025-04-03 | Date of the transaction (stock disposal for tax obligations). |
| 2025-04-07 | Date of signature on the Form 4 filing. |
| 2027-01-03 | Final vesting date for the remaining RSUs. |
Keywords
Form 4, Clover Health, Jamie Reynoso, CLOV, Stock Disposal, Tax Obligations, Restricted Stock Units, Vesting
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