Form 4: Clover Health CFO Peter Kuipers Sells Shares to Cover Tax Obligations

Clover Health's CFO, Peter Kuipers, disposed of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• On April 29, 2025, Peter Kuipers, the CFO of Clover Health Investments, Corp., disposed of 825,989 shares of Class A Common Stock to cover tax obligations.
• The shares were withheld automatically at a price of $3.45 per share upon the vesting of 25% of the original number of time-based restricted stock units (RSUs) granted to Mr. Kuipers on the same date.
• Following the transaction, Mr. Kuipers beneficially owns 6,023,326 shares of Class A Common Stock directly.
• The remaining RSUs vest in twelve equal quarterly installments beginning three months after April 29, 2025, and ending on April 29, 2028, subject to continued service.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports a routine transaction related to executive compensation and tax obligations.

Future Outlook

The remaining RSUs vest in twelve equal quarterly installments beginning three months after April 29, 2025, and ending on April 29, 2028, subject to the continued service of the Reporting Person.

Industry Context

Executive share transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. The sale itself doesn't necessarily indicate a negative outlook for the company, as it's often a planned part of executive compensation.

Key Dates

Keywords

Clover Health, Peter Kuipers, CFO, Form 4, Share Disposal, Tax Obligations, Restricted Stock Units, CLOV