Form 4: Clover Health Executive Brady Priest Disposes of Shares to Cover Tax Obligations

Brady Priest, CEO of Home Care at Clover Health, disposed of 32,416 shares of Class A Common Stock on April 18, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On April 18, 2024, Brady Priest, CEO of Home Care at Clover Health Investments, Corp., disposed of 32,416 shares of Class A Common Stock.
• The shares were withheld to cover tax obligations upon the vesting of 6.25% of time-based restricted stock units (RSUs) granted on July 18, 2022.
• The price per share for the transaction was $0.63.
• Following the transaction, Priest beneficially owns 1,898,615 shares of Class A Common Stock.
• The remaining RSUs vest quarterly in equal installments of 6.25%, with the final vesting date occurring on July 18, 2026, subject to continued service.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Future Outlook

The remaining RSUs will continue to vest quarterly until July 18, 2026, contingent upon Brady Priest's continued service with the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily indicate a change in the company's overall performance or outlook.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.

Key Dates