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 shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• On April 18, 2025, Brady Priest, CEO of Home Care at Clover Health Investments, Corp., disposed of 38,261 shares of Class A Common Stock to cover tax obligations.
• The shares were withheld automatically upon the vesting of 6.25% of the original number of time-based restricted stock units (RSUs) granted to Priest on July 18, 2022.
• The disposition price was $3.6 per share.
• Following the transaction, Priest beneficially owns 2,379,890 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: This is a neutral transaction related to executive compensation and tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.

Future Outlook

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

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Key Dates

Keywords

Form 4, Clover Health, Brady Priest, stock disposal, tax obligations, RSUs, Class A Common Stock, beneficial ownership