Form 4: Clover Health Investments CEO, Counterpart Health, Conrad Wai, Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Conrad Wai, CEO of Counterpart Health (a division of Clover Health Investments), reports the disposal of 26,593 shares of Class A Common Stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 30, 2025, Conrad Wai, CEO of Counterpart Health, disposed of 26,593 shares of Clover Health Investments, Corp. Class A Common Stock.
- The disposal was to cover tax obligations related to the vesting of 12.5% of time-based restricted stock units (RSUs) granted on October 31, 2023.
- The price per share for the transaction was $3.4.
- Following the transaction, Wai directly owns 3,236,946 shares of Class A Common Stock.
- The remaining RSUs vest in two equal quarterly installments, with the final vesting date occurring on October 31, 2025, subject to continued service.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, so it's neutral in sentiment.
Future Outlook
The remaining RSUs vest in two equal quarterly installments, with the final vesting date occurring on October 31, 2025, subject to the continued service of the Reporting Person on each such vesting date.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard tax-related stock disposal, which is common when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Date of original grant of time-based restricted stock units (RSUs) to Conrad Wai. |
| 11/02/2023 | Form 4 filed reporting the grant of RSUs on October 31, 2023. |
| 04/30/2025 | Date of transaction: Disposal of shares to cover tax obligations upon vesting of RSUs. |
| 05/02/2025 | Date of signature on the Form 4 filing. |
| 10/31/2025 | Final vesting date of remaining RSUs, subject to continued service. |
Keywords
Clover Health Investments, Conrad Wai, Counterpart Health, Class A Common Stock, SEC Form 4, Stock Disposal, Restricted Stock Units, Tax Obligations, Beneficial Ownership
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