CLOV.NASDAQClover Health Investments, CORP /DE

Form 4: Clover Health Investments Executive Karen Soares Reports Acquisition of Restricted Stock Units

Sentiment:

SEC Form 4 Filing

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Karen Soares, General Counsel & Secretary of Clover Health Investments, reports the acquisition of restricted stock units (RSUs) and changes in beneficial ownership of Class A Common Stock.

Summary

  • On October 15, 2024, Karen Soares, General Counsel & Secretary of Clover Health Investments, acquired 450,955 shares of Class A Common Stock through a time-based restricted stock unit award (RSUs).
  • The price of the acquired shares was $0.
  • These RSUs vest over time, with 25% vesting on the first anniversary of the grant date (October 15, 2025), and the remaining RSUs vesting in twelve equal quarterly installments thereafter, fully vesting on October 15, 2028.
  • Following the transaction, Soares beneficially owns 1,556,244 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports a transaction.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it is a routine grant of equity compensation to an executive.

Key Dates

DateDescription
10/15/2024Date of earliest transaction: Acquisition of restricted stock units (RSUs).
10/15/2025First vesting date: 25% of RSUs vest.
10/15/2028Final vesting date: RSUs fully vested.
10/17/2024Date of signature.

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