Form 4: Clover Health Investments General Counsel Karen Soares Reports Tax-Related Stock Disposal

Karen Soares, General Counsel & Secretary of Clover Health Investments, reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On March 15, 2025, Karen Soares, General Counsel & Secretary of Clover Health Investments, disposed of 4,589 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 on September 15, 2022.
• Following the transaction, Soares beneficially owns 1,295,074 shares of Class A Common Stock directly.
• The remaining RSUs vest quarterly in equal installments of 6.25%, with the final vesting date on September 15, 2026, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.

Future Outlook

The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on September 15, 2026, subject to the continued service of the Reporting Person on each such vesting date.

Industry Context

This is a routine filing related to stock-based compensation for company executives, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares.

Key Dates