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 5,345 shares of Class A Common Stock to cover tax obligations upon RSU vesting.

Summary

• On May 14, 2025, Karen Soares, General Counsel & Secretary of Clover Health Investments, disposed of 5,345 shares of Class A Common Stock.
• The disposal was to cover tax obligations related to the vesting of 6.25% of time-based restricted stock units (RSUs) granted on February 14, 2022.
• The price per share for the transaction was $3.31.
• Following the transaction, Soares beneficially owns 1,262,436 shares of Class A Common Stock directly.
• The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on February 14, 2026, subject to continued service.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations from vested stock awards and does not indicate any positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on February 14, 2026, subject to the continued service of the Reporting Person on each such vesting date.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a transaction related to tax obligations from vested stock awards, a common occurrence.

Key Dates

Keywords

Form 4, Clover Health Investments, Karen Soares, Stock Disposal, RSU Vesting, Tax Obligations, Class A Common Stock