Form 4: Claritev Corp EVP & CFO Douglas Michael Garis Reports Beneficial Ownership Changes

Douglas Michael Garis, EVP & CFO of Claritev Corp, reports changes in beneficial ownership of Class A common stock through purchases made on March 7, 2025, for his and his family's individual retirement accounts.

Summary

• On March 7, 2025, Douglas Michael Garis, the EVP & CFO of Claritev Corp, reported changes in his beneficial ownership of the company's Class A common stock.
• He purchased 8,238 shares at $19.62 per share through his spouse's Individual Retirement Account (IRA).
• Additionally, he purchased 345 shares at $21.08 per share through his son's IRA and 336 shares at $20.8 per share through his daughter's IRA.
• Following these transactions, Garis directly owns 140,261 shares of Class A common stock and indirectly owns 28,750 shares through his own IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating stock purchases by an executive, which could be seen as a positive signal, but it's not definitively bullish.

Positives

• The purchases by a key executive could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The reported transactions may influence investor sentiment regarding Claritev Corp.

Key Dates