C3.ai (AI) CFO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C3.ai, Inc. Chief Financial Officer Hitesh Lath reported RSU vesting, share conversions, and a related tax sale. On March 15, 2026, he exercised restricted stock units to acquire a total of 29,008 shares of Class A Common Stock at a conversion price of $0.00 per share. Each RSU represents a contingent right to receive one share upon settlement. On March 16, 2026, 15,248 shares of Class A Common Stock were sold at a weighted-average price of $8.98 per share in multiple transactions, and were automatically withheld and sold by the issuer to satisfy tax withholding obligations from the RSU vesting. After these transactions, he directly holds 238,308 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,248 shares ($136,927)
Net Sell
7 txns
Insider
Lath Hitesh
Role
CHIEF FINANCIAL OFFICER
Sold
15,248 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,248 | $8.98 | $137K |
| Exercise | Restricted Stock Units | 8,008 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 8,008 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 238,308 shares (Direct);
Restricted Stock Units — 88,085 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Pursuant to the Issuer's policies and practice, these shares of Class A Common Stock were automatically withheld and sold by the Issuer to satisfy the Reporting Person's tax withholding obligations related to the vesting of RSUs reported herein. The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $8.895 to $9.01, inclusive. The Reporting Person will provide upon request to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price. Includes 1,428 shares acquired by the Reporting Person under the Issuer's Employee Stock Purchase Plan on March 15, 2026. 5% of such RSU award vested on March 15, 2024 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date. 20% of such RSU award vested on June 15, 2025 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date. 20% of such RSU award vested on September 15, 2025 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date.
FAQ
What did C3.ai (AI) CFO Hitesh Lath report in this Form 4 filing?
C3.ai CFO Hitesh Lath reported RSU vesting, share conversions, and a related tax sale. He exercised restricted stock units into Class A Common Stock and a portion of shares was sold automatically to satisfy tax withholding obligations tied to the vesting.
What are the vesting terms for the C3.ai (AI) RSU awards mentioned?
One RSU award vests 5% on March 15, 2024 and 5% quarterly thereafter while service continues. Another vested 20% on June 15, 2025 and 5% quarterly thereafter, and a third vested 20% on September 15, 2025 with 5% vesting quarterly, all contingent on continued service.