Clover Health (CLOV) executive has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clover Health Investments executive Brady Patrick Priest, CEO of Home Care, reported routine share withholding to cover taxes on vested RSUs. On January 15, 2026, 18,076 shares of Class A common stock at $2.81 per share were automatically withheld to satisfy tax obligations tied to the vesting of 6.25% of RSUs granted on October 15, 2024, leaving 2,210,507 shares beneficially owned directly. On January 18, 2026, an additional 36,923 shares at $2.54 per share were withheld for taxes on another 6.25% RSU vesting from a July 18, 2022 grant, after which Priest directly beneficially owned 2,173,584 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Priest Brady Patrick
Role
CEO of Home Care
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 36,923 | $2.54 | $94K |
| Tax Withholding | Class A Common Stock | 18,076 | $2.81 | $51K |
Holdings After Transaction:
Class A Common Stock — 2,173,584 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations on January 15, 2026, due to the vesting of 6.25% of the original number of restricted stock units (RSUs) granted to the Reporting Person on October 15, 2024, and timely reported on a Form 4 filed on October 17, 2024. The remaining RSUs vest quarterly in equal installments of 6.25%, with the final vesting date occurring on October 15, 2028, subject to the continued service of the Reporting Person on each such vesting date. Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on January 18, 2026, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on July 18, 2022, and timely reported on a Form 4 filed on July 19, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with the final vesting date occurring on July 18, 2026, subject to the continued service of the Reporting Person on each such vesting date.
FAQ
Who is the insider in this Clover Health (CLOV) Form 4 filing?
The reporting person is Brady Patrick Priest, who serves as CEO of Home Care at Clover Health Investments, Corp..
What insider transactions did CLOV report on January 15, 2026?
On January 15, 2026, 18,076 shares of Clover Health Class A common stock at $2.81 per share were automatically withheld to cover tax obligations from RSU vesting, leaving 2,210,507 shares beneficially owned directly.
What insider transactions did CLOV report on January 18, 2026?
On January 18, 2026, 36,923 shares of Class A common stock at $2.54 per share were automatically withheld to satisfy tax obligations from another RSU vesting, after which the insider directly owned 2,173,584 shares.
Were the Clover Health (CLOV) Form 4 transactions open market sales?
No. The filing explains that the shares were automatically withheld by Clover Health to cover tax obligations upon the vesting of previously granted RSUs, rather than discretionary open market sales.
What equity awards are vesting for the Clover Health executive in this Form 4?
The Form 4 states that RSU grants from October 15, 2024 and July 18, 2022 each vest quarterly in equal 6.25% installments, with final vesting dates on October 15, 2028 and July 18, 2026, respectively, subject to continued service.