Form 4 for CLOV CLOVER HEALTH INVESTMENTS, CORP. /DE
Accepted 2021-08-11 00:00:00 ET · period of report 2021-08-09 · accession 0000899243-21-032568 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-11 | 2021-08-09 | CLOV | Wagner Joseph F. | CFO | C - Cnv Deriv | — | +25.0K | 25.0K | New | — |
| DM | 2021-08-11 | 2021-08-09 | CLOV | Wagner Joseph F. | CFO | M - OptEx | $0.00 | 0 | 492.0K | New | $0 |
| D | 2021-08-11 | 2021-08-09 | CLOV | Wagner Joseph F. | CFO | C - Cnv Deriv | $0.00 | -25.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-08-09 | C | A | 25,000 | — | 25,000 | D | — | — | (F1) The Class B Common Stock will be convertible into shares of Class A Common Stock on a one-to-one basis at the option of the holders of the Class B Common Stock at any time upon written notice to the Issuer. In addition, the Class B Common Stock will automatically convert into shares of Class A Common Stock immediately prior to the close of business on the earliest to occur of certain events specified in the Issuer's Amended and Restated Certificate of Incorporation. |
| 2 | Derivative | Class B Common Stock | 2021-08-09 | M | A | 25,000 | $0.00 | 25,000 | D | $2.23 · — to — | 25,000 Class A Common Stock | (F1) The Class B Common Stock will be convertible into shares of Class A Common Stock on a one-to-one basis at the option of the holders of the Class B Common Stock at any time upon written notice to the Issuer. In addition, the Class B Common Stock will automatically convert into shares of Class A Common Stock immediately prior to the close of business on the earliest to occur of certain events specified in the Issuer's Amended and Restated Certificate of Incorporation. |
| 3 | Derivative | Stock Options (right to buy) | 2021-08-09 | M | D | 25,000 | $0.00 | 492,018 | D | $2.23 · — to 2030-02-03 | 25,000 Class B Common Stock | (F2) 100% of the stock option is immediately exercisable. The stock option vested as to 1/5th of the total number of shares on December 30, 2020 and continues to vest as to 1/60th of the total number of shares in equal monthly installments thereafter, subject to the continuous service of the Reporting Person on each vesting date. |
| 4 | Derivative | Class B Common Stock | 2021-08-09 | C | D | 25,000 | $0.00 | 0 | D | — · — to — | 25,000 Class A Common Stock | (F1) The Class B Common Stock will be convertible into shares of Class A Common Stock on a one-to-one basis at the option of the holders of the Class B Common Stock at any time upon written notice to the Issuer. In addition, the Class B Common Stock will automatically convert into shares of Class A Common Stock immediately prior to the close of business on the earliest to occur of certain events specified in the Issuer's Amended and Restated Certificate of Incorporation. |