Form 4 for AI C3.ai, Inc.
Accepted 2023-06-01 00:00:00 ET · period of report 2023-05-30 · accession 0001209191-23-033407 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-06-01 | 2023-05-30 | AI | WARD JR STEPHEN M | Dir | M - OptEx | $4.14 | +120.0K | 551.3K | +28% | +$496.9K |
| D | 2023-06-01 | 2023-05-30 | AI | WARD JR STEPHEN M | Dir | S - Sale+OE | $42.09 | -120.0K | 546.5K | -18% | -$5.05M |
| DM | 2023-06-01 | 2023-05-30 | AI | WARD JR STEPHEN M | Dir | M - OptEx | $0.00 | -120.0K | 155.4K | -44% | $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 | 2023-05-30 | M | A | 48,559 | $4.68 | 666,495 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-05-30 | S | D | 120,000 | $42.09 | 546,495 | D | — | — | (F2) Represents weighted average sales price. The shares were sold at prices ranging from $42.00 to $42.02. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| 3 | Common | Class A Common Stock | 2023-05-30 | M | A | 66,629 | $3.90 | 617,936 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-05-30 | M | A | 4,812 | $2.04 | 551,307 | D | — | — | |
| 5 | Derivative | Stock Option (Right to Buy) | 2023-05-30 | M | D | 4,812 | $0.00 | 0 | D | $2.04 · — to 2027-11-07 | 4,812 Class A Common Stock | (F3) The option grant is fully vested. |
| 6 | Derivative | Stock Option (Right to Buy) | 2023-05-30 | M | D | 66,629 | $0.00 | 22,205 | D | $3.90 · — to 2028-11-27 | 66,629 Class A Common Stock | (F5) Due to rounding in connection with the reverse stock split, the total shares include an additional share that was not originally reported on the Reporting Person's Form 3. (F4) Provided the Reporting Person remains a director of the Company and attends in person the regularly scheduled meeting of the Board during each fiscal quarter, commencing on November 28, 2018 (the "Vesting Commencement Date"), then 5% of the shares subject to the option shall vest on the last day of such fiscal quarter (the "Quarterly Shares") during the term of the option, provided, however, if the Reporting Person fails to attend any such regularly scheduled meeting, then vesting for the Quarterly Shares shall not occur and will be suspended (any such suspended Quarterly Shares being referred to collectively as the "Suspended Shares"). For any Suspended Shares, such shares shall vest only following the fifth anniversary of the applicable Vesting Commencement Date, if the Reporting Person satisfies the attendance requirements in subsequent periods. |
| 7 | Derivative | Stock Option (Right to Buy) | 2023-05-30 | M | D | 48,559 | $0.00 | 155,373 | D | $4.68 · — to 2029-10-18 | 48,559 Class A Common Stock | (F5) Due to rounding in connection with the reverse stock split, the total shares include an additional share that was not originally reported on the Reporting Person's Form 3. (F6) Provided the Reporting Person remains a director of the Company and attends in person the regularly scheduled meeting of the Board during each fiscal quarter, commencing on October 17, 2019 (the "Vesting Commencement Date"), then 5% of the shares subject to the option shall vest on the last day of such fiscal quarter (the "Quarterly Shares") during the term of the option, provided, however, if the Reporting Person fails to attend any such regularly scheduled meeting, then vesting for the Quarterly Shares shall not occur and will be suspended (any such suspended Quarterly Shares being referred to collectively as the "Suspended Shares"). For any Suspended Shares, such shares shall vest only following the fifth anniversary of the applicable Vesting Commencement Date, if the Reporting Person satisfies the attendance requirements in subsequent periods. |