Sharp Aric R 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Sep 11, 2023
Insider Transaction Report
Form 4
Sharp Aric R
CEO of Value Based Care
Transactions
- Award
Class A Common Stock
2023-09-07+1,368,750→ 1,702,532 total - Tax Payment
Class A Common Stock
2023-09-07$1.31/sh−138,477$181,405→ 1,564,055 total
Footnotes (2)
- [F1]Represents restricted stock units, each representing a right to a share of Class A Common Stock, earned in connection with the determination of the level of performance achievement in satisfaction of vesting conditions underlying a performance-based restricted share unit grant awarded on November 30, 2022. One-third of the number of earned restricted stock units vested and was settled on September 7, 2023, and 1/3 of the number of earned restricted stock units will vest on each of June 30, 2024 and June 30, 2025, subject to the reporting person's continued employment through each vesting date.
- [F2]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations due to the vesting of 1/3 of the number of earned restricted stock units, as described above.