Wagner Joseph F. 4

4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Aug 11, 2021

Form 4

Period: 2021-08-09

Chief Financial Officer

Transactions

Conversion
Class A Common Stock
2021-08-09+25,000→ 25,000 total
Exercise/Conversion
Class B Common Stock
2021-08-09+25,000→ 25,000 total
Exercise: $2.23→ Class A Common Stock (25,000 underlying)
Conversion
Class B Common Stock
2021-08-09−25,000→ 0 total
→ Class A Common Stock (25,000 underlying)
Exercise/Conversion
Stock Options (right to buy)
2021-08-09−25,000→ 492,018 total
Exercise: $2.23Exp: 2030-02-03→ Class B Common Stock (25,000 underlying)

Footnotes (2)

[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.
[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.

Documents

1 file