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C3.ai, Inc.·4

Mar 17, 5:33 PM ET

Lath Hitesh 4

Research Summary

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Updated

C3.ai (AI) CFO Lath Hitesh Sells Shares After RSU Vesting

What Happened

  • Lath Hitesh, Chief Financial Officer of C3.ai (AI), reported conversions/settlements of equity on March 15, 2026 and an open‑market sale on March 16, 2026. On March 15 he acquired 29,008 shares via exercise/conversion at $0.00 (includes RSU settlements and 1,428 ESPP shares). On March 16 he sold 15,248 shares in the open market at a weighted‑average price of $8.98 for proceeds of $136,927. Several of the shares from the March 15 vesting/conversion were withheld/sold by the issuer to satisfy tax withholding obligations.

Key Details

  • Transaction dates and prices:
    • Mar 15, 2026: Exercise/conversion (code M) — 29,008 shares acquired at $0.00 (includes 1,428 ESPP shares per footnote).
    • Mar 16, 2026: Open‑market sale — 15,248 shares disposed at a weighted‑average price of $8.98 (range $8.895–$9.01), total proceeds $136,927.
    • Mar 15, 2026: 29,008 shares also shown as disposed at $0.00 reflecting withholding/cancellation of shares (see footnotes).
  • Shares owned after the transactions: not specified in the filing.
  • Notable footnotes:
    • F1–F7 indicate these were RSU settlements/ESPP acquisitions with specified vesting schedules and that the issuer automatically withheld/sold shares to cover tax withholding (F2, F4, F5–F7).
    • F3 notes the sale price is a weighted average and the shares were sold in multiple trades; detailed per‑trade prices are available on request.
  • Filing timeliness: Report filed 2026‑03‑17 for transactions on Mar 15–16, 2026 — the filing does not indicate a late report.

Context

  • The Mar 15 entries are conversions/settlements of equity awards (RSUs/ESPP), shown at $0.00 because RSUs convert to shares without an exercise price. The simultaneous disposition at $0.00 reflects shares withheld/cancelled for tax withholding rather than a cash sale.
  • The March 16 open‑market sale generated modest proceeds (~$137k). Such sales after vesting or ESPP purchases are common to cover tax obligations or diversify holdings; they are not definitive signals of an insider’s view on the company.