Lath Hitesh 4

What Happened

• Lath Hitesh, Chief Financial Officer of C3.ai (AI), was granted a total of 198,619 restricted stock units (RSUs) and had 48,619 shares sold in late-June transactions to satisfy tax withholding. The filing shows grants dated 2026-06-29 and open-market sales on 2026-06-30.
• Grants: 150,000 RSUs (no cash cost) with scheduled vesting (100,000 vest on Sep 15, 2027; remaining RSUs vest 12 months after that), plus 48,619 RSUs that are fully vested. Sales: 27,304 shares and 21,315 shares sold at a weighted-average price of $8.77 (price range $8.675–$8.8766), producing aggregate proceeds of ~$426,389.
• These sales were reported as automatic withholding/sales to satisfy tax obligations related to RSU vesting.

Key Details

• Transaction dates: Grants on 2026-06-29; sales on 2026-06-30. Filing date: 2026-07-01 (timely).
• Sale amounts & pricing: 48,619 shares sold for a total of ~$426,389; weighted-average sale price $8.77; individual sale prices ranged $8.675–$8.8766.
• RSU terms: 150,000 RSUs vest over 27 months (first 100,000 on 9/15/2027); 48,619 RSUs are fully vested and were subject to withholding.
• Reason for sale: Per filing, shares were automatically withheld/sold to satisfy tax withholding (routine practice).
• Additional note: Sales were made pursuant to a previously established Rule 10b5-1 plan (per the filing).
• Shares owned after the transactions are not specified in the provided filing.

Context

• These transactions consist of equity awards (RSUs) and withholding-related sales — common administrative actions when RSUs vest and taxes are due, not an open-market purchase signaling bullish intent.
• For retail investors, award grants increase potential future share count subject to vesting; withheld/sold shares to cover taxes are routine and typically not read as an indicator of the insider’s view on the company.