Research Summary
AI-generated summary of this SEC filing
C3.ai CFO Lath Hitesh Sells 20,000 Shares
What Happened Lath Hitesh, Chief Financial Officer of C3.ai (AI), sold 20,000 shares on August 4, 2026, in open-market transactions. The weighted-average price reported was $10.00 per share, for total proceeds of approximately $200,000. This was a sale (not a purchase); the filing notes the transactions were made pursuant to a previously established Rule 10b5-1 plan, which is a pre-arranged trading plan that insiders commonly use.
Key Details
- Transaction date: 2026-08-04; Form 4 filed: 2026-08-06 (filing marked late).
- Transaction type/code: S (sale).
- Shares sold: 20,000; Weighted-average price: $10.00; Total proceeds ≈ $200,000.
- Price range: shares were sold in multiple trades at prices from $10.00 to $10.015 (Footnote F2). The reporting person will provide a breakdown of quantities by price upon request.
- Footnote F1: Sale made pursuant to a pre-established Rule 10b5-1 trading plan.
- Ownership after transaction: Not disclosed in this filing.
- Exhibit: 24.1 Power of Attorney included.
- Timeliness: Filing is marked late (transactionTimeliness = 'L'), which indicates the Form 4 was not timely filed per the reporting rules.
Context Sales conducted under a Rule 10b5-1 plan are typically pre-scheduled and do not necessarily reflect the insider’s current view of the company. For retail investors, purchases often carry more informational weight than routine sales; this filing documents a routine plan-based sale rather than an opportunistic market purchase.