C3.ai (AI) CFO Lath Hitesh Sells 21,077 Shares

What Happened

• Lath Hitesh, Chief Financial Officer of C3.ai, reported exercise/conversion of RSU/derivative awards on 2026-09-15 totaling 29,007 shares (8,007 + 1,000 + 20,000). Following vesting/conversion, he sold 21,077 shares in an open‑market transaction on 2026-09-16 at a weighted-average price of $10.48 for proceeds of $220,887. The filing also shows multiple gift/transfer entries (29,856 shares on 9/16 and 15,930 shares on 9/17) and corresponding acquisitions (reflecting transfers into/out of trust or family accounts as reported).
• Several derivative entries appear with $0 proceeds reflecting conversion/settlement of RSUs. Footnotes indicate these were RSUs (each unit = one share) and that some shares were automatically withheld and sold by the company to satisfy tax withholding on vesting.

Key Details

• Transaction dates: RSU exercise/conversion 2026-09-15; open‑market sale 2026-09-16; gifts/transfers 2026-09-16 and 2026-09-17. Filing date: 2026-09-17 (appears timely).
• Sale details: 21,077 shares sold; weighted‑average sale price $10.48; range reported $10.37–$10.64; total proceeds ~$220,887 (F3).
• RSU/derivative notes: RSUs convert to one share each (F1). Company withheld and sold shares to cover taxes related to vesting (F2).
• Gifts/transfers: 29,856 and 15,930 share gift/transfer entries appear; one holding is The Lath Family Revocable Trust (F4). Gifts/transfers do not necessarily indicate buying/selling intent.
• Vesting schedule references: portions of RSU awards vested on various dates and continue vesting quarterly if service continues (F5–F7).
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• The filings show RSU vesting/conversion followed by share sales and transfers. The automatic sale/withholding for taxes is common with RSU settlements and is noted here (cashless tax withholding). Gift/transfer entries typically reflect intra‑family or trust moves and are not a market sentiment signal.