THORNTON JOSEPH CLAY 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Clover Health (CLOV) Interim CFO Joseph Thornton Withholds 4,158 Shares for Taxes
What Happened
Joseph Clay Thornton, Interim Chief Financial Officer of Clover Health Investments (CLOV), had 4,158 shares of Class A common stock disposed (withheld) to cover tax obligations related to RSU vesting. The shares were valued at $2.04 each for a total of $8,482 on April 15, 2026. This was a tax-withholding disposition (routine), not an open-market sale or purchase.
Key Details
- Transaction date: April 15, 2026; filing date: April 16, 2026 (appears timely).
- Disposed/withheld: 4,158 shares at $2.04 per share; total value reported $8,482. (Transaction code F = tax withholding.)
- Shares owned after the transaction: not specified in the information provided in this summary/filing excerpt.
- Footnote: The withholding covered taxes on the vesting of 6.25% of RSUs originally granted Oct 15, 2024. Remaining RSUs vest in equal quarterly 6.25% installments, with final vesting on Oct 15, 2028, subject to continued service.
Context
This was a tax-withholding event tied to RSU vesting (a common, administrative occurrence) rather than a discretionary sale that signals a view on the company. For RSU-related withholdings, shares are retained to satisfy tax obligations rather than being sold on open market by the insider.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-04-15$2.04/sh−4,158$8,482→ 1,234,526 total
Footnotes (1)
- [F1]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations on April 15, 2026, due to the vesting of 6.25% of the original number of restricted stock units (RSUs) granted to the Reporting Person on October 15, 2024. The remaining RSUs vest quarterly in equal installments of 6.25%, with the final vesting date occurring on October 15, 2028, subject to the continued service of the Reporting Person on each such vesting date.