Toy Andrew 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Clover Health (CLOV) CEO Andrew Toy Sells 85,704 Shares
What Happened
Andrew Toy, CEO of Clover Health (CLOV), had 85,704 Class A shares withheld to satisfy tax obligations when a tranche of time-based RSUs vested on Feb 8, 2026. The filing reports a disposition of those shares at $2.13 per share, totaling approximately $182,550. This was an automatic tax-withholding event (code F), not an open-market sale.
Key Details
- Transaction date: Feb 8, 2026; reported on Form 4 filed Feb 10, 2026 (appears timely).
- Price / value: $2.13 per share; total value ≈ $182,550.
- Shares withheld/disposed: 85,704.
- Shares owned after transaction: Not specified in the reported excerpt.
- Footnote: Withholding represents 6.25% of the original RSUs granted Aug 8, 2022; the remaining RSUs vest quarterly in 6.25% installments, with final vesting on Aug 8, 2026, subject to continued service.
- Transaction code: F = shares withheld to cover tax liability (cashless withholding on vesting), not a market sale.
Context
This was a routine tax-withholding action tied to RSU vesting. Such withholdings are common and do not necessarily signal the insider’s view on the stock; they simply satisfy tax obligations when equity awards vest. Remaining RSU installments will continue to vest quarterly through Aug 8, 2026, assuming continued service.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-02-08$2.13/sh−85,704$182,550→ 9,423,021 total
Footnotes (1)
- [F1]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on February 8, 2026, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on August 8, 2022, and timely reported on a Form 4 filed on August 10, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on August 8, 2026, subject to the continued service of the Reporting Person on each such vesting date.