Reynoso Jamie L. 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Clover Health CEO Jamie Reynoso Sells Shares to Cover Taxes
What Happened
Jamie L. Reynoso, CEO (Medicare Advantage) of Clover Health Investments (CLOV), had a total of 15,132 shares of Class A common stock disposed (withheld) to cover tax obligations upon the vesting of restricted stock units (RSUs). On March 14, 2026, 8,945 shares were withheld at $1.98 each ($17,711), and on March 15, 2026, 6,187 shares were withheld at $1.98 each ($12,250). This is a routine tax-withholding disposition tied to RSU vesting, not an open-market sale for investment purposes.
Key Details
- Transaction dates and prices: 3/14/2026 — 8,945 shares @ $1.98; 3/15/2026 — 6,187 shares @ $1.98.
- Total shares withheld/disposed: 15,132 shares; total value ≈ $29,961.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — 8,945 shares withheld to cover taxes on final 6.25% of RSUs granted 3/14/2022 (vested 3/14/2026). F2 — 6,187 shares withheld to cover taxes on 6.25% of RSUs granted 9/16/2022 (vested 3/15/2026); remaining RSUs vest quarterly through 9/15/2026, subject to continued service.
- Filing date: Form 4 filed 3/17/2026 reporting the 3/14–3/15 transactions; no late filing flag noted in the report.
Context
These transactions are tax-withholding dispositions that occur automatically when RSUs vest (sometimes called a cashless/withholding settlement). They are routine and reflect tax obligations rather than a discretionary sale that signals the insider’s view of the stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-14$1.98/sh−8,945$17,711→ 2,728,755 total - Tax Payment
Class A Common Stock
[F2]2026-03-15$1.98/sh−6,187$12,250→ 2,722,568 total
Footnotes (2)
- [F1]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on March 14, 2026, of the final 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on March 14, 2022.
- [F2]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on March 15, 2026, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on September 16, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on September 15, 2026, subject to the continued service of the Reporting Person on each such vesting date.