Reynoso Jamie L. 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Clover Health CEO Jamie Reynoso Receives 159,384 RSUs
What Happened
Jamie L. Reynoso, CEO (Medicare Advantage) of Clover Health Investments, Inc. (CLOV), was awarded 159,384 restricted stock units (RSUs) on April 1, 2026. The award is reported as an acquisition (code A) at $0.00 per share — i.e., RSUs representing Class A common stock rather than an open‑market purchase; no immediate cash value is recorded in the filing.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed within the typical 2-business-day deadline).
- Transaction type: Award/Grant (RSUs), 159,384 units; acquisition price reported $0.00.
- Vesting: 25% vests on April 1, 2027; remaining RSUs vest in 12 equal quarterly installments starting three months after the first anniversary; fully vested on April 1, 2030, subject to continued service.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Awarded RSUs convert to Class A common shares upon vesting (see vesting schedule above).
Context
RSUs are compensation that convert into shares over time if the executive remains employed; they do not constitute an immediate market purchase or sale. Such grants are common for aligning executive incentives with shareholder value but are not a direct indicator of immediate insider buying or selling intent.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-01+159,384→ 2,876,119 total
Footnotes (1)
- [F1]Represents shares of Class A common stock underlying a time-based restricted stock unit award ("RSUs"). Twenty-five percent of the RSUs will vest on the first anniversary of April 1, 2026, and the remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after the first anniversary of April 1, 2026, in each case subject to the continued service of the Reporting Person on each such vesting date, so that such RSUs will be fully vested on April 1, 2030.