Reynoso Jamie L. 4
Research Summary
AI-generated summary
Clover Health (CLOV) CEO Jamie Reynoso Withholds 6,197 Shares for Taxes
What Happened
Jamie L. Reynoso, CEO (Medicare Advantage) of Clover Health Investments, had 6,197 shares of Class A common stock withheld to cover tax obligations tied to the vesting of RSUs. The withholding was recorded on April 3, 2026, at $1.72 per share for a total value of $10,659. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: April 3, 2026; price: $1.72 per share; shares withheld: 6,197; value: $10,659.
- Transaction code: F (shares withheld to satisfy tax withholding on vested RSUs).
- Footnote: These shares represent 6.25% of the RSUs granted to Reynoso on January 3, 2023; the remaining RSUs vest in equal quarterly installments, with final vesting on January 3, 2027, subject to continued service.
- Filing date: April 7, 2026 (filed within the Form 4 two-business-day window).
- Shares owned after the transaction: Not specified in the provided filing details.
Context
Withholdings to cover taxes on vested RSUs are routine corporate actions and do not necessarily indicate buying or selling intent in the market. This was a cashless tax-withholding event tied to RSU vesting rather than a discretionary sale or purchase by the insider.