4Filed Jul 5, 8:00 PM ET
Clover Health (CLOV) CEO Jamie L. Reynoso Sells 6,229 Shares
$CLOV · CLOVER HEALTH INVESTMENTS, CORP. /DEResearch Summary
AI-generated summary of this SEC filing
Clover Health (CLOV) CEO Jamie L. Reynoso Sells 6,229 Shares
What Happened Jamie L. Reynoso, CEO (Medicare Advantage) of Clover Health Investments, sold 6,229 shares of Class A common stock on July 6, 2026, at $5.26 per share, for proceeds of $32,765. This was a sale (not a purchase) and reflects a routine sell-to-cover to satisfy tax withholding on vested restricted stock units (RSUs), not a discretionary trade.
Key Details
- Transaction type: Open market/private sale (Code S) on 2026-07-06 at $5.26 per share. Total reported proceeds: $32,765.
- Period of report / filing: Transaction relates to RSU vesting on 2026-07-03; Form 4 filed 2026-07-06 (appears timely).
- Shares owned after transaction: Not disclosed in the supplied filing details.
- Footnote: The sale was required to cover tax withholding on 6.25% of RSUs that vested July 3, 2026. The RSUs were granted January 3, 2023; remaining RSUs vest quarterly (6.25% each) with final vesting on January 1, 2027, subject to continued service. The issuer’s equity plan mandates "sell to cover" funding for withholding (footnote F1).
- Not a 10b5-1 plan or option exercise; proceeds reflect tax withholding only, per the filing.
Context Sell-to-cover transactions are common when RSUs vest and generally reflect tax obligations rather than a deliberate decision to liquidate holdings. Such routine withholding sales are less informative about the insider’s market views than outright discretionary purchases.