Wai Conrad 4
Research Summary
AI-generated summary
Clover Health (CLOV) CEO Wai Conrad Withholds 100,195 Shares for Taxes
What Happened
- Wai Conrad, CEO (Counterpart Health), had 100,195 shares of Clover Health Class A Common Stock withheld to satisfy tax obligations upon the vesting of time‑based RSUs. The withholding was recorded at $1.98 per share for a total value of $198,386. This was a tax‑withholding disposition (transaction code F), not an open‑market sale.
Key Details
- Transaction date: 2026-03-14; filing date: 2026-03-17 (timely).
- Price used for withholding: $1.98 per share.
- Shares withheld/disposed: 100,195; total value reported: $198,386.
- Footnote: The shares represented the automatic withholding to cover taxes on the final 6.25% of the RSUs originally granted on March 14, 2022.
- Footnote: Some shares are held in a family trust for which the reporting person is a co‑trustee.
- Remaining shares owned after the transaction: not specified in the Form 4 filing.
Context
- This was a routine tax‑withholding event tied to RSU vesting (a form of A/Award disposition), not a buy or open‑market sale—such withholdings are common when restricted stock units vest and do not necessarily signal a change in the insider’s view of the company.