Soares Karen 4

What Happened

• Karen Soares, General Counsel & Secretary of Clover Health Investments (CLOV), had 4,528 shares of Class A common stock withheld on March 15, 2026, to cover tax obligations tied to RSU vesting. The shares were recorded as disposed at $1.98 each, for a total of $8,965. This was a tax-withholding disposition of vested restricted stock units, not an open-market sale.

Key Details

• Transaction date: 2026-03-15; filing date: 2026-03-17 (filed within the typical 2-business-day Form 4 window).
• Price per share: $1.98; shares withheld/disposed: 4,528; total value: $8,965.
• Transaction code: F — shares withheld to cover tax withholding on vested RSUs.
• Post-transaction beneficial ownership: not specified in the provided filing details.
• Footnote: The withheld shares represent 6.25% of the original time-based RSUs granted to Soares on Sept 15, 2022. The remaining RSUs vest in equal 6.25% quarterly installments, with final vesting on Sept 15, 2026, subject to continued service.

Context

• This is a routine tax-withholding event accompanying RSU vesting (common practice when restricted shares vest). It does not by itself indicate a buy or sell decision about the company’s stock.