Lath Hitesh 4
4 · C3.ai, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
C3.ai (AI) CFO Lath Hitesh Sells Shares After RSU Vesting
What Happened
- Lath Hitesh, Chief Financial Officer of C3.ai (AI), reported conversions/settlements of equity on March 15, 2026 and an open‑market sale on March 16, 2026. On March 15 he acquired 29,008 shares via exercise/conversion at $0.00 (includes RSU settlements and 1,428 ESPP shares). On March 16 he sold 15,248 shares in the open market at a weighted‑average price of $8.98 for proceeds of $136,927. Several of the shares from the March 15 vesting/conversion were withheld/sold by the issuer to satisfy tax withholding obligations.
Key Details
- Transaction dates and prices:
- Mar 15, 2026: Exercise/conversion (code M) — 29,008 shares acquired at $0.00 (includes 1,428 ESPP shares per footnote).
- Mar 16, 2026: Open‑market sale — 15,248 shares disposed at a weighted‑average price of $8.98 (range $8.895–$9.01), total proceeds $136,927.
- Mar 15, 2026: 29,008 shares also shown as disposed at $0.00 reflecting withholding/cancellation of shares (see footnotes).
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- F1–F7 indicate these were RSU settlements/ESPP acquisitions with specified vesting schedules and that the issuer automatically withheld/sold shares to cover tax withholding (F2, F4, F5–F7).
- F3 notes the sale price is a weighted average and the shares were sold in multiple trades; detailed per‑trade prices are available on request.
- Filing timeliness: Report filed 2026‑03‑17 for transactions on Mar 15–16, 2026 — the filing does not indicate a late report.
Context
- The Mar 15 entries are conversions/settlements of equity awards (RSUs/ESPP), shown at $0.00 because RSUs convert to shares without an exercise price. The simultaneous disposition at $0.00 reflects shares withheld/cancelled for tax withholding rather than a cash sale.
- The March 16 open‑market sale generated modest proceeds (~$137k). Such sales after vesting or ESPP purchases are common to cover tax obligations or diversify holdings; they are not definitive signals of an insider’s view on the company.
Insider Transaction Report
Form 4
Lath Hitesh
CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+8,008→ 231,128 total - Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+1,000→ 232,128 total - Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+20,000→ 252,128 total - Sale
Class A Common Stock
[F2][F3][F4]2026-03-16$8.98/sh−15,248$136,927→ 238,308 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-15−8,008→ 88,085 total→ Class A Common Stock (8,008 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-15−1,000→ 13,000 total→ Class A Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-03-15−20,000→ 280,000 total→ Class A Common Stock (20,000 underlying)
Footnotes (7)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F2]Pursuant to the Issuer's policies and practice, these shares of Class A Common Stock were automatically withheld and sold by the Issuer to satisfy the Reporting Person's tax withholding obligations related to the vesting of RSUs reported herein.
- [F3]The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $8.895 to $9.01, inclusive. The Reporting Person will provide upon request to the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]Includes 1,428 shares acquired by the Reporting Person under the Issuer's Employee Stock Purchase Plan on March 15, 2026.
- [F5]5% of such RSU award vested on March 15, 2024 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date.
- [F6]20% of such RSU award vested on June 15, 2025 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date.
- [F7]20% of such RSU award vested on September 15, 2025 and 5% of such RSU award vest on a quarterly basis thereafter, so long as the Reporting Person continues to provide services through such vesting date.
Signature
/s/ Sasha Pesic, Attorney-in-Fact|2026-03-17