Soares Karen 4
4 · CLOVER HEALTH INVESTMENTS, CORP. /DE · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Clover Health (CLOV) GC Karen Soares Withholds 4,528 Shares for Taxes
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.
Insider Transaction Report
Form 4
Soares Karen
General Counsel & Secretary
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-03-15$1.98/sh−4,528$8,965→ 1,200,061 total
Footnotes (1)
- [F1]Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on March 15, 2026, of 6.25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on September 15, 2022. The remaining RSUs vest quarterly in equal installments of 6.25%, with a final vesting date occurring on September 15, 2026, subject to the continued service of the Reporting Person on each such vesting date.
Signature
/s/Peter J. Rivas as attorney-in-fact for Karen M. Soares|2026-03-17