Jamie L. Reynoso - Jan 7, 2022 Form 4 Insider Report for CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)

Signature
/s/ Joseph R. Martin as attorney-in-fact for Jamie L. Reynoso
Stock symbol
CLOV
Transactions as of
Jan 7, 2022
Transactions value $
-$97,512
Form type
4
Date filed
4/26/2023, 09:50 PM
Previous filing
Jul 20, 2021
Next filing
Apr 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLOV Class A Common Stock Tax liability -$50K -15.8K -1.09% $3.16 1.44M Jan 7, 2022 Direct F1, F2
transaction CLOV Class A Common Stock Tax liability -$16.5K -16.4K -1.14% $1.01 1.42M Jan 7, 2023 Direct F1
transaction CLOV Class A Common Stock Tax liability -$1.7K -1.28K -0.09% $1.33 1.42M Jan 31, 2023 Direct F3
transaction CLOV Class A Common Stock Tax liability -$29.3K -31.5K -2.21% $0.93 1.39M Mar 14, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's Class A Common Stock that were automatically withheld by the Issuer to cover the Reporting Person's tax obligations upon the vesting of 25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on July 16, 2021, on each of January 7, 2022 and January 7, 2023. The original grant was timely reported on a Form 4 filed on July 20, 2021.
F2 The number of shares of the Issuer's Class A Common Stock reported as beneficially owned includes an adjustment from the most recent Form 4 filing to reflect 1,281 shares of the Issuer's Class A Common Stock withheld by the Issuer to cover the Reporting Person's tax obligations in connection with a prior vesting event that was reported on a Form 4/A filed on the same date as this Form 4 report.
F3 Represents shares of the Issuer's Class A Common Stock that were automatically withheld by the Issuer to cover the Reporting Person's tax obligations in connection with the vesting of 1/3rd, of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on January 31, 2022 upon the achievement of certain performance criteria. The original grant was timely reported on a Form 4 filed on July 20, 2021.
F4 Represents shares of the Issuer's Class A Common Stock that were automatically withheld by the Issuer to cover the Reporting Person's tax obligations upon the vesting, on March 14, 2023, of 25% of the original number of RSUs granted to the Reporting Person on March 14, 2022. The remaining RSUs vest in twelve equal quarterly installments beginning on the date that is three months after March 14, 2023, in each case subject to the continued service of the Reporting Person on each such vesting date. The original grant of RSUs was timely reported on a Form 4 filed on Mach 16, 2022.