Lisa Ann Davis - Oct 5, 2022 Form 4 Insider Report for C3.ai, Inc. (AI)

Role
Director
Signature
/s/ Eric Jensen, Attorney-in-Fact
Stock symbol
AI
Transactions as of
Oct 5, 2022
Transactions value $
$0
Form type
4
Date filed
10/7/2022, 05:43 PM
Previous filing
Oct 3, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AI Class A Common Stock Award $0 +25.9K $0.00 25.9K Oct 5, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AI Stock Option (Right to Buy) Award $0 +50.3K $0.00 50.3K Oct 5, 2022 Class A Common Stock 50.3K $13.49 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. For so long as the Reporting Person remains a member of the Board, 5% of each RSU shall vest on the date of each of the four regularly scheduled quarterly meetings of the Board that occur each fiscal year of the Company provided (i) the Reporting Person attended in person such meeting of the Board, or (ii) there is an allowed absence. Any portion of the RSU eligible to vest upon a certain regularly scheduled quarterly meeting of the Board which the Reporting Person does not attend and for which there is not an allowed absence shall be forfeited without consideration on the date of such Board meeting.
F2 Provided the Reporting Person remains a director of the Company and attends in person the regularly scheduled meeting of the Board during each fiscal quarter, commencing on October 5, 2022 (the "Vesting Commencement Date"), then 5% of the shares subject to the option shall vest on the last day of such fiscal quarter (the "Quarterly Shares") during the term of the option, provided, however, if the Reporting Person fails to attend any such regularly scheduled meeting, then vesting for the Quarterly Shares shall not occur and will be suspended (any such suspended Quarterly Shares being referred to collectively as the "Suspended Shares"). For any Suspended Shares, such shares shall vest only following the fifth anniversary of the applicable Vesting Commencement Date, if the Reporting Person satisfies the attendance requirements in subsequent periods.