Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CLOV | Class A Common Stock | Award | $0 | +190K | +6.66% | $0.00 | 3.04M | Sep 13, 2024 | Direct | F1 |
transaction | CLOV | Class A Common Stock | Tax liability | -$279K | -93.2K | -3.06% | $2.99 | 2.95M | Sep 13, 2024 | Direct | F2 |
transaction | CLOV | Class A Common Stock | Tax liability | -$294K | -98.2K | -3.33% | $2.99 | 2.85M | Sep 14, 2024 | Direct | F3 |
Id | Content |
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F1 | Represents restricted stock units ("RSUs"), each representing a right to a share of Class A Common Stock, earned in connection with the determination of the level of performance achievement in satisfaction of vesting conditions underlying a performance-based restricted share unit grant awarded on October 31, 2023. One-half of the number of earned restricted stock units vested and were settled on September 13, 2024, and the remaining one-half of the restricted stock units will vest on October 31, 2025, subject to the Reporting Person's continued employment on such vesting date. |
F2 | Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations due to the vesting of 1/2 of the number of earned performance-based restricted stock units, as described above. |
F3 | Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations due to the vesting on September 14, 2024, of 6.25% of the restricted stock units ("RSUs") granted to the Reporting Person on March 14, 2022. The remaining RSUs will vest in equal quarterly installments, with the final vesting occurring on March 14, 2026, in each case subject to the continued service of the Reporting Person on each such vesting date. |