Brady Priest - Sep 13, 2024 Form 4 Insider Report for CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)

Signature
/s/Peter J. Rivas as attorney-in-fact for Brady Priest
Stock symbol
CLOV
Transactions as of
Sep 13, 2024
Transactions value $
-$247,943
Form type
4
Date filed
9/17/2024, 04:08 PM
Previous filing
Jul 22, 2024
Next filing
Oct 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLOV Class A Common Stock Award $0 +190K +10.18% $0.00 2.06M Sep 13, 2024 Direct F1
transaction CLOV Class A Common Stock Tax liability -$248K -82.9K -4.03% $2.99 1.97M Sep 13, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.