Thomas M. Siebel, CEO and Chairman of the Board at C3.ai, Inc. (NYSE:AI), disclosed a sale of 462,565 shares of Class A Common Stock on July 14 and July 15, 2026. SEC Form 4 filing
Transaction value based on SEC Form 4 weighted average sale price ($9.18); post-transaction value based on July 15, 2026 market close ($9.14).
What was the structure of the derivative exercise?Siebel exercised 462,565 options at a strike price of $3.90 per share and immediately sold the resulting Class A Common Stock at a weighted average price of $9.18 per share. The exercise and subsequent sales were split across two trading days, July 14 and July 15, 2026, and the executive still holds ~2.9 million derivative securities directly.
How are the remaining indirect holdings distributed?Following this transaction, Siebel maintains indirect control over ~1.5 million shares held through four distinct entities: The Siebel 2011 Irrevocable Children's Trust (~1.2 million shares), Siebel Asset Management (170,294 shares), Siebel Asset Management III (72,695 shares), and First Virtual Holdings (9,216 shares).
What is the context of the stock's recent performance?The transaction occurred after a period of significant volatility, with the stock recording a -66% one-year total return as of the July 15, 2026 market close. Despite this performance, the CEO realized a spread of $5.28 per share over the option exercise price.
Does the executive maintain a significant stake in the company?While the sale represented 17% of his total equity holdings, Siebel remains a substantial shareholder with 2,216,684 total beneficial shares, including both direct and indirect interests, representing an approximate 1% ownership stake in the firm.
C3.ai provides enterprise artificial intelligence software solutions, with core offerings including the C3 AI Application Platform for developing and deploying enterprise-scale AI applications, complemented by specialized tools such as C3 AI Ex Machina for data preparation and C3 AI CRM for customer relationship management.
The company generates revenue through a software-as-a-service (SaaS) model, licensing its AI platform and specialized applications to enterprise customers on a subscription basis, enabling organizations to build and operationalize AI solutions at scale.
C3.ai serves a global clientele across North America, Europe, the Middle East, Africa, and the Asia Pacific region, targeting large enterprises and organizations seeking to implement artificial intelligence capabilities across their operations.
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