Thomas M. Siebel, who serves as CEO and Chairman of the Board at C3.ai, Inc. (NASDAQ:AI), executed a series of stock transactions concerning the company's Class A Common Stock during early June 2026. These reported activities encompassed option exercises, the conversion of restricted stock units (RSUs), and various transfers between direct and indirect ownership accounts, culminating in a specific sale totaling $196,402.
On June 2, 2026, Siebel executed the disposal of 17,350 shares of Class A Common Stock. These shares were sold at a weighted-average price of $11.32 per share. The individual sale prices for these units varied, ranging from a low of $11.22 to a high of $11.435. This particular divestiture was structured specifically to fulfill tax withholding requirements that arose from the vesting of RSUs.
The preceding days saw substantial increases in Siebel's holdings. On June 1, 2026, he acquired a total of 6,199,403 shares of Class A Common Stock through two distinct transactions. The first involved the conversion of 32,736 Restricted Stock Units (RSUs). An RSU represents a contingent right to receive one share of the Issuer’s Class A Common Stock once it is settled. These RSUs are scheduled to vest quarterly, commencing from December 1, 2023, provided that continued service is maintained by Siebel.
In addition to the RSU conversions, Siebel exercised stock options for a volume of 6,166,667 shares. The exercise price set for these options was $11.16 per share, and all of these options were reported as fully vested. Considering both the value derived from the RSU conversions and the option exercises, the combined worth associated with these acquisitions amounted to $68,820,003.
Further adjusting his holdings on June 3, 2026, Siebel transferred 6,182,053 shares of Class A Common Stock. These units moved from direct ownership into indirect ownership, having been acquired indirectly via The Siebel Living Trust, where Siebel functions as the trustee.
Following these transactions, the current structure of Siebel's stock holdings is detailed. Directly, he holds 722,362 shares of Class A Common Stock. His indirect holdings are more extensive, including 6,902,156 shares managed through The Siebel Living Trust; 9,216 shares via First Virtual Holdings, LLC; 170,294 shares held by Siebel Asset Management, L.P.; 72,695 shares under Siebel Asset Management III, L.P.; and 1,237,115 shares through The Siebel 2011 Irrevocable Children’s Trust.
Beyond the reported insider activity, C3.ai also released its financial results for Q4 2026. These earnings figures surpassed what analysts had anticipated. Specifically, the company posted an earnings per share (EPS) of -$0.33. This result was favorable compared to the forecast of -$0.38, representing a positive surprise of 13.16% for investors. Furthermore, C3.ai’s revenue for that quarter reached $51.6 million, which exceeded the projected figure of $50.13 million. These reported metrics emphasize the company's capability to generate financial performance better than expected. The announcement of these earnings was followed by an increase in the company's stock price during after-hours trading, reflecting C3.ai’s recent positive momentum in its key financial indicators.
Key Observations and Market Impact
The combination of strong operational metrics and executive activity provides several points for analysis:
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Risks
- The sale of shares by CEO Thomas Siebel on June 2, 2026, totaling $196,402, was conducted to satisfy tax withholding obligations related to vesting RSUs.
- The transaction structure involves complex transfers and acquisitions through multiple trusts and holding entities (e.g., The Siebel Living Trust, First Virtual Holdings, LLC).
- While earnings exceeded expectations, the company still reported a negative EPS of -$0.33.
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