C3.ai CEO Siebel sells 481,638 shares at avg $8.70 via pre-arranged plan; stock down 70.8% from 52-week high, company unprofitable.
Thomas M Siebel executed 2 separate sales totaling 481,638 shares for $4,192,042.38 at an average price of $8.70, reducing his holdings by 40.0% from 1,204,000 to 722,362 shares. This transaction is scheduled under a 10b5-1 trading plan and therefore pre-arranged, not discretionary. The stock is trading at $8.83 currently, down 70.8% from its 52-week high of $30.24 and down 16.7% over the prior 90 days, while the company posted a negative net income of $-133,363,000.00 on revenue of $53,260,000.00 in its latest quarter and remains unprofitable on a full-year basis despite 25.3% annual revenue growth. The filing reflects a scheduled divestiture by the CEO during a period of substantial stock depreciation and persistent operational losses.