C3.ai CEO Siebel sells 495,575 shares for $5.5M under 10b5-1 plan; stock -63.4% from 52-week high
CEO Thomas M Siebel executed 2 separate sales totaling 495,575 shares for $5,501,359.95 at blended average price $11.10, reducing his non-derivative holdings by -40.7% to 722,362 shares post-transaction. This sale is part of a pre-arranged 10b5-1 trading plan, making it scheduled rather than discretionary. The timing coincides with the stock trading -63.4% below its 52-week high of $30.11, though the stock has recovered +27.5% over the past 30 days. C3.ai remains unprofitable (full-year net income $-133.4M against revenue of $53.3M), though the company showed +25.3% annual revenue growth. The insider retains 223,994 restricted stock units and 329,075 stock options (553,069 total derivative shares), preserving meaningful ongoing exposure despite the significant share reduction.