C3.ai CEO Thomas Siebel Sells Over 444,000 Shares Worth $4.8 Million After a 40% Decline in the Stock

Key Points The notable CEO sold ~444,000 shares at a weighted average price of $10.77 per share, representing a total transaction value of ~$4.8 million. The traded shares equaled 5% of the total stake held before the filing, while the direct position of 722,362 shares remained unchanged due to the simultaneous exercise of options. Indirect ownership totaling ~8.6 million shares is maintained through The Siebel Living Trust, First Virtual Holdings, Siebel Asset Management, Siebel Asset Management III, and The Siebel 2011 Irrevocable Children's Trust. 10 stocks we like better than C3.ai › Thomas M. Siebel, Chief Executive Officer and Chairman of the Board at C3.ai, Inc.