Thomas Siebel, founder and CEO of C3.ai, sold 444,248 shares of his company for approximately $4.78 million in gross proceeds through transactions on September 15 and 16. These sales were executed at around $10.65 per share, representing a 40% decline from the 52-week high of $20.22. The shares came from vested stock options with a strike price of $3.90, generating an actual profit of approximately $3.05 million before taxes and transaction costs. These sales were conducted under a pre-established Rule 10b5-1 trading plan, removing any suspicion of trading on material non-public information. C3.ai’s market capitalization stands at $1.7 billion.
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