Summary by Moomoo AI
C3.ai's Chief Financial Officer, Hitesh Lath, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as per Form 3 requirements. The filing, dated March 1, 2024, indicates that Lath beneficially owns a certain number of securities in the company. Specifically, the report details the beneficial ownership of 160,154 Class A Common Stock Restricted Stock Units (RSUs), which are set to vest incrementally. Five percent of the RSUs will vest on March 15, 2024, with an additional five percent vesting quarterly as long as Lath continues to provide services to C3.ai. Each RSU represents a contingent right to receive one share of C3.ai's Class A Common Stock upon settlement. The form was signed by Eric Jensen, Attorney-in-Fact, on March 8, 2024.