Summary by Moomoo AI
C3.ai, Inc. announced that Director Jim H. Snabe plans to sell 499,700 shares of Class A Common Stock on 12/17/2024. The transaction, valued at approximately $21.5 million, stems from an employee stock option exercise.Snabe acquired these shares through a cashless exercise of employee stock options on the same date. The broker-facilitated transaction involves the immediate sale of the acquired shares. This planned sale represents a significant liquidation of Snabe's holdings in the company.Notably, the company reported no other securities sold by Snabe in the past three months. The transaction is scheduled for execution on 12/17/2024, aligning with the acquisition and payment date of the stock options.