Clover Health Interim CFO Joseph Clay Thornton Sells 4,630 Shares for Tax Withholding

2026-07-16SEC Filing 4 (0001801170-26-000174)

Joseph Clay Thornton, Interim CFO of Clover Health Investments, Corp., sold 4,630 shares of Class A Common Stock on July 15, 2026, at a weighted average price of $4.67 per share. The sale was a mandatory "sell to cover" transaction to satisfy tax withholding obligations related to the vesting of 6.25% of restricted stock units (RSUs) originally granted on October 15, 2024. The remaining RSUs vest quarterly in equal installments of 6.25%, with final vesting occurring on October 15, 2028, contingent on Thornton's continued service. Following the transaction, Thornton holds 1,212,954 shares. The filing emphasizes that this was not a discretionary trade but rather a required transaction under the company's equity incentive plans to cover tax obligations.