Andrew Toy - Aug 8, 2023 Form 4 Insider Report for CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)

Role: Chief Executive Officer, Director
Signature: /s/Scott J. Leffler, as Attorney-in-Fact for Andrew Toy
Stock symbol: CLOV
Transactions as of: Aug 8, 2023
Transactions value $: -$369,368
Form type: 4
Date filed: 8/9/2023, 04:46 PM
Previous filing: Jan 4, 2023
Next filing: Nov 13, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLOV	Class A Common Stock	Tax liability	-$369K	-278K	-2.23%	$1.33	12.2M	Aug 8, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on August 8, 2023, of 25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on August 8, 2022, and timely reported on a Form 4 filed on August 10, 2022. The remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after August 8, 2023, in each case subject to the continued service of the Reporting Person on such vesting date.

Content

Represents shares of Class A Common Stock that were automatically withheld to cover tax obligations upon the vesting, on August 8, 2023, of 25% of the original number of time-based restricted stock units ("RSUs") granted to the Reporting Person on August 8, 2022, and timely reported on a Form 4 filed on August 10, 2022. The remaining RSUs will vest in twelve equal quarterly installments beginning on the date that is three months after August 8, 2023, in each case subject to the continued service of the Reporting Person on such vesting date.