C3.ai CEO Thomas Siebel sells $4.78m in company stock By Investing.com

Thomas M. Siebel, CEO and Chairman of the Board at C3.ai, Inc. (), recently sold 444,248 shares of the company’s Class A Common Stock for a total value of approximately $4,783,894. The sales occurred on September 15 and September 16, 2026, with prices ranging from $10.35 to $11.04 per share. The stock currently trades at $10.78, giving C3.ai a market cap of $1.73 billion. Shares have declined 20% year-to-date and 40% over the past year, reflecting significant volatility in a stock with a beta of 2.09. According to InvestingPro analysis, the stock appears overvalued at current levels based on Fair Value calculations.

According to a Form 4 filing with the Securities and Exchange Commission, Mr. Siebel also acquired 444,248 shares of Class A Common Stock by exercising stock options at a price of $3.90 per share, totaling approximately $1,732,567. These transactions were executed under a Rule 10b5-1 trading plan established on September 20, 2024.

Following these transactions, Mr. Siebel directly holds 722,362 shares of C3.ai Class A Common Stock. He also maintains significant indirect holdings, including 7,105,019 shares through The Siebel Living Trust, 9,216 shares through First Virtual Holdings, LLC, 170,294 shares through Siebel Asset Management, L.P., 72,695 shares through Siebel Asset Management III, L.P., and 1,237,115 shares through The Siebel 2011 Irrevocable Children’s Trust.

The stock options exercised were fully vested and had an exercise price of $3.90, with an expiration date of November 27, 2028. After these exercises, Mr. Siebel directly holds 1,968,948 stock options.

In other recent news, C3.ai announced its first-quarter fiscal 2027 results, reporting revenue of $52.4 million. This figure represents a 25% decline year-over-year, aligning within the company’s guidance range of $50.0 million to $54.0 million, and slightly surpassing the Street estimate of $52.1 million. The company’s non-GAAP EPS was reported at negative $0.20, which was better than the consensus estimate of negative $0.26. Despite these results, JMP Securities downgraded C3.ai’s stock rating due to concerns about revenue guidance. Needham maintained a Hold rating on the stock following the earnings release. Analysts from JMP Securities and Needham have expressed varied sentiments on the company’s financial outlook. These developments highlight the mixed reactions from analysts regarding C3.ai’s performance and future prospects.

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