SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ABBO EDWARD Y

(Last) (First) (Middle)
C/O C3.AI, INC.
1400 SEAPORT BLVD

(Street)
REDWOOD CITY CA 94063

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
C3.ai, Inc. [ AI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/27/2023 M(1) 179,191 A $1.56 508,301 D
Class A Common Stock 06/27/2023 M(1) 107,143 A $1.68 615,444 D
Class A Common Stock 06/27/2023 M(1) 250,000 A $1.86 865,444 D
Class A Common Stock 06/27/2023 M(1) 47,874 A $2.82 913,318 D
Class A Common Stock 06/27/2023 M(1) 114,190 A $4.56 1,027,508 D
Class A Common Stock 06/27/2023 M(1) 80,854 A $4.56 1,108,362 D
Class A Common Stock 06/27/2023 S(1) 457,585 D $32.96(2) 650,777 D
Class A Common Stock 149,577 I See Footnote(3)
Class A Common Stock 149,578 I See Footnote(4)
Class A Common Stock 149,578 I See Footnote(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $1.56 06/27/2023 M(1) 179,191 (6) 01/20/2024 Class A Common Stock 179,191 $0.00 0 D
Stock Option (Right to Buy) $1.68 06/27/2023 M(1) 107,143 (6) 07/12/2026 Class A Common Stock 107,143 $0.00 0 D
Stock Option (Right to Buy) $1.86 06/27/2023 M(1) 250,000 (6) 11/29/2026 Class A Common Stock 250,000 $0.00 0 D
Stock Option (Right to Buy) $2.82 06/27/2023 M(1) 47,874 (6) 05/22/2028 Class A Common Stock 47,874 $0.00 0(7) D
Stock Option (Right to Buy) $4.56 06/27/2023 M(1) 114,190 (8) 06/12/2029 Class A Common Stock 114,190 $0.00 30,548 D
Stock Option (Right to Buy) $4.56 06/27/2023 M(1) 80,854 (9) 07/05/2030 Class A Common Stock 80,854 $0.00 63,884 D
Explanation of Responses:
1. Transaction pursuant to a previously established Rule 10b5-1 Plan dated March 22, 2023.
2. Represents weighted average sales price. The shares were sold at prices ranging from $32.68 to $33.50. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
3. The shares are held by the Abbo 2012 Children's Trust FBO Casey Cecile Abbo, of which the Reporting Person is trustee.
4. The shares are held by the Abbo 2012 Children's Trust FBO Dana Lauren Abbo, of which the Reporting Person is trustee.
5. The shares are held by the Abbo 2012 Children's Trust FBO Layla Grace Abbo, of which the Reporting Person is trustee.
6. Fully vested.
7. Due to rounding in connection with the reverse stock split, the total shares include 2 additional shares that was not originally reported on the Reporting Person's Form 3
8. Twenty percent (20%) of the shares subject to the option grant vested on May 1, 2020, and the remaining eighty percent (80%) of such grant vests on a monthly basis for the following four years, so long as the Reporting Person continues to provide services through such vesting dates.
9. Twenty percent (20%) of the shares subject to the option grant vested on May 1, 2021, and the remaining eighty percent (80%) of such grant vests on a monthly basis for the following four years, so long as the Reporting Person continues to provide services through such vesting dates.
Remarks:
/s/ Eric C. Jensen, Attorney-in-Fact 06/29/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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