[Form 4] Clover Health Investments, Corp Insider Trading Activity
Vivek Garipalli, a director and 10% owner of Clover Health Investments (CLOV), reported purchases of Class A common stock on 08/07/2025 and 08/08/2025. He acquired 415,000 shares on 08/07/2025 at a weighted average price of $2.24 and 31,980 shares on 08/08/2025 at a weighted average price of $2.17, bringing his reported direct ownership to 1,856,247 Class A shares.
Table II discloses substantial Class B common stock that converts one-for-one into Class A: 6,904,343 Class A-equivalent shares held directly, plus 11,500,000 and 72,084,543 Class A-equivalent shares held indirectly by Caesar Clover, LLC and NJ Healthcare Investments, LLC, respectively. The filing states Garipalli serves as sole manager of those LLCs.
Vivek Garipalli, amministratore e proprietario del 10% di Clover Health Investments (CLOV), ha riportato acquisti di azioni ordinarie di Classe A il 08/07/2025 e il 08/08/2025. Ha acquisito 415,000 azioni il 08/07/2025 a un prezzo medio ponderato di $2.24 e 31,980 azioni il 08/08/2025 a un prezzo medio ponderato di $2.17, portando la sua partecipazione diretta dichiarata a 1,856,247 azioni di Classe A.
La Tabella II segnala consistenti azioni ordinarie di Classe B convertibili uno a uno in azioni di Classe A: 6,904,343 azioni equivalenti Classe A detenute direttamente, oltre a 11,500,000 e 72,084,543 azioni equivalenti Classe A detenute indirettamente da Caesar Clover, LLC e NJ Healthcare Investments, LLC, rispettivamente. Il deposito indica che Garipalli svolge la funzione di manager unico di tali LLC.
Vivek Garipalli, director y propietario del 10% de Clover Health Investments (CLOV), informó compras de acciones ordinarias Clase A el 08/07/2025 y el 08/08/2025. Adquirió 415,000 acciones el 08/07/2025 a un precio promedio ponderado de $2.24 y 31,980 acciones el 08/08/2025 a un precio promedio ponderado de $2.17, elevando su propiedad directa informada a 1,856,247 acciones Clase A.
La Tabla II revela una cantidad sustancial de acciones ordinarias Clase B que se convierten una a una en Clase A: 6,904,343 acciones equivalentes Clase A en propiedad directa, además de 11,500,000 y 72,084,543 acciones equivalentes Clase A en propiedad indirecta por Caesar Clover, LLC y NJ Healthcare Investments, LLC, respectivamente. La presentación indica que Garipalli actúa como administrador único de esas LLC.
Clover Health Investments (CLOV)ì� ì´ì‚¬ì´ìž 10% ì§€ë¶� ë³´ìœ ìžì¸ Vivek GaripalliëŠ� 08/07/2025 ë°� 08/08/2025ì—� í´ëž˜ìŠ� A 보통주를 매수했다ê³� ì‹ ê³ í–ˆìŠµë‹ˆë‹¤. 그는 08/07/2025ì—� 가중í‰ê·� ê°€ê²� $2.24ì—� 415,000주를, 08/08/2025ì—� 가중í‰ê·� ê°€ê²� $2.17ì—� 31,980주를 ì·¨ë“하여 ë³´ê³ ë� ì§ì ‘ ë³´ìœ ëŸ‰ì„ 1,856,247 í´ëž˜ìŠ� A주로 ëŠ˜ë ¸ìŠµë‹ˆë‹�.
í‘� IIëŠ� 1대1ë¡� í´ëž˜ìŠ� Aë¡� ì „í™˜ë˜ëŠ” ìƒë‹¹í•� í´ëž˜ìŠ� B 보통주를 공시합니ë‹�: ì§ì ‘ ë³´ìœ í•� í´ëž˜ìŠ� A 환산 ì£¼ì‹ 6,904,343주와 Caesar Clover, LLC ë°� NJ Healthcare Investments, LLCê°€ ê°ê° ê°„ì ‘ ë³´ìœ í•� í´ëž˜ìŠ� A 환산 ì£¼ì‹ 11,500,000ì£� ë°� 72,084,543주가 기재ë˜ì–´ 있습니다. ì œì¶œì„œë¥˜ì—� 따르ë©� GaripalliëŠ� 해당 LLCë“¤ì˜ ë‹¨ë… ë§¤ë‹ˆì €ë¡� 등재ë˜ì–´ 있습니다.
Vivek Garipalli, administrateur et détenteur de 10% de Clover Health Investments (CLOV), a déclaré des achats d'actions ordinaires de classe A les 08/07/2025 et 08/08/2025. Il a acquis 415,000 actions le 08/07/2025 au prix moyen pondéré de $2.24 et 31,980 actions le 08/08/2025 au prix moyen pondéré de $2.17, portant sa participation directe déclarée à 1,856,247 actions de classe A.
Le tableau II révèle d'importantes actions ordinaires de classe B convertibles une pour une en classe A : 6,904,343 actions équivalentes classe A détenues directement, ainsi que 11,500,000 et 72,084,543 actions équivalentes classe A détenues indirectement par Caesar Clover, LLC et NJ Healthcare Investments, LLC, respectivement. Le dépôt indique que Garipalli est le gestionnaire unique de ces LLC.
Vivek Garipalli, Direktor und 10%-Eigentümer von Clover Health Investments (CLOV), meldete Käufe von Stammaktien der Klasse A am 08/07/2025 und 08/08/2025. Er erwarb am 08/07/2025 415,000 Aktien zu einem gewichteten Durchschnittspreis von $2.24 und am 08/08/2025 31,980 Aktien zu einem gewichteten Durchschnittspreis von $2.17, womit sein gemeldeter Direktbestand auf 1,856,247 Klasse-A-Aktien anstieg.
Tabelle II weist beträchtliche Klasse-B-Stammaktien aus, die eins zu eins in Klasse A umgewandelt werden: 6,904,343 Klasse-A-äquivalente Aktien im Direktbesitz sowie 11,500,000 und 72,084,543 Klasse-A-äquivalente Aktien, die jeweils indirekt von Caesar Clover, LLC bzw. NJ Healthcare Investments, LLC gehalten werden. Die Einreichung gibt an, dass Garipalli als alleiniger Manager dieser LLCs fungiert.
- Insider purchases reported: 415,000 shares at a weighted average of $2.24 and 31,980 shares at $2.17, increasing direct ownership.
- Direct ownership increased to 1,856,247 Class A shares following the transactions.
- Large convertible Class B holdings are disclosed that convert one-for-one into Class A, providing economic alignment between share classes.
- Reporting person is sole manager of Caesar Clover, LLC and NJ Healthcare Investments, LLC, clarifying the source of indirect holdings.
- High concentration of convertible holdings: Indirect holdings of 11,500,000 and 72,084,543 Class A-equivalents may concentrate voting/economic power.
- Incremental purchases are small relative to total convertible exposure, so the reported buys modestly change direct stake despite significant overall influence via Class B shares.
Insights
TL;DR: Material insider purchases alongside very large convertible Class B holdings, increasing direct stake modestly.
The Form 4 shows Garipalli purchased a total of 447,000 Class A shares across two days at weighted-average prices of $2.24 and $2.17, raising direct holdings to 1,856,247 shares. Equally important, Table II reports convertible Class B positions convertible one-for-one into Class A totaling tens of millions of shares (direct 6.9M; indirect 11.5M and 72.08M) held via two LLCs he manages. For investors, the filing confirms continued insider accumulation and concentrated voting/economic exposure via Class B instruments.
TL;DR: Insider buying is positive signal, but governance implications remain given concentrated Class B holdings held through managed LLCs.
The report documents incremental open-market purchases but also highlights that significant Class B convertible shares are held indirectly by Caesar Clover, LLC and NJ Healthcare Investments, LLC, entities for which Garipalli is sole manager. Those indirect holdings (11.5M and 72.08M Class A-equivalents) indicate concentrated control potential via convertible shares. The filing is informative about ownership structure but does not disclose any change in governance arrangements or conversion actions.
Vivek Garipalli, amministratore e proprietario del 10% di Clover Health Investments (CLOV), ha riportato acquisti di azioni ordinarie di Classe A il 08/07/2025 e il 08/08/2025. Ha acquisito 415,000 azioni il 08/07/2025 a un prezzo medio ponderato di $2.24 e 31,980 azioni il 08/08/2025 a un prezzo medio ponderato di $2.17, portando la sua partecipazione diretta dichiarata a 1,856,247 azioni di Classe A.
La Tabella II segnala consistenti azioni ordinarie di Classe B convertibili uno a uno in azioni di Classe A: 6,904,343 azioni equivalenti Classe A detenute direttamente, oltre a 11,500,000 e 72,084,543 azioni equivalenti Classe A detenute indirettamente da Caesar Clover, LLC e NJ Healthcare Investments, LLC, rispettivamente. Il deposito indica che Garipalli svolge la funzione di manager unico di tali LLC.
Vivek Garipalli, director y propietario del 10% de Clover Health Investments (CLOV), informó compras de acciones ordinarias Clase A el 08/07/2025 y el 08/08/2025. Adquirió 415,000 acciones el 08/07/2025 a un precio promedio ponderado de $2.24 y 31,980 acciones el 08/08/2025 a un precio promedio ponderado de $2.17, elevando su propiedad directa informada a 1,856,247 acciones Clase A.
La Tabla II revela una cantidad sustancial de acciones ordinarias Clase B que se convierten una a una en Clase A: 6,904,343 acciones equivalentes Clase A en propiedad directa, además de 11,500,000 y 72,084,543 acciones equivalentes Clase A en propiedad indirecta por Caesar Clover, LLC y NJ Healthcare Investments, LLC, respectivamente. La presentación indica que Garipalli actúa como administrador único de esas LLC.
Clover Health Investments (CLOV)ì� ì´ì‚¬ì´ìž 10% ì§€ë¶� ë³´ìœ ìžì¸ Vivek GaripalliëŠ� 08/07/2025 ë°� 08/08/2025ì—� í´ëž˜ìŠ� A 보통주를 매수했다ê³� ì‹ ê³ í–ˆìŠµë‹ˆë‹¤. 그는 08/07/2025ì—� 가중í‰ê·� ê°€ê²� $2.24ì—� 415,000주를, 08/08/2025ì—� 가중í‰ê·� ê°€ê²� $2.17ì—� 31,980주를 ì·¨ë“하여 ë³´ê³ ë� ì§ì ‘ ë³´ìœ ëŸ‰ì„ 1,856,247 í´ëž˜ìŠ� A주로 ëŠ˜ë ¸ìŠµë‹ˆë‹�.
í‘� IIëŠ� 1대1ë¡� í´ëž˜ìŠ� Aë¡� ì „í™˜ë˜ëŠ” ìƒë‹¹í•� í´ëž˜ìŠ� B 보통주를 공시합니ë‹�: ì§ì ‘ ë³´ìœ í•� í´ëž˜ìŠ� A 환산 ì£¼ì‹ 6,904,343주와 Caesar Clover, LLC ë°� NJ Healthcare Investments, LLCê°€ ê°ê° ê°„ì ‘ ë³´ìœ í•� í´ëž˜ìŠ� A 환산 ì£¼ì‹ 11,500,000ì£� ë°� 72,084,543주가 기재ë˜ì–´ 있습니다. ì œì¶œì„œë¥˜ì—� 따르ë©� GaripalliëŠ� 해당 LLCë“¤ì˜ ë‹¨ë… ë§¤ë‹ˆì €ë¡� 등재ë˜ì–´ 있습니다.
Vivek Garipalli, administrateur et détenteur de 10% de Clover Health Investments (CLOV), a déclaré des achats d'actions ordinaires de classe A les 08/07/2025 et 08/08/2025. Il a acquis 415,000 actions le 08/07/2025 au prix moyen pondéré de $2.24 et 31,980 actions le 08/08/2025 au prix moyen pondéré de $2.17, portant sa participation directe déclarée à 1,856,247 actions de classe A.
Le tableau II révèle d'importantes actions ordinaires de classe B convertibles une pour une en classe A : 6,904,343 actions équivalentes classe A détenues directement, ainsi que 11,500,000 et 72,084,543 actions équivalentes classe A détenues indirectement par Caesar Clover, LLC et NJ Healthcare Investments, LLC, respectivement. Le dépôt indique que Garipalli est le gestionnaire unique de ces LLC.
Vivek Garipalli, Direktor und 10%-Eigentümer von Clover Health Investments (CLOV), meldete Käufe von Stammaktien der Klasse A am 08/07/2025 und 08/08/2025. Er erwarb am 08/07/2025 415,000 Aktien zu einem gewichteten Durchschnittspreis von $2.24 und am 08/08/2025 31,980 Aktien zu einem gewichteten Durchschnittspreis von $2.17, womit sein gemeldeter Direktbestand auf 1,856,247 Klasse-A-Aktien anstieg.
Tabelle II weist beträchtliche Klasse-B-Stammaktien aus, die eins zu eins in Klasse A umgewandelt werden: 6,904,343 Klasse-A-äquivalente Aktien im Direktbesitz sowie 11,500,000 und 72,084,543 Klasse-A-äquivalente Aktien, die jeweils indirekt von Caesar Clover, LLC bzw. NJ Healthcare Investments, LLC gehalten werden. Die Einreichung gibt an, dass Garipalli als alleiniger Manager dieser LLCs fungiert.