C3.ai Stock Volatile as CEO Puts Some Shares for Sale, Offsetting Strong Results [Video]

C3.ai (AI) shares have been volatile Tuesday, after a filing showing that Chief Executive Officer (CEO) Thomas Siebel plans to sell millions of stock offset better-than-estimated quarterly results.

In a regulatory filing, the artificial intelligence (AI) software firm said that during its fiscal 2025 second quarter, Siebel put up 12.78 million shares to be sold.

The company noted that as of October 31, Siebel and his related entities had beneficial ownership over around 87.8% of its Class B common stock and approximately 21.6% of outstanding Class A common stock.

That resulted “in beneficial ownership of capital stock representing approximately 53.9%” of the voting power on the company’s stock. The shares for sale have an expiration date of December 17, 2026.

The Siebel news offset a strong second quarter performance. C3.ai posted a loss of $0.06 per share, narrower than the $0.14 per share loss analysts surveyed by Visible Alpha were anticipating. Revenue rose 29% to …