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A Clover Health Insider Sold Over 220,000 Company Shares. What Does That Mean for Investors?

The Motley Fool·
A Clover Health Insider Sold Over 220,000 Company Shares. What Does That Mean for Investors?

Conrad Wai, CEO of Clover Health's Counterpart Health subsidiary, sold 220,426 shares for approximately $879,000 on May 28, 2026. The sale was part of a pre-arranged Rule 10b5-1 trading plan and should not concern investors, as Wai retains over 2.5 million shares. The transaction occurred during a strong period for the company, with Q1 2026 showing 62% revenue growth and 51% Medicare Advantage membership growth.

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