C3.ai Stock Puts Some Shares Up for Sale as Volatile CEO Offers Strong Results

A regulatory filing showed that C3.ai founder and CEO Thomas Siebel was selling 12.78 million shares of the artificial intelligence software company.
The news unsettled trading at the company on Tuesday, even as it posted better-than-expected quarterly results and raised its revenue guidance.
Siebel noted that the company is benefiting from its new global strategic alliance with Microsoft.

C3.ai (A.I) shares were flat on Tuesday, following a filing that showed Chief Executive Officer (CEO) Thomas Siebel plans to sell millions of stocks offset better-than-estimated quarterly results.

In a regulatory filing, Artificial Intelligence (AI) During the second quarter of its fiscal year 2025, Siebel sold 12.78 million shares, the software firm said.

The company noted that as of Oct. 31, Siebel and its related entities beneficially owned approximately 87.8% of its Class B common stock and approximately 21.6% of its outstanding Class A common stock.

This resulted in “beneficial ownership of capital stock representing approximately 53.9% of the voting power over the Company’s stock”. The expiry date of the shares for sale is December 17, 2026.

Siebel news offset a strong second quarter performance. C3.ai posted a loss of $0.06 per share, below the $0.14 loss per share analysts surveyed by Visible Alpha. Revenue rose 29% to $94.3 million, beating forecasts.

The company is known as Microsoft (MSFT) signed on in September, making C3.ai the preferred AI application provider on Microsoft’s Azure cloud computing platform. It will also build a Microsoft-scale go-to-market engine.

Siebel said it was “difficult to raise the possibility of a Microsoft-C3.AI strategic alliance.” He called it “an inflection point, driving growth for enterprise AI.”

C3.ai raised its full-year revenue estimate to $378 million to $398 million from its previous outlook of $370 million to $395 million. However, it expects a non-GAAP loss from operations of $105 to $135, compared to an earlier forecast of $95 to $125.

Shares of C3.ai are up nearly 45% this year.