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 *
SIEBEL THOMAS M

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

(Street)
REDWOOD CITY CA 94603

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026
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
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 09/30/2026   G   239 A $ 0 45,822 (1) I See Footnote (2)
Class A Common Stock 09/30/2026   G   239 A $ 0 59,326 (1) I See Footnote (3)
Class A Common Stock 09/30/2026   G   239 A $ 0 39,639 (1) I See Footnote (4)
Class A Common Stock 09/30/2026   G   239 A $ 0 2,552 (1) I See Footnote (5)
Class A Common Stock               722,362 D  
Class A Common Stock               7,105,832 (1) I See Footnote (6)
Class A Common Stock               13,066 (1) I See Footnote (7)
Class A Common Stock               37,327 (1) I See Footnote (8)
Class A Common Stock               54,616 (1) I See Footnote (9)
Class A Common Stock               1,237,115 (10) I See Footnote (11)
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
Class B Common Stock (12) 09/30/2026   G   106,793     (12)   (12) Class A Common Stock 106,793 $ 0 106,793 I See Footnote (2)
Class B Common Stock (12) 09/30/2026   G   106,793     (12)   (12) Class A Common Stock 106,793 $ 0 106,793 I See Footnote (3)
Class B Common Stock (12) 09/30/2026   G   106,793     (12)   (12) Class A Common Stock 106,793 $ 0 106,793 I See Footnote (4)
Class B Common Stock (12) 09/30/2026   G   106,793     (12)   (12) Class A Common Stock 106,793 $ 0 106,793 I See Footnote (5)
Class B Common Stock (12)               (12)   (12) Class A Common Stock 2,072,820   2,072,820 I See Footnote (6)
Class B Common Stock (12)               (12)   (12) Class A Common Stock 500,000   500,000 I See Footnote (7)
Explanation of Responses:
1. Includes shares of Class A Common Stock received in pro-rata distributions of all 170,294 and 72,695 shares of Class A Common Stock held by Siebel Asset Management L.P. and Siebel Asset Management III, L.P., respectively, to their partners in transactions that constituted a change in beneficial ownership exempt under Rule 16a-13.
2. The shares are held by RS DE Investments LLC, of which the Reporting Person is the manager.
3. The shares are held by CS DE Investments LLC, of which the Reporting Person is the manager.
4. The shares are held by TS DE Investments LLC, of which the Reporting Person is the manager.
5. The shares are held by HS DE Investments LLC, of which the Reporting Person is the manager.
6. The shares are held by The Siebel Living Trust u/a/d 7/27/93, as amended, of which the Reporting Person is trustee.
7. The shares are held by First Virtual Holdings, LLC, of which the Reporting Person is trustee.
8. The shares are held by HS ET DE Investments LLC, of which the Reporting Person is the manager.
9. The shares are held by Siebel Legacy Investments I LLC, of which the Reporting Person is the manager.
10. Represents shares of Class A Common Stock transferred from The Siebel 2011 Irrevocable Children's Trust in a transaction that constituted a change in beneficial ownership exempt under Rule 16a-13.
11. The shares are held by Siebel Legacy Investments II LLC, of which the Reporting Person is the manager.
12. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock.
/s/ Tom MacMitchell, Attorney-in-Fact 10/02/2026
** 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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