{"schema_version":"secwatch.filing_event.v1","accession":"0001577526-26-000013","form_type":"8-K","ticker":"AI","cik":"0001577526","company_name":"C3.ai, Inc.","filed_at":"2026-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.513877+00:00","generated_at":"2026-05-16T00:18:07.301024+00:00","sec_items":["2.02","9.01","2.05"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"C3.ai Q3 revenue $53.3M, GAAP EPS -$0.94; restructures with 26% workforce cut targeting $135M savings","bullets":["Revenue $53.3M; subscription revenue $48.2M (90% of total); GAAP net loss per share $(0.94), non-GAAP $(0.40).","Federal, defense & aerospace bookings up 134% YoY, representing 55% of total bookings; 44 agreements closed.","Approved restructuring plan: 26% global workforce reduction, ~$10M-$12M pre-tax charges in Q4 FY2026.","Expected annual cost savings of ~$135M in non-GAAP operating expenses; non-employee costs to be cut ~30%.","Cash, cash equivalents, and marketable securities $621.9M as of Jan 31, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001577526-26-000013","json":"https://secwatch.observer/filing/0001577526-26-000013.json","markdown":"https://secwatch.observer/filing/0001577526-26-000013.md","text":"https://secwatch.observer/filing/0001577526-26-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/ai-20260224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:18:07.301024+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88bb68fc2a2836e4ad19476ff8688a0db00a02bc","claim":"C3.ai, Inc. announced a restructuring with charges of approximately $10.0 million to $12.0 million affecting global workforce (26% reduction in its global workforce).","evidence_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001193125-26-210294","ticker":"VITL","company_name":"Vital Farms, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Vital Farms Q1 net loss $1.5M, gross margin falls to 28.3%; winds down butter, cuts FY guidance","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-210294","json":"https://secwatch.observer/filing/0001193125-26-210294.json","markdown":"https://secwatch.observer/filing/0001193125-26-210294.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/vitl-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"On May 1, 2026, management of the Company elected to wind down and discontinue its butter product offerings to focus on its core egg product categories, with such discontinuation expected to be substantially completed by the end of fiscal 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm"}},{"accession":"0001477333-26-000035","ticker":"NET","company_name":"Cloudflare, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Cloudflare Q1 revenue $639.8M (+34% YoY), non-GAAP EPS $0.25; to cut ~20% of workforce","event_type":"earnings","sec_items":["2.05","2.02","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001477333-26-000035","json":"https://secwatch.observer/filing/0001477333-26-000035.json","markdown":"https://secwatch.observer/filing/0001477333-26-000035.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/cloud-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm"}},{"accession":"0001628280-26-032064","ticker":"BILL","company_name":"BILL Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"BILL reports Q3 FY26 revenue $406.6M (+13% YoY), plans 30% workforce cut, authorizes $1B buyback","event_type":"earnings","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-032064","json":"https://secwatch.observer/filing/0001628280-26-032064.json","markdown":"https://secwatch.observer/filing/0001628280-26-032064.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/bill-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"On May 7, 2026, the Company additionally announced that it will reduce its workforce by up to 30% (the “Restructuring”). The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability. The Company currently estimates that it will incur charges of approximately $30 million to $60 million in connection with the Restructuring, consisting primarily of cash expenditures for severance payments, employee benefits, and related costs as well as non-cash charges related to stock-based compensation expense.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm"}},{"accession":"0001628280-26-029103","ticker":"CBOE","company_name":"Cboe Global Markets, Inc.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Cboe Q1 record EPS $3.66 (+54%); raises revenue guidance, announces restructuring with 20% workforce cut","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-029103","json":"https://secwatch.observer/filing/0001628280-26-029103.json","markdown":"https://secwatch.observer/filing/0001628280-26-029103.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1374310/000162828026029103/0001628280-26-029103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1374310/000162828026029103/cboe-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"In connection with these additional actions related to the Company’s strategic realignment, the Company expects to incur pre-tax restructuring charges of approximately $36 million to $46 million, primarily for severance payments and related costs. The majority of these costs are expected to be incurred beginning in the second quarter of 2026 through the fourth quarter of 2026. The Company anticipates annualized pre-tax cost savings related to these additional actions related to the Company’s strategic realignment of approximately $40 million to $50 million and anticipates realizing $20 million to $25 million of savings in 2026. The actions associated with the elimination of positions are subject to local law and consultation requirements in certain countries, which may extend this process beyond the end of 2026. When these additional strategic realignment actions are combined with the Company’s earlier actions to sell, wind down, and optimize certain businesses, the Company expects to","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1374310/000162828026029103/0001628280-26-029103-index.htm"}},{"accession":"0001823878-26-000018","ticker":"MYPS","company_name":"PLAYSTUDIOS, Inc.","filed_at":"2026-03-16T23:59:59+00:00","headline":"PLAYSTUDIOS Q4 revenue $55.4M (-18% YoY), net loss $13.7M; restructuring cuts 27% of workforce","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001823878-26-000018","json":"https://secwatch.observer/filing/0001823878-26-000018.json","markdown":"https://secwatch.observer/filing/0001823878-26-000018.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823878/000182387826000018/0001823878-26-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823878/000182387826000018/myps-20260310.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"On March 10, 2026, the Company initiated an internal reorganization plan (the “Plan”) which is intended to enhance efficiency and reduce operating expenses. The Plan includes a reduction of the Company’s current total global workforce by approximately 27 percent. The Company expects to substantially complete the personnel reduction by the end of the second quarter of fiscal year 2026, but the timing of certain reductions will vary based on job function and location, including local legal requirements. The Company currently estimates that it will incur approximately $4.5 million to $7 million in charges in connection with the Plan, which will be substantially incurred in the first quarter of fiscal year 2026. These charges primarily relate to employee transition, severance payments, employee benefits, stock-based compensation, and lease termination and other facility-related costs.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1823878/000182387826000018/0001823878-26-000018-index.htm"}},{"accession":"0001792044-26-000010","ticker":"VTRS","company_name":"Viatris Inc","filed_at":"2026-02-26T23:59:59+00:00","headline":"Viatris Q4 2025 revenue $3.7B, FY $14.3B; announces restructuring with $700-850M charges","event_type":"earnings","sec_items":["2.02","2.05","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001792044-26-000010","json":"https://secwatch.observer/filing/0001792044-26-000010.json","markdown":"https://secwatch.observer/filing/0001792044-26-000010.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/0001792044-26-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/vtrs-20260223.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"For the committed restructuring activities, the Company expects to incur total pre-tax charges ranging between $700 million and $850 million.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/0001792044-26-000010-index.htm"}},{"accession":"0001628280-26-011118","ticker":"LCID","company_name":"Lucid Group, Inc.","filed_at":"2026-02-24T23:59:59+00:00","headline":"Lucid Q4 revenue $522.7M, up 123% YoY; cuts 12% of US workforce, guides 2026 production 25-27k","event_type":"earnings","sec_items":["2.02","2.05","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-011118","json":"https://secwatch.observer/filing/0001628280-26-011118.json","markdown":"https://secwatch.observer/filing/0001628280-26-011118.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/lcid-20260220.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"On February 20, 2026, in order to optimize the Company’s operating expenses as it focuses on the start of production of the Midsize platform, expansion into the robotaxi market and development of ADAS technologies, as well as the sale and distribution of its current models in existing and new geographies, the Company announced a reduction of the Company’s current U.S. workforce by approximately 12 percent, excluding hourly production workers in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm"}},{"accession":"0001193125-26-048738","ticker":"RARE","company_name":"Ultragenyx Pharmaceutical Inc.","filed_at":"2026-02-12T23:59:59+00:00","headline":"Ultragenyx Q4 rev $207M (+25%), net loss $129M; restructures 10% headcount; UX111 gets IRL","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-048738","json":"https://secwatch.observer/filing/0001193125-26-048738.json","markdown":"https://secwatch.observer/filing/0001193125-26-048738.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1515673/000119312526048738/0001193125-26-048738-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1515673/000119312526048738/rare-20260212.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/0001577526-26-000013-index.htm","comparable_excerpt":"the Company is implementing a 10% workforce reduction of approximately 130 employees across the Company (the “RIF”). The Company began notifying affected employees on February 12, 2026, and expects this RIF to be substantially completed in the first half of 2026. The Company estimates that it will incur approximately $50 million in total restructuring and restructuring-related charges","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1515673/000119312526048738/0001193125-26-048738-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}