Form 4: CompoSecure CFO Timothy Fitzsimmons Sells $1.1 Million in Class A Common Stock

Timothy Fitzsimmons, CFO of CompoSecure, Inc., executed two sales of Class A Common Stock on August 15th and 16th, 2024, totaling 100,000 shares.

Summary

• On August 15, 2024, Timothy Fitzsimmons, the CFO of CompoSecure, Inc., sold 50,000 shares of Class A Common Stock at a weighted average price of $10.98 per share.
• The prices for these shares ranged from $10.90 to $11.07.
• Following this transaction, Fitzsimmons directly owned 899,623 shares.
• On August 16, 2024, Fitzsimmons sold another 50,000 shares of Class A Common Stock at a weighted average price of $10.79 per share.
• The prices for these shares ranged from $10.75 to $10.85.
• After the second transaction, Fitzsimmons directly owned 849,623 shares.
• The remaining shares include restricted stock units (RSUs) that will vest on January 1, 2025, January 1, 2026 and January 1, 2027.
• The remaining shares include performance-vesting RSUs that will vest over the applicable performance period based on the achievement of the provided performance targets.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While insider selling isn't inherently bad, large sales by a CFO can sometimes raise concerns among investors.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.

Stakeholder Impact

• Shareholders may react to the news of the CFO selling shares, potentially impacting the stock price.

Key Dates