Form 4: CCSI CTO Sells Shares for Tax Obligation
Insider Transaction Report
Consensus Cloud Solutions CTO Jeffrey Alan Sullivan disposed of 610 shares of common stock to cover tax liabilities related to restricted stock unit vesting.
Summary
- Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, Inc. (CCSI), reported a transaction on December 15, 2025.
- The transaction involved the disposition of 610 shares of CCSI Common Stock.
- The shares were disposed of at a price of $23.65 per share.
- This disposition was for the payment of a tax liability, specifically for withholding securities incident to the vesting of Restricted Stock Units (RSUs).
- Following this transaction, Mr. Sullivan beneficially owns 73,758 shares of CCSI Common Stock.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related disposition following RSU vesting, which is a neutral event in terms of company performance or strategic direction. It reflects earned compensation for the executive.
Positives
- The transaction indicates the vesting of Restricted Stock Units (RSUs), which is a positive event for the executive, reflecting earned compensation.
Negatives
- A reduction in direct share ownership by a key executive, although for tax purposes, slightly decreases their direct stake.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This is an individual insider transaction, which is a common practice for executives in publicly traded companies when Restricted Stock Units (RSUs) vest and shares are withheld to cover tax obligations. It does not directly reflect broader industry trends.
Stakeholder Impact
- Shareholders: Minimal impact. A very small reduction in insider ownership, but for a routine tax purpose.
- Employees: No direct impact.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 12/15/2025 | Date of earliest transaction, involving the disposition of common stock for tax liability. |
| 12/17/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Consensus Cloud Solutions, CCSI, Jeffrey Alan Sullivan, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU Vesting, Chief Technology Officer, Tax Withholding
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