Form 4: Consensus Cloud Solutions CTO Disposes of Shares for Tax Obligations
Insider Transaction Report
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, Inc. (CCSI), disposed of 894 shares of common stock to cover tax liabilities related to the vesting of Restricted Stock Units.
Summary
- Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc. (CCSI), reported a transaction involving the company's common stock.
- On June 7, 2025, Mr. Sullivan disposed of 894 shares of common stock.
- The disposition was made at a price of $27.76 per share.
- This transaction was identified with code 'F', indicating payment for a tax liability by withholding securities incident to the vesting of Restricted Stock Units.
- Following this transaction, Mr. Sullivan beneficially owns 70,033 shares of common stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposition of shares to cover tax liabilities associated with RSU vesting, which is a common and expected event for executives.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is an insider transaction report, common for publicly traded companies, and does not provide broader industry context or trends. It reflects a routine event related to executive compensation and tax obligations.
Stakeholder Impact
- Shareholders: The transaction represents a minor reduction in insider ownership, but it is a routine event for tax purposes and not indicative of a change in management's confidence or strategy.
Key Dates
| Date | Description |
|---|---|
| 06/07/2025 | Date of transaction where shares were disposed of. |
| 06/10/2025 | Date the Form 4 was filed with the SEC. |
Recommendation
holdKeywords
Consensus Cloud Solutions, CCSI, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Liability, Chief Technology Officer, Jeffrey Alan Sullivan
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