Form 4: Consensus Cloud Solutions CTO Disposes of Shares for Tax Obligations

Consensus Cloud Solutions' Chief Technology Officer, Jeffrey Alan Sullivan, reported a routine disposition of 429 shares of common stock to cover tax liabilities related to the vesting of Restricted Stock Units.

Summary

• Jeffrey Alan Sullivan, Chief Technology Officer (CTO) of Consensus Cloud Solutions, Inc. (CCSI), reported a transaction on June 15, 2025.
• The transaction involved the disposition of 429 shares of CCSI common stock at a price of $21.65 per share.
• This disposition was specifically for the payment of tax liability incident to the vesting of certain Restricted Stock Units (RSUs).
• Following this reported transaction, Mr. Sullivan beneficially owns 70,233 shares of CCSI common stock.
• The reported beneficial ownership includes 629 shares acquired under the Employee Stock Purchase Plan (ESPP) on May 15, 2025.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax obligations arising from RSU vesting, which is a common and expected event for executive compensation and does not reflect a discretionary sale or a change in company fundamentals.

Positives

• The transaction represents a routine event related to executive compensation, specifically the vesting of Restricted Stock Units (RSUs), indicating the executive's continued compensation and employment.
• The Chief Technology Officer retains a significant beneficial ownership of 70,233 shares in the company, demonstrating ongoing alignment with shareholder interests.
• The beneficial ownership includes 629 shares acquired through an Employee Stock Purchase Plan (ESPP) on May 15, 2025, suggesting continued employee investment and confidence in the company.

Negatives

• The disposition of 429 shares, even for tax purposes, results in a minor reduction in the direct shareholding of the Chief Technology Officer.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related sale and does not signal a change in management's confidence. The CTO maintains a substantial stake in the company.
• Employees: The inclusion of shares acquired through an Employee Stock Purchase Plan (ESPP) indicates continued employee participation in the company's equity.

Key Dates

Recommendation

Keywords

SEC Form 4, Consensus Cloud Solutions, CCSI, Jeffrey Alan Sullivan, Chief Technology Officer, Insider Transaction, Beneficial Ownership, RSU Vesting, Tax Withholding, Stock Disposition, ESPP