Form 4: Consensus Cloud Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, sold 108 shares of common stock on March 6, 2025, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On March 6, 2025, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, sold 108 shares of the company's common stock.
- The sale was executed to cover a tax liability resulting from the vesting of restricted stock units.
- The shares were sold at a price of $23.63 per share.
- Following the transaction, Sullivan directly owns 71,284 shares of Consensus Cloud Solutions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing, common for corporate executives who sell shares to cover tax obligations arising from equity compensation.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock sale transaction. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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