Form 4: Consensus Cloud Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, sold shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 10, 2025, Jeffrey Alan Sullivan, the Chief Technology Officer of Consensus Cloud Solutions, Inc., disposed of 335 shares of common stock to cover a tax liability.
- The shares were sold at a price of $22.51 per share.
- Following the transaction, Sullivan directly owns 70,927 shares of Consensus Cloud Solutions, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a common occurrence and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a common practice of executives selling shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/10/2025 | Date of transaction: Jeffrey Alan Sullivan disposed of shares. |
| 05/13/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Consensus Cloud Solutions, CCSI, Insider Trading, Stock Sale, Jeffrey Alan Sullivan, Chief Technology Officer, Tax Liability, Restricted Stock Units, Beneficial Ownership
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