Form 4: CoStar Group Director Christopher J. Nassetta Reports Gift of Shares
SEC Form 4 Filing
Director Christopher J. Nassetta reported a gift of CoStar Group shares, both directly and indirectly through Harwood Road, LLC.
Summary
- On May 7, 2024, Christopher J. Nassetta, a director of CoStar Group, Inc., reported a transaction involving the company's common stock.
- Nassetta gifted 46,000 shares of common stock, reducing his direct holdings to 227,615 shares.
- He also acquired 46,000 shares indirectly through Harwood Road, LLC.
- The price per share for both transactions was $0.
- Following the reported transactions, Nassetta beneficially owns 227,615 shares directly and 46,000 shares indirectly through Harwood Road, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The gift of shares may have a minor impact on shareholders due to the change in ownership structure, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of the transaction (gift of shares) |
| 05/09/2024 | Date of signature on the Form 4 filing |
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