Form 4: CoStar Group Executive Frank Simuro Sells Shares to Cover Tax Obligations
SEC Form 4
Frank Simuro, Chief Technology Officer of CoStar Group, sold 5,700 shares of common stock on March 15, 2025, to satisfy tax obligations.
Summary
- On March 15, 2025, Frank Simuro, the Chief Technology Officer of CoStar Group, Inc. sold 5,700 shares of the company's common stock.
- The sale was executed at a price of $78.73 per share.
- Following the transaction, Simuro directly owns 483,599 shares of CoStar Group, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of the stock transaction (sale of shares). |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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