Form 4: Costar Group Executive Michael Desmarais Reports Stock Transactions
SEC Form 4 Filing
Michael Desmarais, Chief Human Resources Officer of Costar Group, reports acquisition and disposal of company stock.
Summary
- Michael Desmarais, Chief Human Resources Officer of Costar Group, filed a Form 4 detailing changes in beneficial ownership.
- On February 27, 2025, Desmarais acquired 18,828 shares of Common Stock at $0.
- On March 1, 2025, Desmarais disposed of 3,893 shares of Common Stock at $76.25.
- Following these transactions, Desmarais directly owns 73,733 shares of Costar Group.
- The filing was signed by Gene Boxer, Attorney-in-Fact, on March 3, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions by an officer.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may influence investor sentiment regarding the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Acquisition of 18,828 shares of Common Stock |
| 03/01/2025 | Disposal of 3,893 shares of Common Stock |
| 03/03/2025 | Date of signature by Attorney-in-Fact |
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