Form 4: CoStar Group Executive Sells 3,800 Shares
SEC Form 4 Filing
Michael J. Desmarais, Chief Human Resources Officer of CoStar Group, Inc., sold 3,800 shares of common stock at an average price of $92.67 on April 26, 2024.
Summary
- On April 26, 2024, Michael J. Desmarais, the Chief Human Resources Officer of CoStar Group, Inc., sold 3,800 shares of the company's common stock.
- The sale was executed at an average price of $92.67 per share.
- Following the transaction, Desmarais directly owns 64,087 shares of CoStar Group, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock sale by a company executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons behind the sale.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of the stock sale transaction. |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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