CONSTELLATION SOFTWARE INC 4
4 · Sabre Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Sabre (SABR) 10% Owner Constellation Buys 10.63M Shares
What Happened
- Constellation Software Inc. (reported as a 10% owner) — via open-market purchases on 2026-02-27 — acquired 10,634,702 shares of Sabre Corp (SABR) at a weighted average price of $1.16 per share, for a total reported outlay of $12,341,572. This was a purchase (buy), which is generally viewed as a more informative signal than routine insider sales.
Key Details
- Transaction date: 2026-02-27 (filed on 2026-03-03 — appears timely under the two-business-day Form 4 rule).
- Price: weighted average $1.16; purchases occurred at prices ranging from $1.07 to $1.24 per share (reporters will provide a breakdown on request).
- Total shares acquired: 10,634,702; total value reported: $12,341,572.
- Shares owned after transaction: not specified in the provided excerpt (the filer is identified as a 10% owner).
- Footnotes: filing is joint by Constellation Software Inc., Constellation Canadian Holdings Inc., and Mark Miller; Constellation Software is the parent of Constellation Holdings and may be deemed to beneficially own those shares. The filing disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: Filed 2026-03-03 for a 2026-02-27 transaction — consistent with on-time Form 4 submission (two business days).
Context
- This was an institutional open-market purchase by a reported 10% shareholder rather than a routine executive trade. The purchase was executed across multiple trades (range $1.07–$1.24) and reported as a single aggregated entry with a weighted average price. The filing includes standard joint-filer and beneficial-ownership disclaimers and offers to provide per-trade price details on request.
Insider Transaction Report
Form 4
Sabre CorpSABR
CONSTELLATION SOFTWARE INC
10% Owner
Transactions
- Purchase
Common Stock, $0.01 par value
[F1][F3][F2]2026-02-27$1.16/sh+10,634,702$12,341,572→ 50,157,523 total
Footnotes (3)
- [F1]This Form 4 is filed jointly by Constellation Software Inc ("Constellation Software"), Constellation Canadian Holdings Inc. ("Constellation Holdings"), and Mark Miller (collectively, the "Reporting Persons"). The EDGAR filing codes for Constellation Holdings and Mark Miller were not available at the time of this required filing, and the Reporting Persons intend to amend this Form 3 to include such Reporting Persons in the filing when such codes are available. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Securities owned directly by Constellation Holdings. As the direct parent company of Constellation Holdings, Constellation Software may be deemed to beneficially own the securities owned directly by Constellation Holdings. Mr. Miller, as the President of Constellation Software, may be deemed to beneficially own the securities owned directly by Constellation Holdings.
- [F3]The reported price represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.07 to $1.24 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.