CONSTELLATION SOFTWARE INC 4

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.