CONSTELLATION SOFTWARE INC 4/A
4/A · Sabre Corp · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Sabre (SABR) 10% Owner Constellation Software Buys 10.6M Shares
What Happened
- Constellation Software Inc., reported as a 10% owner of Sabre Corp (SABR), bought 10,634,702 shares on February 27, 2026. The reported weighted-average price was $1.16 per share for a total of about $12,341,572. The filing classifies the transactions under code P (purchase), indicating acquisition rather than a sale.
Key Details
- Transaction date: 2026-02-27 (Filed as an amended Form 4 on 2026-03-30).
- Price: weighted average $1.16; purchases occurred at prices ranging from $1.07 to $1.24 per share (per footnote).
- Total value: approximately $12,341,572.
- Shares owned after transaction: not specified in the excerpt provided.
- Notable footnotes:
- F1: This Form 4 is filed jointly by Constellation Software, Constellation Canadian Holdings Inc., and Mark Miller; reporting persons disclaim ownership except to the extent of pecuniary interest.
- F2: Securities are owned directly by Constellation Canadian Holdings; Constellation Software (parent) and Mark Miller (president) may be deemed to beneficially own those shares.
- F3: The reported price is a weighted average; the reporting persons can provide a breakdown of share counts by each price in the $1.07–$1.24 range upon request.
- Timeliness: The transaction occurred 2026-02-27 and the Form 4 was filed on 2026-03-30; this is a late/amended filing relative to the typical two-business-day Form 4 deadline.
Context
- This was an institutional purchase by a 10% owner, not an executive selling or exercising options. Institutional buys can be informative but do not reveal individual executive intent.
- The filing was amended to add Constellation Canadian Holdings and Mark Miller as reporting persons, and includes standard disclaimers about beneficial ownership. No options, gifts, or tax-withholding transactions were reported in this filing.
Insider Transaction Report
Form 4/AAmended
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.