CONSTELLATION SOFTWARE INC 4/A

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.