Kerzner Daniel 4

What Happened

• Daniel Kerzner, President, Platforms Business at Alarm.com (ALRM), reported a sale of 1,915 shares on 2026-05-18. The total proceeds were approximately $83,417 based on a weighted average price of $43.56. This transaction is coded as a sale (S) and was conducted to satisfy tax withholding on vested restricted stock units, not as a discretionary market-timing trade.

Key Details

• Transaction date: 2026-05-18
• Shares sold: 1,915; weighted average price: $43.56; total proceeds ≈ $83,417
• Price range for the multiple trades: $42.92 – $43.80 (per footnote); reporting person can provide per-lot breakdown on request
• Footnote: Sale was a mandatory "sell-to-cover" to cover RSU tax withholding (not a voluntary sale)
• Shares owned after transaction: not disclosed on this Form 4
• Filing: Form 4 filed 2026-05-20 (timely)

Context

• Sell-to-cover transactions are common when RSUs vest and are generally routine administrative sales to cover tax obligations; they do not necessarily indicate insider sentiment about the company. This was not an options exercise or gift—just a broker-facilitated sale to satisfy withholding.