Kerzner Daniel 4

What Happened

• Daniel Kerzner, President, Platforms Business at Alarm.com (ALRM), sold 3,944 shares on 2026-05-26. The weighted average sale price was $43.78, for aggregate proceeds of about $172,668. The filing indicates this was a mandatory "sell-to-cover" to satisfy tax withholding on vested restricted stock units (not a discretionary sale).

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (appears timely).
• Shares sold: 3,944; weighted average price reported: $43.78; total proceeds ≈ $172,668.
• Price range: shares were sold in multiple executions at $43.57–$44.00 (per footnote).
• Footnote (F1): Sale mandated by issuer to cover tax withholding on vested RSUs — not an intentional market-timing sale by the insider.
• Footnote (F2): Weighted average price; issuer/insider can provide breakdown of prices on request.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• "Sell-to-cover" transactions are common when restricted stock units vest: the company/designated broker sells a portion of shares to pay required taxes. Such sales generally reflect tax mechanics rather than a view on the company’s outlook. Purchases tend to carry more interpretive weight for bullish insider sentiment; this filing documents a routine, non-discretionary tax-related sale.