Sullivan Jeffrey Alan 4

What Happened
Jeffrey Alan Sullivan, Chief Technology Officer of Consensus Cloud Solutions, had 8,237 performance-based shares (PSUs) convert to common stock on March 13, 2026. Of those shares, 4,026 shares were withheld to cover tax withholding at $30.05 per share (value ~$120,981). The gross value of the vested shares at $30.05 was about $247,522, leaving a net issuance of approximately 4,211 shares to Sullivan.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (filed within the usual 2-business-day window).
• Reported transactions: M = exercise/conversion of derivative (8,237 PSUs converted); F = tax withholding (4,026 shares withheld and "disposed" to cover taxes).
• Withholding price: $30.05 per share; tax-withheld shares value reported as $120,981.
• Net shares received: 8,237 vested − 4,026 withheld = 4,211 net shares issued to Sullivan.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote highlights: this was a vesting/settlement of Performance Share Units (PSUs) tied to stock-price performance (see Context below).

Context

• These were PSUs (performance share units) granted on December 6, 2024. The filing notes this was the second of four performance-price conditions met: the company’s stock closed at or above $27.61 for at least 20 trading days within a 30-day window, and the award reached its first anniversary. Each PSU converts into one share when vested.
• The withholding of shares to satisfy tax obligations is a routine, non-open-market settlement (a net or "cashless" settlement for tax purposes) and should not be read as an opportunistic sale by the insider.
• This filing reflects executive compensation activity rather than a discretionary buy or sell; it does not indicate broader insider trading intent.