Krulich Karel 4

What Happened
Karel Krulich, Chief Accounting Officer of Consensus Cloud Solutions (CCSI), had performance-based equity convert into common stock and had a portion of those shares withheld to cover tax liabilities. On June 16–17, 2026 Krulich converted/received 2,522 shares (900 on 6/16 and 1,622 on 6/17) at $0.00 per share (PSU/derivative vesting). To satisfy tax withholding, 336 shares were withheld on 6/16 at $34.72 ($11,666) and 605 shares on 6/17 at $34.19 ($20,685), for total tax withholding of $32,351. Net, Krulich’s beneficial holdings increased by 1,581 shares (2,522 received minus 941 withheld).

Key Details

• Transaction dates and prices:
  • 6/16/2026: 900 shares converted/vested (M, $0.00); 336 shares withheld for taxes (F) at $34.72 = $11,666.
  • 6/17/2026: 1,622 shares converted/vested (M, $0.00); 605 shares withheld for taxes (F) at $34.19 = $20,685.
• Net change: +1,581 shares to Krulich’s holdings from these events.
• Footnotes:
  • F1: Withholding was done to pay tax liabilities incident to vesting of Performance Stock Units (PSUs).
  • F3/F4: The vested shares reflect achievement of stock-price performance conditions for PSU grants (Dec 7, 2023 and Dec 6, 2024 grants) — stock closed above the specified thresholds for the required periods.
  • F2: Filing references 657 shares from an ESPP purchase on May 15, 2026 (context for holdings, not part of these transactions).
• Timeliness: Form 4 filed 2026-06-18 covering transactions on 6/16–6/17 — filed within the standard two-business-day window.

Context

• These were not open-market purchases or discretionary sales; they were vesting/conversion of performance share units (derivative-to-stock conversion) with shares withheld to satisfy tax obligations (routine, internal withholding rather than a market sale). PSUs are contingent rights that became vested after meeting specified stock-price performance conditions. Routine tax-withholding disposals do not necessarily signal insider sentiment about the company.