Varon Adam 4

What Happened

• Adam Varon, CFO of Consensus Cloud Solutions, converted/exercised derivative awards on 2026-06-25, resulting in 2,872 shares being issued to him (1,250 shares at $0.00 and 1,622 shares with a $35.03 per-share amount, totaling $56,819).
• To satisfy tax withholding obligations, 1,201 of those shares were withheld/disposed (reported as a payment of tax liability) valued at $42,071. Net after the transactions, Varon received 1,671 additional shares (2,872 issued minus 1,201 withheld).

Key Details

• Transaction date: 2026-06-25; Form 4 filed 2026-06-29 (timely within two business days).
• Acquisitions: 1,250 shares @ $0.00 (conversion/vesting); 1,622 shares @ $35.03 (exercise/conversion) — $56,819 total cash value for the latter.
• Dispositions: 1,201 shares withheld to pay taxes @ $35.03 = $42,071; two derivative disposals at $0 reflect the conversion/settlement of awards.
• Footnotes: F1 = shares withheld to pay tax liability on vesting PSUs. F2/F3 = vesting triggered by achievement of stock-price performance conditions for PSU grants made 12/7/2023 and 12/6/2024 (each PSU = right to one share).
• Shares owned after the transaction: not specified in the supplied filing details.

Context

• These were derivative-related settlements (PSUs/performance awards and conversion/exercise events). The withholding of shares to cover taxes is a common non-market sale and does not necessarily indicate a bearish view.
• For retail investors, purchases or conversions that increase insider ownership (net +1,671 shares here) can be informative; however, vesting/withholding events are often routine compensation-related transactions.