Krulich Karel 4

What Happened

• Karel Krulich, Chief Accounting Officer of Consensus Cloud Solutions (CCSI), had performance stock units (PSUs) convert/vest on June 25, 2026. The conversion resulted in 2,522 shares (900 + 1,622). Of those, 1,622 shares were subject to an exercise price of $35.03 (total cash paid $56,819). To cover taxes, 941 shares were withheld/used to satisfy tax withholding obligations, representing approximately $32,963. This was a compensation-related vesting/conversion event rather than an open-market sale.

Key Details

• Transaction date: June 25, 2026 (filed on Form 4 on June 29, 2026 — timely).
• Acquisitions: 900 shares at $0.00 and 1,622 shares at $35.03 (total cash paid for exercised portion = $56,819).
• Dispositions (tax withholding): 941 shares at $35.03 withheld/paid for taxes (~$32,963).
• Footnotes: F1 = tax withholding by surrendering shares; F2 & F3 = vesting triggered by achievement of specified stock-price performance conditions for two separate PSU grants (Dec 7, 2023 and Dec 6, 2024). Each PSU converts into one share upon vesting.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• These entries reflect the conversion/vesting of PSUs (derivative awards) and a withholding of shares to satisfy tax obligations — a common, non-market-sale corporate compensation event. One portion required payment of an exercise price (1,622 shares), while another portion vested with no cash exercise price (900 shares). This type of transaction is routine executive compensation activity and does not necessarily indicate a personal buy or sell decision in the open market.