Reffkin Robert L. 4

What Happened
Robert L. Reffkin, Compass' Chairman, CEO and a director, reported conversion/settlement of equity awards (RSUs) on 2026-02-04. The filing shows a total of 2,309,186 derivative shares converted (1,154,593 shares reported as "acquired" and two derivative items of 814,627 and 339,966 listed as disposals). To satisfy tax withholding on the vesting, 638,797 shares were withheld at $11.98 per share, generating $7,652,788. Footnotes indicate these were RSUs (each representing a right to one share) that vested according to previously disclosed schedules.

Key Details

• Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (timely).
• Total derivative conversions reported: 2,309,186 shares (sum of 1,154,593; 814,627; 339,966).
• Shares withheld for taxes: 638,797 shares at $11.98 = $7,652,788 (tax-withholding/net settlement, filing code F).
• Filing notes: these were RSU settlements (F1) and shares were withheld to satisfy tax withholding obligations (F2). Vesting schedules are described in footnotes F4 and F5.
• Beneficial ownership context: filing lists several Reffkin-related trusts owning a total of 7,828,116 Class A shares (see F3). The filing does not reflect an open-market sale or purchase.

Context

• This appears to be a routine RSU vesting and net settlement (shares withheld to cover taxes), not an open-market sale or directional purchase signal. For derivative/RSU events, the key takeaway for investors is dilution/insider share movement and the tax-withholding cashless settlement — not a decision to sell shares on market.