Cimpress (CMPR) CFO Sean Quinn Sells Shares, Exercises Options
$CMPR · CIMPRESS plcResearch Summary
AI-generated summary of this SEC filing
Cimpress (CMPR) CFO Sean Quinn Sells Shares, Exercises Options
What Happened
Sean Quinn, Chief Financial Officer of Cimpress plc (CMPR), exercised 5,009 stock options (exercise cost $46.20/share, ~$231,416) and sold a total of approximately 27,989 Cimpress shares in open-market transactions on May 27–28, 2026. The reported sale proceeds total about $2,925,909 (sales ranged across transactions with weighted-average prices shown below). The exercised shares were sold the same day, effectively a cashless exercise and sale.
Key Details
- Transaction dates: May 27–28, 2026; Form 4 filed May 29, 2026 (timely filing).
- Sales (open market): 300 shares @ $103.55 = $31,065 (F1); 20,534 @ $104.57 = $2,147,240 (F2); 2,146 @ $105.11 = $225,566 (F3); 5,009 @ $104.22 = $522,038 (F4). Total proceeds ≈ $2,925,909.
- Option exercise (M): 5,009 shares exercised @ $46.20 = $231,416 (acquired), then those 5,009 shares were sold the same day. A separate derivative disposition of 5,009 units is reported at $0 (standard reporting of option conversion).
- Footnotes: F1–F4 note weighted-average sale prices with per-share price ranges (details available on request). F5 describes the original option vesting schedule (25% on first vest date, then 6.25% quarterly).
- Shares owned after transaction: not specified in the provided summary—see the filed Form 4 for ending holdings.
- Transaction codes: S = sale, M = option exercise/derivative conversion. Filing status: timely (no late filing flag).
Context
Because the options were exercised and the resulting shares sold the same day, this is effectively a cashless exercise followed by a sale rather than a long-term buy signal. Sales by executives can be routine (tax or diversification) and do not, by themselves, indicate company outlook. For full details (exact per-share prices within the reported ranges and ending holdings), consult the official Form 4 filing (Accession 0001621706-26-000006).