Williams Zachary Wayne 4

What Happened
Zachary Wayne Williams, a director of Public Policy Holding Company, Inc. (PPHC), reported the sale of 39,032 shares on January 27, 2026. The shares were disposed at $12.25 each for a total transaction value of approximately $478,142. The filing lists the transaction as a sale (code S) and is reported as an open-market or private sale.

Key Details

• Transaction date: 2026-01-27
• Price per share: $12.25; Shares sold: 39,032; Gross proceeds: ~$478,142
• Transaction code: S (sale) — reported as open-market or private sale
• Filing date (Form 4): 2026-01-29 (filed within the typical 2-business-day window) — not marked late
• Shares owned after transaction: Not disclosed in the provided filing
• Footnotes/plan info: None provided in the supplied data (no 10b5-1 plan, tax withholding, or similar noted)

Context
Sales by insiders can be routine (e.g., portfolio rebalancing, tax obligations) and do not by themselves prove a change in the insider’s view of the company. Purchases tend to be more informative about insider confidence; this report documents a straightforward sale with no additional derivative activity or special conditions disclosed.