Smits Roeland Jozef Bernard 4

What Happened
Smits Roeland Jozef Bernard (Roeland Smits), Chief Financial Officer of Public Policy Holding Company, Inc. (PPHC), reported a sale of 8,657 shares on January 27, 2026. The shares were disposed at $12.25 each, for total proceeds of approximately $106,048. This transaction is a sale (code "S") and, as a disposition, is typically considered routine insider selling rather than a purchase-based bullish signal.

Key Details

• Transaction date: 2026-01-27; Report filed: 2026-01-29 (filed two days after the trade, consistent with the typical 2-business-day Form 4 filing requirement).
• Price per share: $12.25; Shares sold: 8,657; Gross proceeds: ~$106,048.
• Transaction type/code: S — "Open market or private sale" (the filing lists open market/private sale).
• Shares owned after transaction: Not specified in the summary data provided; see the full Form 4 for post-transaction holdings.
• No 10b5-1 plan, tax withholding, or other footnotes were indicated in the provided summary information.

Context: Insider sales can be for many reasons (diversification, personal liquidity, planned selling). Sales do not by themselves indicate company performance or management outlook. For full details and exact holdings after the sale, consult the filed Form 4 (Accession 0001628280-26-004032).