Green Johnson McCallum 4

What Happened
Green Johnson McCallum, Chief Client Officer of Public Policy Holding Company, Inc. (PPHC), reported open-market sales totaling 3,157 shares. On June 10, 2026 McCallum sold 859 shares at a volume-weighted average price (VWAP) of $10.19 (range $10.12–$10.45) for proceeds reported as $8,753 (Footnote F1). On June 11, 2026 McCallum sold 2,298 shares at a VWAP of $10.35 (range $10.25–$10.45) for proceeds reported as $23,784 (Footnote F2). Combined proceeds from both sales are about $32,537. These transactions were sales (dispositions), which are often routine and do not by themselves indicate management’s view of the company.

Key Details

• Transaction dates and prices: June 10, 2026 — 859 shares at VWAP $10.19 (prices ranged $10.12–$10.45); June 11, 2026 — 2,298 shares at VWAP $10.35 (prices ranged $10.25–$10.45). (Footnotes F1 & F2)
• Total shares sold: 3,157; total reported proceeds ≈ $32,537.
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Notable footnotes: F1 and F2 state the reported prices are volume-weighted averages and provide the price ranges; the filer will provide per-price share counts on request to the SEC or shareholders.
• Timeliness: Form 4 was filed on June 12, 2026 covering trades on June 10–11, 2026, which is within the typical two-business-day filing requirement (i.e., appears timely).
• Transaction code: S = Sale (open-market or private sale).

Context
Sales by insiders can reflect many reasons (diversification, personal liquidity, tax needs, planned sales) and are not definitive indicators of company prospects; purchases generally draw more attention for bullish signals. The total value here (~$32.5k) is relatively modest for insider activity.