Gravelle Michael L 4

What Happened
Michael L. Gravelle, Executive Vice President of Cannae Holdings (CNNE), had 1,266 shares disposed on Feb 26, 2026 to satisfy tax withholding related to an option exercise. The shares were reported as disposed at $12.57 per share for a total value of $15,914. This was a tax-withholding/settlement transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-26
• Action and code: Payment of exercise price or tax liability (code F) — 1,266 shares withheld/disposed
• Price per share: $12.57; total value: $15,914
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing date: Form 4 filed 2026-03-02 (no late-filing flag indicated in the data provided)
• Notes: Code F typically means shares were withheld or surrendered to cover tax obligations from an equity award or option exercise

Context
This appears to be a routine tax-withholding event tied to an option exercise (a common administrative transaction). It is not a market sale that would signal a decision to cash out shares; instead, some issued shares were retained or cancelled to cover tax liabilities. Purchases generally carry more weight as a bullish signal; tax withholdings are typically neutral from a sentiment perspective.