Caswell Ryan R. 4

What Happened
Ryan R. Caswell, CEO of Cannae Holdings (CNNE), disposed of 19,597 shares on 2026-03-13 by surrendering them to cover an exercise price or tax liability. The shares were valued at $11.51 each for a total of $225,561. This transaction is a tax-withholding/share surrender (code F), not an open-market sale driven by a separate decision to sell shares.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-16 (Form 4 accession 0001704720-26-000068). The filing does not indicate a late filing.
• Shares surrendered/disposed: 19,597 at $11.51 each — total $225,561.
• Transaction code: F — payment of exercise price or tax liability by delivering shares (common for net-share settlement or withholding).
• Shares owned after transaction: not specified in the provided filing details.
• This was not reported as an open-market sale (no market sale proceeds beyond the withholding).

Context
Code F transactions typically reflect withholding of shares to satisfy tax obligations from equity awards or option exercises. They are routine administrative actions and do not necessarily indicate the insider's view on the company's prospects. Purchases generally carry more informational weight for investors than tax-withholding dispositions.