Gravelle Michael L 4

What Happened

• Michael L. Gravelle, EVP, General Counsel and Corporate Secretary of Cannae Holdings (CNNE), disposed of 1,681 shares on 2026-03-19 to satisfy a tax or exercise obligation (transaction code F).
• The shares were disposed at $11.08 each for a total value of approximately $18,625. This type of transaction is a withholding/sale to cover taxes and is generally routine rather than a directional buy or sell signal.

Key Details

• Transaction date and price: 2026-03-19 at $11.08 per share (total ~$18,625).
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld/sold to meet tax obligations).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Form filed 2026-03-20 for a 2026-03-19 transaction — appears timely (no late filing flag).
• No additional footnotes (e.g., 10b5-1 plan) provided in the summary.

Context

• Code F transactions commonly occur after option exercises or vesting events when an insider has shares withheld or sold to cover taxes; they are typically administrative and don’t necessarily indicate the insider’s view on the company’s prospects.
• For retail investors, purchases are usually more informative; routine tax-withholding disposals are standard and should be interpreted accordingly.