SIMURO FRANK 4
Research Summary
AI-generated summary
CoStar CTO Frank Simuro Sells 4,151 Shares for Tax Withholding
What Happened
Frank Simuro, Chief Technology Officer of CoStar Group (CSGP), disposed of 4,151 shares on Feb 15, 2026 to satisfy a tax liability (transaction code F). The filing reports a per-share price of $44.99, corresponding to roughly $186,753 in value. This was a tax-withholding disposition (shares used to cover taxes), not an open-market buy.
Key Details
- Transaction date: 2026-02-15; Filing date: 2026-02-18. Form 4 was filed shortly after the transaction.
- Price: $44.99 per share (footnote F1 notes Nasdaq closing price on Feb 13, 2026 was $44.99).
- Shares disposed: 4,151; approximate value: $186,753.
- Transaction type: F — Payment of exercise price or tax liability (shares surrendered/withheld to cover taxes).
- Shares owned after transaction: Not disclosed in the filing.
- Exhibit: Exhibit 24 (Power of Attorney) attached to the Form 4.
Context
Tax-withholding dispositions are routine following option exercises or RSU vesting and generally reflect tax obligations rather than a directional bet on the stock. The filing does not state whether shares were withheld by the company or sold in the market; either method is common. Purchases by insiders tend to carry more signal value than routine withholding sales.
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