CBIZ, Inc. (NYSE: CBZ) director exercises 50,000 options, shares withheld in net exercise

Rhea-AI Filing Summary

CBIZ, Inc. director Sherman A. Haag exercised stock options covering 50,000 shares of Common Stock at an exercise price of $24.62 per share on 2026-08-04. He acquired 50,000 Common shares and had 22,354 shares withheld at $55.07 per share to satisfy the exercise price through a net exercise under a Rule 10b5-1 plan, leaving 0 option shares from this grant outstanding.

Insider Trade Summary 10b5-1

Net Buyer: 27,646 shares

Net Buy 3 txns

Insider SHERMAN A HAAG

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	50,000	$0.00	$0.00
Exercise	Common Stock	50,000	$24.62	$1.23M
Exercise Price Payment	Common Stock F1	22,354	$55.07	$1.23M

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 47,771 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy the exercise price upon net exercise of stock options effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.

Key Figures

Options exercised: 50,000.0000 shares Option exercise price: 24.6200 per share Shares acquired via exercise: 50,000.0000 shares +4 more

7 metrics

Options exercised 50,000.0000 shares Stock options for Common Stock exercised on 2026-08-04

Option exercise price 24.6200 per share Exercise price of the Stock Option grant converted into Common Stock

Shares acquired via exercise 50,000.0000 shares Common Stock received upon option exercise on 2026-08-04

Shares withheld in net exercise 22,354.0000 shares Common shares withheld to satisfy the exercise price in a net exercise

Withholding price per share 55.0700 per share Value used for shares withheld to satisfy the exercise price

Option exercise start date 2020-08-06 Exercise date of the Stock Option grant

Option expiration date 2026-08-06 Expiration date of the Stock Option grant exercised

Key Terms

Rule 10b5-1 plan, net exercise, Stock Option, exercise price

4 terms

Rule 10b5-1 plan regulatory

"net exercise of stock options effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

net exercise financial

"Represents shares withheld to satisfy the exercise price upon net exercise of stock options"

A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.

Stock Option financial

"security title is Stock Option with underlying Common Stock of 50,000.0000 shares"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"Represents shares withheld to satisfy the exercise price upon net exercise of stock options"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 04:50 PM Accepted by SEC EDGAR 08/05/2026 - 04:50 PM Learn about SEC filing dates

FAQ

What did CBIZ (CBZ) director Sherman A. Haag report in this Form 4?

Sherman A. Haag reported exercising stock options for 50,000 shares of CBIZ Common Stock and a related share withholding. The options were exercised at $24.62 per share, with 22,354 shares withheld at $55.07 to satisfy the exercise price under a Rule 10b5-1 plan.

How many CBIZ (CBZ) options did Sherman A. Haag exercise and at what price?

He exercised stock options covering 50,000 shares of CBIZ Common Stock at an exercise price of $24.62 per share. These options, originally exercisable from 2020-08-06 and expiring on 2026-08-06, now show a remaining balance of 0 option shares for this grant.

What does the 22,354-share F-code transaction mean in CBIZ (CBZ)’s Form 4?

The F-code transaction reflects 22,354 shares of CBIZ Common Stock withheld at $55.07 per share. According to the footnote, these shares were withheld to satisfy the exercise price in a net option exercise, rather than an open-market sale.

Were the CBIZ (CBZ) transactions by Sherman A. Haag under a Rule 10b5-1 plan?

Yes. The Form 4 indicates the Rule 10b5-1 checkbox is affirmed, and a footnote states the net option exercise and related share withholding were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.

What happened to Sherman A. Haag’s option position in CBIZ (CBZ) after this exercise?

Following the transaction, the reported stock option grant shows 0.0000 shares remaining. Haag exercised 50,000 underlying shares of Common Stock, converting the entire reported option position tied to this specific grant.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHERMAN A HAAG

(Last) (First) (Middle)

600 TRAVIS STREET, 59TH FLOOR

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CBIZ, Inc. [ CBZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2026		M		50,000	A	$24.62	70,125	D
Common Stock	08/04/2026		F(1)		22,354	D	$55.07	47,771	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$24.62	08/04/2026		M			50,000	08/06/2020	08/06/2026	Common Stock	50,000	$0	0	D

Explanation of Responses:

1. Represents shares withheld to satisfy the exercise price upon net exercise of stock options effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.

	/s/ Jaileah X. Huddleston, Attorney-in-Fact for A. Haag Sherman	08/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)