[144] Cogent Communications Holdings, Inc. SEC Filing
Cogent Communications Holdings, Inc. (CCOI) reported a Form 144 notice for a proposed sale of 2,000 shares of its common stock through RBC Dominion Securities on the NASDAQ with an approximate sale date of 08/21/2025. The filing lists an aggregate market value of $74,000 and total shares outstanding of 49,182,700, meaning the proposed sale represents about 0.0041% of outstanding shares. The securities were acquired as director compensation in two grants: 1,104 shares on 04/01/2024 and 896 shares on 01/01/2024. The filer reports no securities sold in the past three months and makes the standard representation that they are not aware of undisclosed material adverse information.
- Filed Form 144 disclosing proposed sale, providing transparency under Rule 144
- No securities sold in the past three months, suggesting this is a routine disposition
- None.
Insights
TL;DR Proposed sale is immaterial relative to total shares outstanding and follows director compensation grants.
The Form 144 shows a planned disposal of 2,000 common shares valued at $74,000, executed through RBC Dominion Securities and scheduled for 08/21/2025. Given the issuer's reported 49,182,700 shares outstanding, the trade equals approximately 0.0041% of the float, which is negligible from a market-impact perspective. The shares were acquired as director compensation in two separate grants during 2024, and the filer reports no sales in the prior three months, indicating this is a routine disposition rather than an accelerated divestiture.
TL;DR Disclosure aligns with Rule 144 mechanics; transaction appears procedural following compensation grants.
The notice discloses the broker, planned sale date, and acquisition details required under Rule 144. Both lots originated as director compensation earlier in 2024, which is consistent with issuances to insiders rather than open-market purchases. The representation that no undisclosed material adverse information is known is standard. There are no indications in the filing of concentrated insider selling or other governance red flags based solely on the information provided.