Form 3: CCOI insider Mark Harris discloses 4,500 shares with staged vesting
Rhea-AI Filing Summary
This Form 3 shows that Mark Andrew Harris, serving as VP & Chief Revenue Officer and a director, directly owns 4,500 shares of Cogent Communications Holdings, Inc. (CCOI). The holdings include 500 restricted shares vesting in two equal installments on May 1, 2026 and November 1, 2026, and 3,500 restricted shares vesting in seven equal installments on each May 1 and November 1 through November 1, 2028. The form is an initial Section 16 filing reporting beneficial ownership.
Positive
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Negative
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Insights
TL;DR: Routine initial insider disclosure; shows modest direct ownership with multi-year vesting schedule.
The filing is a standard Form 3 reporting an officer/director's initial beneficial ownership of 4,500 common shares. The position and restricted-share vesting timeline are explicitly stated, which informs timing of potential insider-supplied shares to the market but does not reflect immediate material ownership relative to the company. No options, derivatives, or indirect holdings are reported.
TL;DR: Governance disclosure is complete for initial report; vesting schedule provides transparency on insider alignment.
The document fulfills Section 16 requirements by identifying the reporting person, role (VP & Chief Revenue Officer; director), and exact share counts with vesting details. The staged vesting through 2028 indicates retained alignment incentives but does not signal any immediate governance change or control shift. No amendments or joint filers are indicated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | common stock | -- | -- | -- |
Footnotes (1)
- F1. Includes 500 shares of restricted stock which vests in two equal installments on May 1, 2026 and November 1, 2026 and also includes 3,500 shares of restricted stock which vests in seven equal installments on each of May 1 and November 1, through November 1, 2028.
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