[Form 4] Cogent Communications Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Cogent Communications Holdings, Inc. (CCOI) filed a Form 4 reporting that director Steven D. Brooks acquired additional company stock on 30 June 2025.

• Shares acquired: 1,968 common shares, classified as an "A" (acquired) transaction.
• Price: $0 per share, indicating an equity grant for Q2 2025 board service rather than an open-market purchase.
• Post-transaction holdings: Brooks now directly owns 46,020 shares, up from 44,052.
• No derivative activity: The filing lists no options, warrants or other derivative securities.

This is a routine, low-monetary-value equity award common to Cogent’s director compensation program. The insider is adding, not selling, which offers a modestly positive governance signal but is unlikely to move valuation given the small size relative to Cogent’s share count.

Positive

• Director increased ownership by 1,968 shares, aligning incentives with shareholders.
• No insider selling reported; the transaction is an acquisition, reducing short-term selling pressure.

Negative

• Award is routine compensation, not an open-market purchase, limiting its bullish signal.
• Share count involved is immaterial relative to Cogent’s total outstanding shares, offering negligible financial impact.

Insights

Securities Analyst

TL;DR: Routine equity grant; minimal financial impact, mildly positive governance tone.

The 1,968-share grant boosts Steven Brooks’ direct stake to 46,020 shares, roughly a 4% increase in his personal holdings and a negligible fraction of Cogent’s total shares outstanding. Because the shares were issued at $0 as part of standard board compensation, they do not represent discretionary insider buying and therefore carry limited signaling power. The absence of any sales or derivative exercises keeps insider selling pressure low. Overall, the transaction is best viewed as neutral to slightly positive from a corporate-governance perspective and is not materially impactful to the company’s financials or float.

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
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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).

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^*

BROOKS STEVEN D

(Last) (First) (Middle)

2450 N ST NW

4TH FLOOR

(Street)

WASHINGTON DC 20037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COGENT COMMUNICATIONS HOLDINGS, INC. [ CCOI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

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

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	06/30/2025		A		1,968(1)	A	$0	46,020	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

Explanation of Responses:

1. The shares of common stock reported reflects a quarterly payment to directors for Q2 2025 service. All shares are owned directly by Mr. Brooks, a director of Cogent Communications Holdings, Inc.

	/s/ Steven Brooks	07/01/2025
	** 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.

FAQ

How many Cogent Communications (CCOI) shares did director Steven D. Brooks receive?

He was granted 1,968 common shares as part of his Q2 2025 director compensation.

When did the reported CCOI insider transaction occur?

The transaction date listed on Form 4 is June 30, 2025.

What is Steven D. Brooks’ total CCOI share ownership after the grant?

Following the transaction, he directly owns 46,020 shares of Cogent Communications.

Did the director pay cash for the new CCOI shares?

No. The shares were issued at a stated price of $0 as an equity compensation grant.

Were any derivative securities involved in this CCOI Form 4 filing?

No derivative securities were reported; only non-derivative common stock was granted.