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CFO at Consensus Cloud (NASDAQ: CCSI) nets shares after PSU vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Consensus Cloud Solutions Chief Financial Officer Adam Varon reported routine equity compensation activity involving performance stock units (PSUs). On June 29, he exercised PSUs covering 1,250 shares of common stock, converting them at an exercise price of $0.00 per share.

To cover the related tax liability, 523 common shares were withheld at a price of $38.26 per share, a non‑market, tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 44,113 common shares. The vesting reflected achievement of a stock price performance condition requiring the share price to close at or above $33.39 for at least 20 out of 30 consecutive trading days after a December 7, 2023 PSU grant.

Positive

  • None.

Negative

  • None.
Insider Varon Adam
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Performance Stock Unit 1,250 $0.00 --
Exercise Common Stock 1,250 $0.00 --
Tax Withholding Common Stock 523 $38.26 $20K
Holdings After Transaction: Performance Stock Unit — 0 shares (Direct, null); Common Stock — 44,113 shares (Direct, null)
Footnotes (1)
  1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit. This vesting event signifies the achievement of the fourth of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 7, 2023. The condition was met when the Company's common stock closed at or above $33.39 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days and the grant reached its first anniversary. Each PSU represents a contingent right to receive one share of the Company's common stock.
Tax-withholding shares 523 shares Common stock withheld for tax liability at $38.26 per share
Shares from PSU exercise 1,250 shares Common stock received from exercising performance stock units
Tax withholding price $38.26 per share Value used for withholding 523 common shares
Shares held after transactions 44,113 shares Direct CCSI common stock holdings following June 29, 2026 activity
PSU performance price hurdle $33.39 Required closing price for at least 20 of 30 consecutive trading days
Trading days requirement 20 of 30 days Stock had to close at or above $33.39 for PSU vesting
PSU grant date December 7, 2023 Grant date of performance share units tied to this vesting
Performance Stock Unit financial
"Performance Stock Unit, each representing a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax liability financial
"Payment for a tax liability by withholding securities incident to vesting"
withholding securities financial
"Payment for a tax liability by withholding securities incident to vesting"
stock price performance conditions financial
"signifies the achievement of the fourth of four stock price performance conditions"
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
Varon Adam
(Last)(First)(Middle)
C/O CONSENSUS CLOUD SOLUTIONS, INC.
700 S. FLOWER STREET, 15TH FLOOR
(Street)
LOS ANGELES CALIFORNIA 90017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Consensus Cloud Solutions, Inc. [ CCSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/29/2026M1,250A$044,113D
Common Stock06/29/2026F(1)523D$38.2643,590D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Unit$006/29/2026M1,250 (2) (2)Common Stock $0.01 Par Value1,250$00D
Explanation of Responses:
1. Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit.
2. This vesting event signifies the achievement of the fourth of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 7, 2023. The condition was met when the Company's common stock closed at or above $33.39 for at least twenty (20) trading days within a period of thirty (30) consecutive trading days and the grant reached its first anniversary. Each PSU represents a contingent right to receive one share of the Company's common stock.
Remarks:
/s/ Vithya Aubee, Attorney-in-Fact07/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CCSI CFO Adam Varon report on June 29, 2026?

CCSI CFO Adam Varon exercised performance stock units into 1,250 shares of common stock. As part of the same event, some shares were withheld to cover taxes, resulting in a modest net increase in his direct shareholdings.

How many Consensus Cloud (CCSI) shares were withheld for taxes in this Form 4?

The filing shows 523 common shares were withheld at $38.26 per share to satisfy a tax liability. This tax-withholding disposition is not an open-market sale and is a standard mechanism tied to equity vesting events.

How many Consensus Cloud (CCSI) shares did the CFO hold after these transactions?

After the reported transactions, Adam Varon directly held 44,113 shares of CCSI common stock. This figure reflects his position following both the PSU exercise and the related tax-withholding share disposition on June 29, 2026.

What performance condition triggered the CCSI PSU vesting for the CFO?

The vesting reflected achievement of the fourth stock price performance condition from a December 7, 2023 PSU grant. CCSI’s stock had to close at or above $33.39 for at least 20 trading days within a 30-day consecutive trading period.

Are the CCSI CFO’s reported transactions open-market buys or sells?

The transactions are not open-market trades. They involve exercising performance stock units into common shares and withholding 523 shares to cover tax obligations, which is a routine administrative disposition rather than a discretionary market buy or sale.

What does each CCSI performance stock unit represent in this Form 4?

Each performance stock unit (PSU) represents a contingent right to receive one share of CCSI common stock. Upon satisfaction of specified stock price performance and time-based conditions, these PSUs convert into an equivalent number of common shares.