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Consensus Cloud (NASDAQ: CCSI) CTO vests 5,000 PSUs and withholds shares for tax

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

Rhea-AI Filing Summary

Consensus Cloud Solutions Chief Technology Officer Jeffrey Alan Sullivan exercised 5,000 performance stock units into common stock after meeting a stock price performance condition. To cover taxes at vesting, 2,544 shares were withheld at $38.26 per share, and he now directly holds 122,912 common shares.

Positive

  • None.

Negative

  • None.
Insider Sullivan Jeffrey Alan
Role Chief Technology Officer
Type Security Shares Price Value
Exercise Performance Stock Unit 5,000 $0.00 --
Exercise Common Stock 5,000 $0.00 --
Tax Withholding Common Stock 2,544 $38.26 $97K
Holdings After Transaction: Performance Stock Unit — 0 shares (Direct, null); Common Stock — 122,912 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.
PSUs exercised 5,000 units Performance stock units converted to common stock
Shares withheld for tax 2,544 shares Tax-withholding disposition on vesting
Withholding price $38.26 per share Value used for tax-withholding shares
Post-transaction holdings 122,912 shares Common stock held directly after transactions
PSU price hurdle $33.39 Required closing price for vesting condition
Trading day requirement 20 of 30 days Stock must close at or above $33.39
Performance conditions Fourth of four met Stock price performance conditions for PSU grant
Grant date December 7, 2023 Original PSU grant date
Performance Stock Unit financial
"security_title: "Performance Stock Unit" and footnote describing PSUs"
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.
performance share units ("PSUs") financial
"grant of performance share units ("PSUs") made on December 7, 2023"
tax liability financial
"Payment for a tax liability by withholding securities incident to vesting"
vesting event financial
"This vesting event 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*
Sullivan Jeffrey Alan
(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 Technology 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 Stock06/29/2026M5,000A$0122,912D
Common Stock06/29/2026F(1)2,544D$38.26120,368D
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$006/29/2026M5,000 (2) (2)Common Stock $0.01 Par Value5,000$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 CTO Jeffrey Alan Sullivan report?

Jeffrey Alan Sullivan reported exercising 5,000 performance stock units into common stock and a related tax-withholding disposition of 2,544 shares. These actions are compensation-related and reflect vesting of equity awards rather than an open-market stock purchase or sale.

How many Consensus Cloud Solutions (CCSI) shares does the CTO hold after this Form 4?

After the reported transactions, Jeffrey Alan Sullivan directly holds 122,912 shares of Consensus Cloud Solutions common stock. This figure reflects the exercise of 5,000 performance stock units and the withholding of 2,544 shares to satisfy tax obligations at the time of vesting.

Why were 2,544 CCSI shares disposed of in this Form 4 filing?

The 2,544 Consensus Cloud Solutions shares were withheld to pay a tax liability triggered by vesting of performance stock units. This disposition is coded as an F transaction and represents tax withholding, not an open-market sale chosen by the insider.

What performance condition triggered Jeffrey Alan Sullivan’s PSU vesting at CCSI?

The vesting occurred when Consensus Cloud Solutions’ common stock closed at or above $33.39 for at least 20 trading days within 30 consecutive trading days, and the grant reached its first anniversary. This event satisfied the fourth of four stock price performance conditions for the PSU award.

What are performance stock units (PSUs) in the CCSI CTO’s equity award?

Each performance stock unit represents a contingent right to receive one share of Consensus Cloud Solutions common stock upon meeting specified conditions. For Jeffrey Alan Sullivan, 5,000 PSUs converted into 5,000 common shares once the defined stock price and time-based performance criteria were achieved.

When were Jeffrey Alan Sullivan’s performance share units at CCSI originally granted?

The performance share units tied to this vesting were granted on December 7, 2023. The award included four stock price performance conditions, with this Form 4 noting the achievement of the fourth condition, leading to conversion of 5,000 PSUs into common shares.