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Consensus Cloud (NASDAQ: CCSI) CAO vests PSUs and withholds shares for tax

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

Rhea-AI Filing Summary

Consensus Cloud Solutions Chief Accounting Officer Karel Krulich reported equity compensation activity involving performance stock units and related tax withholding. On June 25, 2026, he exercised performance stock units covering 1,622 and 900 shares of common stock, converting these awards into shares.

In connection with this vesting, 941 common shares were disposed of at $35.03 per share to satisfy tax liabilities, which is a tax-withholding mechanism rather than an open-market sale. Following these transactions, Krulich directly held 40,120 shares of Consensus Cloud Solutions common stock.

The footnotes state that the vesting reflected stock price performance conditions from grants made on December 7, 2023 and December 6, 2024, with conditions met after the stock closed at or above $31.06 and $30.44, respectively, for at least twenty trading days within thirty consecutive trading days and after each grant’s first anniversary.

Positive

  • None.

Negative

  • None.

Insights

Routine PSU vesting with tax withholding; no open-market buying or selling.

The disclosure shows Karel Krulich converting performance stock units into common stock and having 941 shares withheld at $35.03 to cover tax obligations. Code F transactions are mechanical tax payments, not discretionary sales, while code M reflects derivative exercises.

The footnotes highlight that vesting was triggered by stock price performance hurdles of $31.06 and $30.44 sustained over specified trading periods and after each grant’s first anniversary. This ties the awards to share price performance rather than time-based vesting alone.

After these transactions, Krulich held 40,120 common shares directly, and no remaining derivative positions are listed. The pattern is typical of performance-based equity plans and largely administrative from an investment-signal standpoint.

Insider Krulich Karel
Role Chief Accounting Officer
Type Security Shares Price Value
Exercise Performance Stock Unit 900 $0.00 --
Exercise Performance Stock Unit 1,622 $0.00 --
Exercise Common Stock 900 $0.00 --
Exercise Common Stock 1,622 $35.03 $57K
Tax Withholding Common Stock 941 $35.03 $33K
Holdings After Transaction: Performance Stock Unit — 900 shares (Direct, null); Common Stock — 40,120 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 third 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 $31.06 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. 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 6, 2024. The condition was met when the Company's common stock closed at or above $30.44 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.
Shares withheld for taxes 941 shares at $35.03 Tax-withholding disposition on June 25, 2026
PSUs exercised (grant 2023) 1,622 units Converted into common stock on June 25, 2026
PSUs exercised (grant 2024) 900 units Converted into common stock on June 25, 2026
Post-transaction holdings 40,120 shares Common stock directly owned after transactions
Performance hurdle price (2023 grant) $31.06 Stock price condition for PSU vesting
Performance hurdle price (2024 grant) $30.44 Stock price condition for PSU vesting
Performance Stock Unit financial
"This vesting event signifies the achievement of the third of four stock price performance conditions associated with a grant of performance share units ("PSUs") made on December 7, 2023."
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-withholding disposition financial
"Payment for a tax liability by withholding securities incident to vesting of a certain Performance Stock Unit."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each PSU represents a contingent right to receive one share of the Company's common stock."
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Learn about SEC filing dates
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*
Krulich Karel

(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 Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026
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 Stock06/25/2026M900A$040,120D
Common Stock06/25/2026M1,622A$35.0341,742D
Common Stock06/25/2026F(1)941D$35.0340,801D
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$006/25/2026M900 (2) (2)Common Stock $0.01 Par Value900$0900D
Performance Stock Unit$006/25/2026M1,622 (3) (3)Common Stock $0.01 Par Value1,622$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 third 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 $31.06 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.
3. 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 6, 2024. The condition was met when the Company's common stock closed at or above $30.44 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-Fact06/29/2026
** 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)

FAQ

What did CCSI Chief Accounting Officer Karel Krulich report in this Form 4?

Karel Krulich reported the vesting and exercise of performance stock units into common stock and related tax withholding. The transactions converted 1,622 and 900 PSUs into shares, with 941 shares withheld at $35.03 per share to satisfy tax liabilities.

Did the CCSI insider sell shares on the open market in this filing?

No, the filing shows a tax-withholding disposition, not an open-market sale. Code F reflects 941 shares withheld at $35.03 per share to pay taxes on vesting, which is an automatic mechanism tied to compensation rather than a discretionary share sale.

How many Consensus Cloud Solutions shares does Karel Krulich hold after these transactions?

After the reported transactions, Karel Krulich directly holds 40,120 shares of Consensus Cloud Solutions common stock. This total reflects the net result of performance stock unit exercises and the related tax-withholding disposition of 941 shares on June 25, 2026.

What performance conditions triggered the PSU vesting for CCSI’s Chief Accounting Officer?

The PSUs vested when CCSI’s stock closed at or above $31.06 and $30.44 for at least twenty trading days within thirty consecutive trading days, and each grant reached its first anniversary. These thresholds applied to PSUs granted on December 7, 2023, and December 6, 2024.

What types of securities were involved in this CCSI Form 4 filing?

The filing involves Performance Stock Units (PSUs) and the underlying CCSI common stock. Each PSU represents a contingent right to receive one share of common stock, which was delivered upon meeting specified stock price performance and time-based vesting conditions.