[Form 4] Cannae Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Douglas K. Ammerman, a director of Cannae Holdings, Inc. (CNNE), reported acquiring 3,140 shares of the company's common stock on 09/30/2025 at a reported price of $18.31 per share under the Director Retainer Election Program. After the transaction, Mr. Ammerman beneficially owned 38,903 shares. The Form 4 was signed by an attorney-in-fact on 10/01/2025. The filing discloses a non-derivative purchase by an insider as part of a director compensation election; no options, dispositions, or other derivative transactions are reported.

Positive

• Director increased ownership by acquiring 3,140 shares, which can align management and shareholder interests
• Transaction disclosed under the Director Retainer Election Program, indicating the purchase stems from routine director compensation rather than undisclosed activity

Negative

• None.

Insights

Securities Analyst

TL;DR: A director purchased 3,140 CNNE shares at $18.31, modestly increasing insider stake via a retainer election.

The transaction reflects an insider acquisition through a routine Director Retainer Election Program rather than an open-market trade or strategic buy. The purchase raised the director's beneficial ownership to 38,903 shares, which is disclosure-level information that signals alignment with shareholders but appears immaterial to company valuation on its own. No derivative activity or dispositions were reported.

Corporate Governance Expert

TL;DR: Director compensation was taken in stock, increasing insider ownership; governance implications are typical and non-adverse.

The filing indicates the director elected to receive equity as part of retainer compensation, a common governance practice to align interests. This strengthens director-shareholder alignment but does not indicate a change in board composition, control, or material corporate action. Documentation is complete for the single-class disclosure required under Section 16.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ammerman Douglas K

(Last) (First) (Middle)

1701 VILLLAGE CENTER CIRCLE

(Street)

LAS VEGAS NV 89134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cannae Holdings, Inc. [ CNNE ]

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)
09/30/2025

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	09/30/2025		A		3,140(1)	A	$18.31	38,903	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. Shares obtained under the Director Retainer Election Program.

	/s/ Carol Nairn, as attorney-in-fact	10/01/2025
	** 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

What did CNNE director Douglas K. Ammerman report on the Form 4?

He reported acquiring 3,140 shares of Cannae Holdings common stock on 09/30/2025 at a price of $18.31 per share under the Director Retainer Election Program.

How many CNNE shares does Douglas K. Ammerman beneficially own after the transaction?

Following the reported purchase, he beneficially owns 38,903 shares.

Was this Form 4 transaction a market purchase or compensation election?

The filing states the shares were obtained under the Director Retainer Election Program, indicating the acquisition resulted from a compensation election.

Were any derivative securities reported by the insider in this Form 4?

No. The filing shows only a non-derivative common stock acquisition and lists no derivative securities.

When was the Form 4 signed and by whom?

The form was signed on 10/01/2025 by Carol Nairn, acting as attorney-in-fact for the reporting person.