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

Rhea-AI Filing Summary

Erika Meinhardt, a director of Cannae Holdings, Inc. (CNNE), acquired 922 shares of the company's common stock on 09/30/2025 at a price of $18.31 per share under the Director Retainer Election Program. After this transaction she beneficially owns 136,124 shares in a direct capacity. The Form 4 was signed by an attorney-in-fact on 10/01/2025. This filing records a routine director compensation election resulting in an incremental increase in the director's direct shareholdings.

Positive

• Director increased direct ownership to 136,124 shares, signaling alignment with shareholders through equity-based compensation.
• Transaction executed via Director Retainer Election Program, indicating structured, non-market compensation rather than opportunistic trading.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director converted retainer into 922 shares, modestly increasing direct ownership to 136,124 shares.

This Form 4 documents a routine, non-discretionary compensation-related equity acquisition by a board member under the company's Director Retainer Election Program. The transaction appears administrative and aligns director incentives with shareholder interests by increasing equity ownership. There is no indication of a related-party sale, option exercise, or change in governance status from the content provided. Impact on control or corporate governance is not evident from the disclosed data.

Securities Analyst

TL;DR: Small insider acquisition of 922 shares at $18.31; transaction is compensation-related and likely immaterial to valuation.

The filing reports an acquisition of 922 common shares at $18.31, raising the reporting person's direct beneficial ownership to 136,124 shares. The acquisition method is explicitly the Director Retainer Election Program, indicating the shares were issued or transferred as part of director compensation rather than open-market trading. Based solely on the disclosed numbers, the transaction size appears modest and unlikely to meaningfully affect market supply or company valuation.

10/01/2025 - 04:38 PM

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
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).

1. Name and Address of Reporting Person^*

Meinhardt Erika

(Last) (First) (Middle)

1701 VILLAGE 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		922(1)	A	$18.31	136,124	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 transaction did Erika Meinhardt report on the Form 4 for CNNE?

The Form 4 reports an acquisition of 922 shares of Cannae Holdings common stock on 09/30/2025 under the Director Retainer Election Program at a price of $18.31 per share.

How many shares does Erika Meinhardt beneficially own after the reported transaction?

After the reported transaction she beneficially owns 136,124 shares in a direct capacity.

What was the acquisition method for the shares reported in the Form 4?

The shares were obtained under the company's Director Retainer Election Program, as stated in the filing's explanation of responses.

When was the Form 4 signed and by whom?

The filing is signed by Carol Nairn, as attorney-in-fact with a signature date of 10/01/2025.

Were the reported shares acquired via open-market purchase or compensation?

The filing specifies the shares were acquired as part of the Director Retainer Election Program, indicating a compensation-related issuance rather than an open-market purchase.