CoStar Group (CSGP) CEO adds 71,430 shares in open-market purchases
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group, Inc. President and CEO Andrew C. Florance reported buying additional company stock. He made two open-market purchases of the company’s common stock, totaling 71,430 shares. One trade covered 3,100 shares at $35.82 per share and the other 68,330 shares at $35.17 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 71,430 shares ($2,514,208)
Net Buy
2 txns
Insider
FLORANCE ANDREW C
Role
President and CEO
Bought
71,430 shs ($2.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 68,330 | $35.17 | $2.40M |
| Purchase | Common Stock, par value $0.01 per share | 3,100 | $35.82 | $111K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 1,719,765.03 shares (Direct, null)
Footnotes (1)
- Average based on sales prices ranging from $34.67 to $35.67. Average based on sales prices ranging from $35.68 to $36.00.
Key Figures
Total shares purchased: 71,430 shares
First trade size: 3,100 shares
First trade price: $35.82 per share
+2 more
5 metrics
Total shares purchased
71,430 shares
Aggregate open-market purchases reported on Form 4
First trade size
3,100 shares
Open-market purchase at $35.82 per share
First trade price
$35.82 per share
Price for 3,100-share purchase of common stock
Second trade size
68,330 shares
Open-market purchase at $35.17 per share
Second trade price
$35.17 per share
Price for 68,330-share purchase of common stock
Key Terms
open-market purchase, Form 4, Common Stock, par value $0.01 per share, transaction code "P"
4 terms
open-market purchase financial
"transaction_action: "open-market purchase" for each transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "P" regulatory
"transaction_code: "P" with description "Purchase in open market or private transaction""
FAQ
What did CoStar Group (CSGP) CEO Andrew Florance report in this Form 4?
Andrew C. Florance reported buying CoStar Group common stock in the open market. He executed two separate purchases, increasing his direct ownership position in the company’s shares according to the totals disclosed in the filing.
What transaction code is used for the CoStar Group (CSGP) CEO’s trades?
Both transactions use code “P,” indicating open-market or private purchase transactions. This code confirms the trades were acquisitions of common stock rather than sales, grants, or derivative exercises under Section 16 reporting rules.
Are the CoStar Group (CSGP) CEO’s holdings direct or indirect in this filing?
The filing labels the CEO’s reported ownership as direct, using the code “D” for nature of ownership. This means the shares from these reported purchases are held directly rather than through an intermediary entity or indirect ownership structure.