August 7, 2025 · Form 4 insider transaction
SCHAEFFER DAVE sold 1,840,669 shares of Cogent Communications Holdings, Inc. at $32.60 per share, a transaction worth $60.01M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
The sales reported on this Form 4 represent a non-volitional transfer of Common Stock by the Reporting Person to one of the Reporting Person's lenders effectuated by the lender pursuant to the Reporting Person's margin loan facility. The lender then sold the Common Stock to one of its affiliates at a 7% discount to the then market price.