SCHAEFFER DAVE sold CCOI
August 8, 2025 · Form 4 insider transaction
SCHAEFFER DAVE sold 818,909 shares of Cogent Communications Holdings, Inc. at $27.50 per share, a transaction worth $22.52M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 3 days after the transaction.
Direction
Disposed (sell-side)
Shares
818,909
Price
$27.50
Total value
$22.52M
InsiderSCHAEFFER DAVE
RoleOfficer, Director
Securitycommon stock
Transaction codeS: Open-market sale
Transaction dateAugust 8, 2025
Filing dateAugust 11, 2025
Shares owned after697,143
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
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 in a private block sale at an approximately 9% discount to the then market price.