Form 4 for CCOI COGENT COMMUNICATIONS HOLDINGS, INC.
Accepted 2025-04-04 00:00:00 ET · period of report 2025-04-04 · accession 0001415889-25-010197 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-04 | 2025-04-04 | CCOI | SCHAEFFER DAVE | COB, CEO, AND Pres, Dir | D - Sale to Iss | $0.00 | -48.3K | 4.40M | -1% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | common stock | 2025-04-04 | D | D | 48,317 | $0.00 | 4,395,721 | D | — | — | (F2) On April 4, 2025 the Company determined that, using the performance criteria for the tranche 3 revenue growth rate, 21,683 shares of common stock were earned and vested and 13,317 performance shares were forfeited. The Company also determined that using the performance criteria for the tranche 2 cash flow growth rate, no shares of common stock are earned and 35,000 performance shares were forfeited. The forfeiture of an aggregate 48,317 performance shares, as reported herein, was implemented on April 4, 2025. (F1) On February 24, 2021, the reporting person was granted an award of up to 105,000 performance shares. Tranche 1 of this award, consisting of 35,000 performance shares, was dependent upon achievement of a total shareholder return ("TSR") goal compared to the TSR of the Nasdaq Telecommunications Index ("NTI") between April 1, 2021 and December 31, 2024. The tranche 1 TSR performance shares vested in full and were delivered on February 10, 2025. Tranche 2 consisting of 35,000 performance shares was dependent upon achievement of growth rate in cash flows from operating revenue as compared to 2.0 times the growth rate of the NTI between April 1, 2021 and December 31, 2024. Tranche 3 consisting of 35,000 performance shares was dependent upon achievement of Company's growth rate in revenue as compared to 1.5 times the growth rate of the NTI between April 1, 2021 and December 31, 2024. |