John Chang - May 3, 2023 Form 4 Insider Report for COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)

Role
VP & CHIEF LEGAL OFFICER
Signature
/s/ John B. Chang
Stock symbol
CCOI
Transactions as of
May 3, 2023
Transactions value $
-$365,000
Form type
4
Date filed
5/4/2023, 12:08 PM
Previous filing
Apr 18, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCOI common stock Sale -$180K -2.5K -5.28% $72.00 44.9K May 3, 2023 Direct F1
transaction CCOI common stock Sale -$185K -2.5K -5.57% $74.00 42.4K May 3, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale of shares of common stock reported here was implemented pursuant to Mr. Chang's structured sale plan (10b5-1) adopted on December 1, 2022.