John Chang - Dec 1, 2023 Form 4 Insider Report for COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)

Signature
/s/ John B. Chang
Stock symbol
CCOI
Transactions as of
Dec 1, 2023
Transactions value $
$0
Form type
4
Date filed
12/1/2023, 11:36 AM
Previous filing
May 4, 2023
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCOI common stock Award $0 +2.4K +5.35% $0.00 47.3K Dec 1, 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 On February 14, 2020, the reporting person was granted an award of restricted stock units, which vest in the form of common stock based upon the Issuer's achievement of certain performance goals. The Issuer's Board of Directors, and its Compensation Committee, determined that the performance goals had been met, resulting in the vesting of these shares on December 1, 2023 under the terms of the grant.