Dave Schaeffer - Apr 1, 2024 Form 4 Insider Report for COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)

Role: CHAIRMAN, CEO, AND PRESIDENT, Director, 10%+ Owner
Signature: /s/ David Schaeffer
Stock symbol: CCOI
Transactions as of: Apr 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/1/2024, 12:35 PM
Previous filing: Mar 18, 2024
Next filing: May 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCOI	common stock	Disposed to Issuer	$0	-50.2K	-1.08%	$0.00	4.6M	Apr 1, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 18, 2020, the reporting person was granted an award of 105,000 performance shares. One tranche of this award consisting of 35,000 performance shares, was dependent upon the revenue growth rate of the Company compared to the NTI between April 1, 2020 and December 31, 2023. A second tranche of this award, also consisting of 35,000 shares, was dependent upon the cash flow growth rate of the Company compared to the NTI between April 1, 2020 and December 31, 2023.
F2	On April 1, 2024, the Company determined that the performance criteria for the revenue growth rate goal have been partially met, resulting in the vesting of 19,835 shares of common stock and the forfeiture of 15,165 performance shares. On April 1, 2024, the Company determined that the performance criteria for the cash flow growth rate goal had not been met, resulting in a forfeiture of all 35,000 performance shares in the tranche. The aggregate forfeitures of 50,165 shares under these two tranches are reported herein.

Content

On February 18, 2020, the reporting person was granted an award of 105,000 performance shares. One tranche of this award consisting of 35,000 performance shares, was dependent upon the revenue growth rate of the Company compared to the NTI between April 1, 2020 and December 31, 2023. A second tranche of this award, also consisting of 35,000 shares, was dependent upon the cash flow growth rate of the Company compared to the NTI between April 1, 2020 and December 31, 2023.

On April 1, 2024, the Company determined that the performance criteria for the revenue growth rate goal have been partially met, resulting in the vesting of 19,835 shares of common stock and the forfeiture of 15,165 performance shares. On April 1, 2024, the Company determined that the performance criteria for the cash flow growth rate goal had not been met, resulting in a forfeiture of all 35,000 performance shares in the tranche. The aggregate forfeitures of 50,165 shares under these two tranches are reported herein.