Gregory M. Hart - 02 Oct 2023 Form 4 Insider Report for Compass, Inc. (COMP)

Role
Chief Operating Officer
Signature
/s/ Bradley K. Serwin, as attorney-in-fact
Issuer symbol
COMP
Transactions as of
02 Oct 2023
Net transactions value
-$358,445
Form type
4
Filing time
04 Oct 2023, 18:16:28 UTC
Previous filing
06 Sep 2023
Next filing
03 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMP Class A Common Stock Sale $69,401 -24,604 -3.2% $2.82 750,065 02 Oct 2023 Direct F1, F2
transaction COMP Class A Common Stock Options Exercise $0 +282,513 +38% $0.000000 1,032,578 03 Oct 2023 Direct F3
transaction COMP Class A Common Stock Tax liability $289,045 -111,171 -11% $2.60 921,407 03 Oct 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COMP Restricted Stock Unit (RSU) Options Exercise $0 -17,290 -5% $0.000000 328,430 03 Oct 2023 Class A Common Stock 17,290 Direct F3, F5
transaction COMP Restricted Stock Unit (RSU) Options Exercise $0 -101,359 -33% $0.000000 202,720 03 Oct 2023 Class A Common Stock 101,359 Direct F3, F6
transaction COMP Restricted Stock Unit (RSU) Options Exercise $0 -152,039 -33% $0.000000 304,079 03 Oct 2023 Class A Common Stock 152,039 Direct F3, F6
transaction COMP Restricted Stock Unit (RSU) Options Exercise $0 -11,825 -33% $0.000000 23,651 03 Oct 2023 Class A Common Stock 11,825 Direct F3, F6
* 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 Automatic sales pursuant to a Rule 10b5-1 plan adopted by the reporting person on May 12, 2023.
F2 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $2.79 to $2.88 per share, inclusive. The reporting person undertakes to provide to Compass, Inc., any security holder of Compass, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F3 Each RSU represents a contingent right to receive one (1) share of the Issuer's Class A Common Stock upon settlement.
F4 Represents shares withheld by Issuer to satisfy tax withholding obligations on the vesting of RSUs.
F5 The RSUs vest as to 20% of the total shares on April 13, 2021 and 1.667% monthly thereafter, with 100% of the shares vested on April 13, 2025, subject to continued service through each vesting date.
F6 The RSUs vest as to 25% of the total shares on each of June 15, 2023, September 15, 2023, December 15, 2023 and March 15, 2024, subject to the reporting person's provision of service to the Issuer on each vesting date.