Gregory M. Hart - 01 Sep 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
01 Sep 2023
Transactions value $
-$364,262
Form type
4
Filing time
06 Sep 2023, 18:12:42 UTC
Previous filing
11 Aug 2023
Next filing
04 Oct 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 -$177,281 -49,208 -6.1% $3.6 757,406 01 Sep 2023 Direct F1, F2
transaction COMP Class A Common Stock Sale -$88,643 -24,604 -3.2% $3.6 732,802 05 Sep 2023 Direct F1, F3
transaction COMP Class A Common Stock Options Exercise $0 +69,032 +9.4% $0 801,834 05 Sep 2023 Direct F4
transaction COMP Class A Common Stock Tax liability -$98,337 -27,165 -3.4% $3.62 774,669 05 Sep 2023 Direct F5

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 -17,280 -4.8% $0 345,720 05 Sep 2023 Class A Common Stock 17,280 Direct F4, F6
transaction COMP Restricted Stock Unit (RSU) Options Exercise $0 -51,752 -25% $0 155,258 05 Sep 2023 Class A Common Stock 51,752 Direct F4, F7
* 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 $3.51 to $3.75 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 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.71 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.
F4 Each RSU represents a contingent right to receive one (1) share of the Issuer's Class A Common Stock upon settlement.
F5 Represents shares withheld by Issuer to satisfy tax withholding obligations on the vesting of RSUs.
F6 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.
F7 The RSUs vest as to 25% of the shares on August 15, 2023 and quarterly thereafter, with 100% of the shares vested on May 15, 2024, subject to the reporting person's continuous service on each vesting date.