Michael P. Kouzelos - Feb 27, 2023 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role
President, Employee Services
Signature
/s/ Michael W Gleespen, attorney-in-fact for Michael P Kouzelos
Stock symbol
CBZ
Transactions as of
Feb 27, 2023
Transactions value $
-$2,287,818
Form type
4
Date filed
2/28/2023, 04:59 PM
Previous filing
Feb 10, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBZ Common Stock Options Exercise $917K +47.1K +15.06% $19.45 360K Feb 27, 2023 Direct
transaction CBZ Common Stock Sale -$2.41M -47.1K -13.09% $51.23 313K Feb 27, 2023 Direct F1
transaction CBZ Common Stock Options Exercise $484K +24.9K +7.95% $19.45 338K Feb 28, 2023 Direct
transaction CBZ Common Stock Sale -$1.27M -24.9K -7.36% $51.21 313K Feb 28, 2023 Direct F2

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 CBZ Employee Stock Option Options Exercise $0 -47.1K -65.45% $0.00 24.9K Feb 27, 2023 Common Stock 47.1K $19.45 Direct F3
transaction CBZ Employee Stock Option Options Exercise $0 -24.9K -100% $0.00* 0 Feb 28, 2023 Common Stock 24.9K $19.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Weighted average sale price of price range between $50.83 and $51.65. Will provide upon request number of shares sold at each separate price.
F2 Weighted average sale price of price range between $50.51 and $51.82. Will provide upon request number of shares sold at each separate price.
F3 Consists of Options granted on 05/09/2018 vesting in 25% increments each year beginning 05/09/2019 and expiring on 05/09/2024.