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CSGPCoStar Group · Insider ownership research

CoStar Group insiders sold $534K in the past 12 months. How much of their stake is that?

About 0.8% overall. As a group they still hold 97% of their starting shares. The biggest individual seller, Cynthia Cann, gave up 26% of starting holdings. These figures leave out Andrew Florance, the largest holder (most holdings were last confirmed in 2010).

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 72 of the 311 other companies we can measure (#240 of 312)See ranking
4
buyers among officers and directors (7 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 16
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 7, 2026Cynthia Cann sold 4.8K shares ($147K) with no plan disclosed. That is 20% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Cynthia Cann
Chief Accounting Officer
4,788$30.7820%19KAug 7, 2026Aug 10, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-twentieth of the 5-year average. 2 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Aug 10 for a sale on Aug 7. Cynthia Cann sold 4.8K shares ($147K) with no plan disclosed. Filing
52 SEC ownership filings in the period · See the evidence

What stands out

Four insiders bought shares: Andrew Florance (210K shares, $7.5M), Frederick Saint (20K shares, $907K) and Louise Sams (1K shares, $48K), plus 1 more.Andrew Florance: purchase, Aug 4, 2026 · Frederick Saint: purchase, Mar 2, 2026 · Louise Sams: purchase, Mar 6, 2026
John Hill sold 5.8K shares (28% of starting holdings), but 8.3K more vested, so the stake grew (from 20K to 23K).Largest sale, Nov 13, 2025
Tax withholding outweighed market sales: the company withheld $9.0M of officers' and directors' shares for taxes, against $534K sold on the open market. The largest was Andrew Florance ($4.4M withheld).Largest withholding, Mar 1, 2026

Percentages cover 15 of 16 officers and directors. Left out: Andrew Florance (most holdings were last confirmed in 2010). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Cynthia Cann
Chief Accounting Officer
26% · $274KNo plan disclosed
John Hill
Director
28% · $260KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $281K no plan disclosed$281KNovDecJanFebMarAprMayJunJulAug 2026: $253K no plan disclosedAugSepOct

Common questions

Is the CoStar Group CEO selling stock?

No. Andrew Florance reported no open-market sales in the past 12 months.

Why are CoStar Group insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any CoStar Group insiders buying?

Yes. 4 officers or directors reported 7 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did CoStar Group insiders sell?

About 0.8% overall. As a group they still hold 97% of their starting shares. The biggest individual seller, Cynthia Cann, gave up 26% of starting holdings. These figures leave out Andrew Florance, the largest holder (most holdings were last confirmed in 2010). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Cynthia Cann
Chief Accounting Officer
$274K
6.6K shares
26%No plan disclosed
John Hill
Director
$260K
5.8K shares
28%No plan disclosed
The full ownership picture16 of 16 insiders fully reconciled · 16 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Andrew Florance
!
Most of this insider's holdings were last confirmed in 2010. Confirmed in the last three years: 1,806,165 shares. Not confirmed since: 8,922,490 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Founder and CEO, Director
1.67M01.81Msee note
Vesting, gifts, unvested awards and holding lines for Andrew Florance
0shares vested or exercised
0gifted (net of own trusts)
−96Kwithheld by the company for taxes
0 → 84Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share1,672,8321,806,165

Additional holdings last reported Aug 9, 2010, not confirmed since: 8,922,490 shares. Not included in any total or percentage on this page.

Frank Simuro
Chief Technology Officer
484K0414Kno sales
Vesting, gifts, unvested awards and holding lines for Frank Simuro
0shares vested or exercised
0gifted (net of own trusts)
−38Kwithheld by the company for taxes
0 → 53Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share483,599414,491
Frederick Saint
President, Marketplaces
293K0278Kno sales
Vesting, gifts, unvested awards and holding lines for Frederick Saint
0shares vested or exercised
0gifted (net of own trusts)
−17Kwithheld by the company for taxes
0 → 40Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share293,103278,415
Lisa Ruggles
Senior VP, Global Operations
211K0175Kno sales
Vesting, gifts, unvested awards and holding lines for Lisa Ruggles
0shares vested or exercised
0gifted (net of own trusts)
−19Kwithheld by the company for taxes
0 → 28Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share211,201174,915
Christian Lown
Chief Financial Officer
130K0130Kno sales
Vesting, gifts, unvested awards and holding lines for Christian Lown
0shares vested or exercised
0gifted (net of own trusts)
−13Kwithheld by the company for taxes
0 → 40Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share130,157129,653
Robin Rossmann
i
Started reporting during the period; starting holdings are from the Form 3.
Chief Financial Officer
87K087Kno sales
Vesting, gifts, unvested awards and holding lines for Robin Rossmann
0shares vested or exercised
0gifted (net of own trusts)
10K → 45Kunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share86,69186,691
Michael Desmarais
i
Minor difference of 157 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Chief Human Resources Officer
79K088Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Desmarais
0shares vested or exercised
0gifted (net of own trusts)
−9.2Kwithheld by the company for taxes
0 → 18Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share79,11887,725

Reconciliation: minor difference of 157 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Gene Boxer
General Counsel and Secretary
79K095Kno sales
Vesting, gifts, unvested awards and holding lines for Gene Boxer
0shares vested or exercised
0gifted (net of own trusts)
−5Kwithheld by the company for taxes
0 → 27Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share78,57295,463
Cynthia Cann
i
Minor difference of 142 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Chief Accounting Officer
25K−6.6K19K75%
Vesting, gifts, unvested awards and holding lines for Cynthia Cann
0shares vested or exercised
0gifted (net of own trusts)
−4.1Kwithheld by the company for taxes
0 → 33Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share25,05218,822

Reconciliation: minor difference of 142 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

John Hill
Director
20K−5.8K23K+12%
Vesting, gifts, unvested awards and holding lines for John Hill
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share20,48122,993
Louise Sams
Director
19K029Kno sales
Vesting, gifts, unvested awards and holding lines for Louise Sams
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share19,40928,671
Robert Musslewhite
Director
18K027Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Musslewhite
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share18,27726,539
Angelique Brunner
Director
10K018Kno sales
Vesting, gifts, unvested awards and holding lines for Angelique Brunner
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share10,16618,428
Rachel Glaser
i
Minor difference of 14 shares. Difference is under 0.5% of holdings.
Director
3.1K012Kno sales
Vesting, gifts, unvested awards and holding lines for Rachel Glaser
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share3,14312,419

Reconciliation: minor difference of 14 shares. Difference is under 0.5% of holdings.

Christine McCarthy
i
Minor difference of 350 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
3K012Kno sales
Vesting, gifts, unvested awards and holding lines for Christine McCarthy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share2,97311,585

Reconciliation: minor difference of 350 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

John Berisford
Director
3K011Kno sales
Vesting, gifts, unvested awards and holding lines for John Berisford
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock, par value $0.01 per share2,97311,235

16 of 16 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (12 exactly, 4 with a minor or footnoted difference). Percentages cover 15 of 16 officers and directors. Left out: Andrew Florance (most holdings were last confirmed in 2010). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$534K of sales by plan status, purpose, seller and month

Officer and director open-market sales: $534K across 12,379 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $534K

Sales with no 10b5-1 plan and no tax reference in the filing. $274K of it is Cynthia Cann. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: John Hill, Nov 13, 2025

Taxes

201,629 shares ($9.0M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 4 buyers (7 trades)

4 officers and directors bought shares in this period, in 7 trades(Form 4 code P). Across all their filings on record there are 8 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Cynthia Cann
Chief Accounting Officer
6.6K$274K0%51%Nov 13, 2025 to Aug 7, 2026
John Hill
Director
5.8K$260K0%49%Nov 13, 2025 to Aug 5, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$281K$0$0$281K
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$253K$0$0$253K
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-twentieth of the 5-year average. 2 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
12K2$534K
Oct 8, 2025
1 year earlier
162K6$13.2M
Oct 8, 2024
2 years earlier
156K7$14.3M
Oct 9, 2023
3 years earlier
609K7$48.6M
Oct 9, 2022
4 years earlier
193K7$13.9M
Oct 9, 2021
5 years earlier
364K5$30.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Michael Desmarais: minor difference of 157 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Cynthia Cann: minor difference of 142 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Rachel Glaser: minor difference of 14 shares. Difference is under 0.5% of holdings.

Christine McCarthy: minor difference of 350 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Inferred rename: "Shares held by Mr. Haber's wife, in which he dislcaims beneficial ownership" is treated as the same holder as "Shares held by Mr. Haber's wife, in which he disclaims beneficial ownership", because the old name was never reported again and the new one opened with the same balance (60,000 shares). Old name, new name

Inferred rename: "Shares held by Mr. Haber's wife, in which he disclaims beneficial ownership" is treated as the same holder as "Shares held by Mr. Haber's wife, for which he disclaims beneficial ownership", because the old name was never reported again and the new one opened with the same balance (60,000 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology830 filings from SEC EDGAR, and how we read them

All 830 Forms 3, 4 and 5 filed for CoStar Group (SEC CIK 1057352) from Jul 17, 1998 to Aug 10, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 1 filing was left out because CoStar Group filed them as an owner of another company's stock. 1 older filing exists only on paper and could not be read.

Probable 10-for-1 stock split on or before Jun 25, 2021 (split date stated in a footnote). Splits aren't reported as transactions; 9 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (22)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Michael KleinDec 12, 20242,009,122 shares, last reported balance as of Dec 10, 2024
Christopher NassettaDec 2, 2024525,565 shares, last reported balance as of Nov 27, 2024
Laura KaplanAug 5, 202417,835 shares, last reported balance as of Jul 17, 2024
Scott WheelerApr 30, 2024309,118 shares, last reported balance as of Apr 26, 2024
Michael GlossermanNov 1, 2023101,465 shares, last reported balance as of Oct 30, 2023
Matthew LinningtonAug 13, 2020197,660 shares, last reported balance as of Aug 12, 2020
David SteinbergMar 5, 202064,560 shares, last reported balance as of Mar 4, 2020
Francis CarchediOct 2, 201865,400 shares, last reported balance as of Sep 28, 2018
Warren HaberSep 24, 20181,352,540 shares, last reported balance as of Sep 20, 2018
Scott YingerAug 11, 201545,830 shares, last reported balance as of Aug 3, 2015
Brian RadeckiMar 13, 2015659,630 shares, last reported balance as of Mar 13, 2015
David BondermanSep 15, 20142,958,340 shares, last reported balance as of Sep 11, 2014
John StanfillMar 12, 20141,153,410 shares, last reported balance as of Mar 11, 2014
Jennifer KitchenSep 11, 2013432,150 shares, last reported balance as of Sep 9, 2013
Paul MarplesAug 1, 2012499,500 shares, last reported balance as of Jul 30, 2012
Josiah Low IIISep 7, 2010239,100 shares, last reported balance as of Sep 2, 2010
Christopher TullyMay 29, 2008211,360 shares, last reported balance as of May 28, 2008
Catherine ReynoldsSep 18, 200776,170 shares, last reported balance as of Sep 14, 2007
Craig FarringtonMay 1, 2007204,370 shares, last reported balance as of Apr 27, 2007
David SchaffelMar 14, 2005286,350 shares, last reported balance as of Mar 10, 2005
Michael ArabeMar 2, 2004139,120 shares, last reported balance as of Feb 27, 2004
Nana BanerjeeNo balance on record