MERTON ROBERT C 4

What Happened

• Robert C. Merton, a director of Ategrity Specialty Insurance Co Holdings (ASIC), had 980 restricted stock units (RSUs) convert into 980 shares on June 11, 2026. The filing also shows 980 shares were disposed/transferred at $0.00 on the same date. No cash proceeds are reported for the disposal.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely filing).
• Conversion: 980 shares acquired via exercise/conversion of a derivative (RSU); Disposal: 980 shares at $0.00.
• Shares owned after the transaction: not specified in the excerpted filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F2: The RSUs stem from a June 11, 2025 grant of 2,941 RSUs vesting in three equal annual installments (one-third ≈ 980 RSUs vested on 6/11/2026).
• The filing entry type is “M” (exercise/conversion of a derivative).

Context

• This filing reflects RSU vesting/conversion rather than an open-market buy or sale. The same number of shares being transferred at $0.00 is commonly seen when shares are withheld or surrendered to satisfy tax withholding or other settlement obligations; the filing itself does not state a cash payment or proceeds. Such conversions are routine compensation events for insiders and do not by themselves indicate a directional bet on the stock.