Sennott John Langton Jr. 4

What Happened John Langton Sennott Jr., a director of Ategrity Specialty Insurance Co. (ASIC), had a tranche of restricted stock units (RSUs) vest on June 11, 2026. The filing shows 980 RSUs converted into 980 shares (transaction code M — exercise/conversion of a derivative). The filing also reports a simultaneous disposition of 980 shares at $0.00 (reported as a derivative disposition), which is commonly used to reflect shares withheld to satisfy tax withholding obligations; no cash proceeds are shown.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-16).
• Acquired: 980 shares by conversion of RSUs (price: N/A).
• Disposed: 980 shares at $0.00 (derivative disposition; commonly indicates withholding for taxes).
• Footnote F1: Each RSU represents a contingent right to one share of common stock.
• Footnote F2: On June 11, 2025, Sennott was granted 2,941 RSUs vesting in three equal annual installments; the June 11, 2026 vesting appears to be one of those tranches (approx. 980 RSUs).
• Shares owned after the transaction: not specified in the provided excerpt.
• Timeliness: Filing was submitted on 2026-06-16 for a 2026-06-11 transaction and is marked late (L) — late filings delay public visibility of insider activity.

Context

• This was a conversion/vesting of RSUs rather than an open-market purchase or sale; the simultaneous $0.00 disposition is typically a withholding action to cover taxes and does not indicate a market sale for cash.
• Such award vesting is routine for equity-compensated insiders and should be interpreted as fulfillment of prior grants rather than an active bullish or bearish trade.