Duncan Douglas Alan 4

What Happened

• Duncan Douglas Alan, Chief Information Officer of NI Holdings, was granted 11,100 shares reported as an award (A) on 2026-03-02. The filing lists an acquisition price of $0.00 because these were restricted stock units (RSUs) rather than a cash purchase.

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares awarded: 11,100 RSUs; reported acquisition price: $0.00 (RSUs are compensation, not an open-market purchase).
• Shares owned after transaction: not reported in the provided filing.
• Footnotes: F1 — shares are RSUs with time-based vesting; F2 — includes restricted stock units.
• Exhibit: 24.1 Power of Attorney included with the filing.

Context

• RSU grants are a form of compensation that typically vest over time and do not represent an immediate cash investment by the insider; they are not the same as an open-market purchase and do not necessarily signal a buy or sell decision. Retail investors should view this as executive compensation rather than an immediate market commitment.