Wise Raymond F. Jr. 4

What Happened

• Raymond F. Wise Jr., EVP & CSO of Amerisafe (AMSF), had 1,044 restricted stock units (RSUs) vest on March 1, 2026 and they converted one-for-one into 1,044 common shares. To satisfy tax withholding, 503 of those shares were withheld at $32.53 per share, yielding $16,363. Net shares delivered to Wise = 1,044 − 503 = 541 shares.
• The filing shows the RSU conversion (transaction code M for exercise/conversion of derivative) and the tax withholding (code F). The 503-share withholding is a routine tax-related disposition, not an open-market sale.

Key Details

• Transaction date: March 1, 2026. Filing date / form filed: March 3, 2026.
• Reported entries: 1,044 RSUs converted to 1,044 common shares (M); 503 shares withheld for taxes at $32.53/share for $16,363 (F). The filing also records the conversion/disposition of the derivative interest associated with the RSUs.
• Shares owned after transaction: not disclosed in the reported Form 4.
• Footnotes: F1 — RSUs convert 1-for-1 into common stock; F2 — 1,044 RSUs fully vested on March 1, 2026.
• Timeliness: Filing dated March 3, 2026 for a March 1 transaction (appears filed shortly after the vesting date).

Context

• This activity reflects an RSU vesting event with a standard tax-withholding disposition (often called a cashless withholding). It is an award receipt rather than a market purchase or a voluntary sale; withholding to cover taxes is routine and does not necessarily indicate a change in insider sentiment.
• For retail investors, purchases are typically more informative as a bullish signal; vesting and withholding events primarily reflect compensation and tax obligations.