Frost G. Janelle 4

What Happened

• Frost G. Janelle, President & CEO and Director of Amerisafe Inc. (AMSF), was granted 24,814 shares (code A — award/grant) on March 12, 2026 at an acquisition price of $0.00 (i.e., vested/awarded shares).
• To cover tax obligations associated with the award, 10,509 shares were disposed (code F — payment of exercise price or tax liability) on the same date at $32.92 per share, totaling $345,956.

Key Details

• Transaction dates: March 12, 2026 (reported on Form 4 filed March 13, 2026).
• Award: 24,814 shares acquired at $0.00.
• Tax withholding/disposition: 10,509 shares at $32.92 each; total proceeds reported as $345,956.
• Shares owned after the transactions: not specified in the provided filing details.
• Notable item: the disposition is listed as tax withholding (F), a routine cashless-type action to satisfy tax liabilities on vested awards.
• Filing timing: Form 4 was filed the next day (no late filing indicated in the supplied data).

Context

• This was primarily an award/vesting event (not an open-market purchase or a deliberate sale for investment reasons). The simultaneous sale/withholding of shares to cover taxes is common when restricted stock or RSUs vest and does not necessarily indicate the insider's view on the company's stock.