Patel Paresh 4
Research Summary
AI-generated summary
Exzeo (XZO) CEO Paresh Patel Buys 2,000 Shares
What Happened
- Paresh Patel, Chief Executive Officer of Exzeo Group, Inc. (XZO), reported two purchases on May 15, 2026. He acquired 500 shares at $13.55 ($6,775) and 1,500 shares at $13.72 ($20,580), for a total of 2,000 shares and $27,355 (weighted avg ≈ $13.68/share). The transactions are reported as purchases (code P), indicating open-market/private purchases rather than sales.
Key Details
- Transaction dates and prices: May 15, 2026 — 500 shares @ $13.55 and 1,500 shares @ $13.72.
- Total shares purchased: 2,000; total cash paid: $27,355; weighted average price ≈ $13.68/share.
- Shares owned after the transaction: not specified in the Form 4 filing.
- Footnote: F1 notes Patel was granted an option on Oct 1, 2021 to buy 5,000,000 shares with a multi-year vesting schedule; this filing reports open-market purchases, not an option exercise.
- Filing date and timeliness: Form 4 was filed May 18, 2026 for a May 15 transaction. Form 4s are generally due within two business days; this filing was submitted within that typical window.
Context
- Purchases by executives are often watched by retail investors as a potential sign of confidence, but they are just one data point and do not prove future performance.
- The filing does not indicate any cashless option exercise or immediate sale of these shares—these were outright purchases reported as P (purchase).