Graham Andrew L. 4

What Happened Andrew L. Graham, General Counsel of HCI Group, surrendered 13,379 shares on May 22, 2026 at $157.79 per share (total value ~$2,111,072). The shares were surrendered to satisfy the estimated federal tax liability associated with the vesting of restricted stock — this is a tax-withholding (cashless surrender) transaction, not an open-market sale.

Key Details

• Transaction date: 2026-05-22; price: $157.79; shares surrendered: 13,379; reported value: $2,111,072.
• Filing date (Form 4): 2026-05-27 (appears later than the typical 2-business-day reporting window).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes:
  • F1: 13,379 shares were surrendered to cover estimated federal tax liability on the vesting of 34,000 restricted shares on May 22, 2026.
  • F2: The 34,000 restricted shares were granted on 12/19/2025 and vest in equal increments on 10/23/2026, 10/23/2027, and 10/23/2028 under the company’s 2012 Omnibus Incentive Plan and a restricted stock agreement.

Context This was a routine tax-withholding transaction (transaction code F) tied to restricted stock vesting. Such surrenders are common and generally reflect withholding mechanics rather than a deliberate decision to sell equity for investment reasons.