Saravanos Anthony 4

What Happened

• Anthony Saravanos, Division President and Director of HCI Group, surrendered 13,384 shares on May 22, 2026 to satisfy estimated federal tax withholding tied to restricted stock vesting. The shares were valued at $157.79 each, totaling $2,111,861. This was a tax-withholding share surrender (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-05-22 at $157.79 per share (13,384 shares; $2,111,861 total).
• Transaction type: Tax withholding / shares surrendered to cover tax liability (Form 4 code F).
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: 13,384 shares were surrendered to cover the estimated federal tax liability associated with the vesting of 34,000 restricted shares on May 22, 2026.
  • F2: On 12/19/2025 the reporting person received a restricted stock grant that vests in equal increments on 10/23/2026, 10/23/2027, and 10/23/2028 under the company’s 2012 Omnibus Incentive Plan.
• Filing timeliness: The Form 4 was filed on 2026-05-27 for a 2026-05-22 transaction (5 days later), which appears to exceed the usual 2-business-day reporting window.

Context

• This was a routine tax-withholding transaction (shares surrendered to cover withholding) tied to restricted stock vesting, not an indication of an open-market sale or change in investment view. For retail investors, tax-withholding surrenders are common after vesting and generally do not carry the same informational weight as voluntary open-market purchases or sales.