DOWNES SEAN P 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Universal Insurance (UVE) Executive Chairman Sean P. Downes Sells Shares
What Happened
Sean P. Downes, Executive Chairman and a director of Universal Insurance Holdings, Inc. (UVE), sold a total of 20,000 shares in open-market transactions on April 29, 2026 for aggregate proceeds of approximately $793,765. The sales were reported in three blocks: 11,919 shares at a weighted average price of $39.25 ($467,780), 5,837 shares at $40.08 ($233,957), and 2,244 shares at $41.01 ($92,028). These were outright sales (transaction code S).
Key Details
- Transaction date: 2026-04-29 (filed on 2026-04-30 — timely filing).
- Individual reported weighted-average prices and proceeds:
- 11,919 shares @ $39.25 = $467,780 (prices in this block ranged $38.675–$39.67; see footnote F1).
- 5,837 shares @ $40.08 = $233,957 (range $39.68–$40.64; footnote F2).
- 2,244 shares @ $41.01 = $92,028 (range $40.79–$41.29; footnote F3).
- Total shares sold: 20,000; total proceeds: ~$793,765.
- Shares owned after the transactions: not disclosed in the provided filing.
- Notable footnotes: reported prices are weighted averages; the filing states the insider can provide the number of shares sold at each specific price within the listed ranges upon request.
Context
These were open-market sales (not option exercises, gifts, or awards). Sales by executives are common for liquidity, diversification or other personal reasons and do not by themselves indicate a change in company outlook.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-29$39.25/sh−11,919$467,780→ 1,196,336 total - Sale
Common Stock
[F2]2026-04-29$40.08/sh−5,837$233,957→ 1,190,499 total - Sale
Common Stock
[F3]2026-04-29$41.01/sh−2,244$92,028→ 1,188,255 total
- 2,000(indirect: By Spouse)
Common Stock
- 48,000(indirect: By Children)
Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.675 to $39.67, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.68 to $40.64, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $40.79 to $41.29, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3).