Kehoe Michael P 4

What Happened

• Michael P. Kehoe, Chairman, President and CEO of Kinsale Capital Group (KNSL), exercised 22,576 stock options on May 5, 2026 at $16.00 per share (total exercise cost $361,216). The same day he sold 22,576 shares in multiple open-market transactions, generating gross proceeds of about $6,832,839. The transactions were reported on a Form 4 filed May 6, 2026.
• These were sales (not purchases); the exercise followed by immediate market sales is commonly a cashless or sell-to-cover type transaction rather than an outright buy for a long-term stake.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 6, 2026 (timely).
• Options exercised: 22,576 shares at $16.00 each (total $361,216).
• Shares sold: 22,576 shares in multiple blocks at weighted average prices shown per block; gross proceeds ≈ $6,832,839.
• Per-footnotes, the sales were made under a Rule 10b5-1 trading plan adopted May 22, 2025 (F1). The options were fully vested (F10) and granted July 27, 2016 under the company’s omnibus plan (F9).
• Several footnotes break out the actual sale price ranges for each block (roughly $300.23 to $306.08 across transactions). The filing includes a derivative-disposition line at $0 reflecting settlement of the exercised options.
• Shares owned after the transaction are not specified in the excerpt of the filing provided here; see the full Form 4 for current beneficial ownership and any LLC holdings disclosure (F8).

Context

• For retail investors: exercising vested options and immediately selling the resulting shares is typically a liquidity or tax-management action by an insider and does not by itself indicate a change in company outlook. The presence of a 10b5-1 plan means the sales were pre-arranged under an approved trading program.