Sills Stephen Jay 4

What Happened Stephen (Stephen Jay) Sills, Bowhead Specialty Holdings’ CEO, President and a director, was granted equity awards on Feb 19, 2026 — 90,703 restricted stock units (RSUs) and 88,566 performance stock units (PSUs) (total 179,269 shares, $0 acquisition price). On Feb 20, 2026 he surrendered 5,419 shares at $24.90 each (disposed) to the company to satisfy tax withholding obligations, a value of about $134,933. The grants are awards (not open-market purchases) and the small share disposition was a routine tax-withholding event.

Key Details

• Transaction dates: Awards granted 2026-02-19 (A); shares surrendered for tax withholding 2026-02-20 (F).
• Prices/values: Awards at $0.00 (typical for RSU/PSU grants); 5,419 shares withheld at $24.90 = $134,933.
• Shares owned after transaction: Not provided in the supplied excerpt of the filing. Check the full Form 4 for post-transaction beneficial ownership.
• Footnotes: F1 = restricted stock units (RSUs); F2 = performance stock units (PSUs); F3 = shares surrendered to the issuer to pay required tax withholdings upon vesting.
• Timeliness: Form filed 2026-02-23 for transactions on Feb 19–20; filing appears to be timely.

Context RSUs and PSUs are equity awards that convert to shares upon vesting (PSUs typically vest based on performance metrics). Surrendering shares to cover taxes is a routine administrative step and does not represent a market sale for investment reasons. This filing documents an award grant (informational) and a tax-withholding disposal (administrative), not an open-market buy or sell.