MARTZ BRAD 4

What Happened

• Brad Martz, President & CEO of American Coastal Insurance Corp (ACIC), exercised/converted equity awards on May 4, 2026, resulting in the acquisition of 56,464 shares. To cover tax and exercise obligations, 22,589 shares were disposed/withheld at $11.65 each, generating $263,162 in proceeds. Additional disposals totaling 42,348 shares (various transfer/withholding events) were reported, many of which show $0.00 per-share reported value as they represent award conversions or internal withholding transfers rather than open-market sales.
• Overall reported activity on that date: 56,464 shares acquired and 64,937 shares disposed. The only cash proceeds explicitly reported were $263,162 from the 22,589-share withholding/sale at $11.65 per share.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely).
• Reported trades/prices: 22,589 shares disposed at $11.65 (F — tax withholding/payment); other disposals include 12,702; 25,404; 878; 1,756; 536; 1,072 shares with reported per-share values of $0.00, $11.31, or $11.85 depending on the line item; 56,464 shares acquired at $0.00 (M — exercise/conversion).
• Shares owned after transaction: not specified in this filing.
• Codes explained: M = exercise/conversion of derivative awards; F = shares withheld/disposed to pay exercise price or tax liability.
• Footnotes summary: Awards include restricted stock units and performance units that vest over three years (1/3 each period); performance-unit payouts can range 0%–150% based on results; dividend-equivalent units vest with the related units (see F1–F6).

Context

• This appears to be an award exercise/settlement with routine withholding to cover taxes/exercise costs (common for RSUs/options). The filing indicates conversions/exercises rather than open-market purchases; only a portion (22,589 shares) produced cash proceeds for tax/payment. No indication of a 10b5-1 plan or gift; no late filing noted.