MARTZ BRAD 4

What Happened

• Brad Martz, President & CEO of AMERICAN COASTAL INSURANCE Corp (ACIC), converted/exercised derivative awards into 32,093 shares on 2026-05-07. As part of the settlement, 12,838 shares were surrendered to cover tax withholding at $10.85/share (value $139,292). In addition, 500 shares and 998 shares were disposed at $11.31/share (values $5,655 and $11,287), totaling ~1,498 shares sold for ~$16,942. Several other conversions/disposals are reported at $0.00 per share, reflecting non-cash award settlement mechanics.
• This filing reflects the settlement of equity awards (restricted stock units/performance units and related dividend equivalents) rather than a straightforward open-market purchase. The cash-generating portion appears to be tax withholding and small sales tied to the award settlement.

Key Details

• Transaction date: 2026-05-07; Form 4 filed 2026-05-11 (filed within the usual 2-business-day window).
• Reported actions/codes: M = exercise/conversion of derivative securities; F = shares used to satisfy tax withholding/exercise price.
• Specifics reported:
  • Acquired 32,093 shares at $0.00 (conversion/exercise).
  • 12,838 shares disposed @ $10.85 (tax withholding) = $139,292.
  • 7,524 shares disposed @ $0.00; 15,048 shares disposed @ $0.00 (non-cash award settlements).
  • 500 shares disposed @ $11.31 = $5,655; 998 shares disposed @ $11.31 = $11,287.
  • Cash value from share disposals ≈ $156,234 (tax withholding + cash sales).
• Shares owned after transaction: not specified in the information provided in this summary.
• Relevant footnotes: awards represented by stock units/RSUs and performance units that vest over three years (F1–F6). Performance units may vest at 0–150% depending on performance; dividend equivalents vest with underlying awards.
• Filing timeliness: Not indicated as late; filing date is within standard 2-business-day window.

Context

• "M" entries indicate conversion/exercise of derivative awards (e.g., RSUs or performance units). The presence of an "F" entry for share disposals typically shows shares were surrendered or sold to cover tax obligations (a common settlement method rather than a market sell-off).
• For retail investors, this looks like routine executive award settlement and tax withholding rather than a discretionary large open-market sale or a purchase indicating new insider bullishness. The performance-unit footnote means some delivered shares were tied to performance goals and subject to adjustment.