Genworth Holdings, Inc. 4
4 · Enact Holdings, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Enact (ACT) 10% Owner Genworth Sells 634,953 Shares
What Happened
Genworth Holdings, Inc., a ~10% owner (owns ≈81% of Enact's outstanding common stock), sold 634,953 shares of Enact Holdings, Inc. (ACT) on 2026-01-30 at $39.37 per share for a total of $24,995,623. The sale was effected pursuant to a Share Repurchase Agreement between Enact and Genworth (dated April 30, 2025); the per-share price was determined under the agreement based on a weighted average price paid by Enact for purchases from third parties. This was a disposition (sale), not a purchase.
Key Details
- Transaction date and price: 2026-01-30 — 634,953 shares sold at $39.37 each.
- Total proceeds: $24,995,623.
- Ownership after transaction: Genworth is reported to own approximately 81% of Enact's outstanding common stock (per filing).
- Filing date: Form 4 filed 2026-02-02 (within the required filing window; not reported as late).
- Notable footnotes: Sale made pursuant to the Share Repurchase Agreement (see Enact 10-Q for quarter ended Mar 31, 2025, exhibit 10.1); price determined per agreement (weighted average method).
- Transaction type/code: Sale (S) — institutional repurchase transaction, not an executive open-market trade.
Context
This was an institutional sale under a pre-existing repurchase agreement between the company and its large shareholder, rather than a routine open-market trade by an individual insider. For retail investors, note that transactions by 10% owners reflect institutional arrangements and corporate share repurchases and may not signal typical insider buying/selling motivations.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-01-30$39.37/sh−634,953$24,995,623→ 114,588,830 total
Footnotes (3)
- [F1]The sale reported in this Form 4 was effected pursuant to a Share Repurchase Agreement between Enact Holdings, Inc. (the "Issuer") and Genworth Holdings, Inc. dated as of April 30, 2025 (the "Agreement"). A copy of the Agreement can be found as exhibit 10.1 to the Issuer's Form 10-Q for the quarterly period ended March 31, 2025, on the SEC's website at: https://www.sec.gov/Archives/edgar/data/1823529/000182352925000124/enact-genworthrepurchaseag.htm.
- [F2]Represents a price per share determined pursuant to the terms of the Agreement, based on a weighted average price paid by the Issuer for purchases from third-parties.
- [F3]Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock of the Issuer.