Genworth Holdings, Inc. 4
4 · Enact Holdings, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Enact (ACT) Major Holder Genworth Sells 398,731 Shares
What Happened
Genworth Holdings, Inc. — reported on the form as a significant holder of Enact Holdings, Inc. (ACT) — sold 398,731 shares on February 27, 2026 at a reported price of $42.19 per share, for a total value of $16,823,537. The sale was effected pursuant to a Share Repurchase Agreement between Enact and Genworth, not an ordinary open-market disposal.
Key Details
- Transaction date: 2026-02-27; Filing date: 2026-03-02. The Form 4 was filed on March 2, 2026 (no late filing indicated).
- Transaction type/code: Sale (S).
- Shares sold: 398,731 at $42.19 per share; proceeds reported: $16,823,537.
- Sale mechanics: Effected under a Share Repurchase Agreement dated Feb 2, 2026 (see issuer’s Form 8-K, exhibit 99.4).
- Price determination: Per footnote, the $42.19 price was set under the Agreement based on a weighted average price the issuer paid to third parties.
- Ownership after transaction: The Form notes Genworth as a substantial holder; footnote states Genworth owns approximately 81% of Enact’s outstanding common stock. Exact post-transaction share count is not specified in the supplied data.
- Nature of holder: Institutional/major shareholder (not an executive officer).
Context
This was a structured sale under a repurchase agreement between Enact and its large shareholder, meaning the company bought back shares from Genworth rather than a routine open-market transaction. Such transactions are generally corporate capital-structure actions rather than direct signals about day-to-day insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-02-27$42.19/sh−398,731$16,823,537→ 114,190,099 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 February 2, 2026 (the "Agreement"). A copy of the Agreement can be found as exhibit 99.4 to the Issuer's Form 8-K filed on February 3, 2026, on the SEC's website at: https://www.sec.gov/Archives/edgar/data/1823529/000182352926000003/february2026genworthenacts.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.