Genworth Holdings, Inc. 4
4 · Enact Holdings, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Enact (ACT) 10% Owner Genworth Sells 820,567 Shares
What Happened Genworth Holdings, Inc. (identified as a 10%+ beneficial owner; filing notes it owns ~81% of Enact's outstanding shares) sold 820,567 shares of Enact Holdings, Inc. (ACT) on 2026-03-31 at $40.92 per share, for a total reported value of $33,579,571. The sale was effected pursuant to a Share Repurchase Agreement between Enact and Genworth dated February 2, 2026.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
- Shares sold: 820,567 at $40.92 per share; total proceeds: $33,579,571.
- Method: Sale to Issuer under a Share Repurchase Agreement (see Issuer Form 8‑K, exhibit 99.4).
- Price note: Per filing, the $40.92 price was determined under the Agreement based on a weighted average price paid by the Issuer for purchases from third parties.
- Ownership after transaction: Filing states Genworth owns approximately 81% of Enact’s common stock (footnote).
- Transaction code: S = Sale (institutional/major shareholder transaction, not an officer/director buy).
Context This was a private sale pursuant to a repurchase agreement (the company bought shares from its large shareholder), not a routine open-market sale by an individual insider. Because Genworth is a large institutional/majority shareholder rather than an Enact executive, the filing reflects a corporate share-repurchase arrangement rather than an individual trading signal.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-31$40.92/sh−820,567$33,579,571→ 113,369,532 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.