Enact (ACT) 10% Owner Genworth Sells 523,226 Shares

What Happened
Genworth Holdings, Inc., identified as a 10% owner (and reported to own ~81% of outstanding shares), sold 523,226 shares of Enact Holdings, Inc. common stock on July 31, 2026. The shares were sold at $45.92 per share for total proceeds of $24,026,119. The sale was effected pursuant to a Share Repurchase Agreement between Enact and Genworth dated February 2, 2026.

Key Details

• Transaction date and price: 2026-07-31 — 523,226 shares at $45.92 each = $24,026,119.
• Transaction type/code: Sale (S); reported as open market or private sale but effected under the Share Repurchase Agreement (see Form 8-K filed Feb 3, 2026, Exhibit 99.4).
• Price determination: Per the agreement, price per share was based on a weighted average price paid by Enact for purchases from third parties.
• Shares owned after transaction: Genworth is reported to own approximately 81% of Enact’s outstanding common stock.
• Filing timeliness: Form 4 was filed on 2026-08-03 for a 2026-07-31 transaction; this appears to be within the standard two-business-day filing window (i.e., timely).
• Nature of insider: This is an institutional/majority-holder transaction (10% owner), not an individual executive trade.

Context
The sale was performed under a preexisting repurchase agreement between Enact and Genworth rather than a simple unilateral open-market sale. For retail investors: purchases by insiders often carry clearer bullish signals than routine sales; this transaction documents a contractual disposition by a controlling shareholder rather than a typical executive stock sale.