Enact (ACT) 10% Owner Genworth Sells 687,379 Shares

What Happened

• Genworth Holdings, Inc. (reported as a 10% owner that owns ~81% of Enact) sold 687,379 shares of Enact Holdings, Inc. (ACT) on 2026-08-31.
• The reported price was $49.40 per share for a total of $33,953,773. The sale was effected pursuant to a Share Repurchase Agreement between Enact and Genworth (i.e., the issuer repurchased the shares from Genworth). This is a sale (S) rather than a purchase — sales are often routine or liquidity events and don’t necessarily signal a change in company fundamentals.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (timely).
• Price per share: $49.40; shares sold: 687,379; total value: $33,953,773 (~$33.95M).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: Sale was effected under a Share Repurchase Agreement dated Feb 2, 2026 (see exhibit 99.4 to Enact’s Form 8‑K filed Feb 3, 2026: https://www.sec.gov/Archives/edgar/data/1823529/000182352926000003/february2026genworthenacts.htm). Price was determined per the agreement based on a weighted average price of issuer purchases from third parties.
• Transaction code: S = Sale. Filing shows no late-report flag.

Context

• This was an institutional/majority-owner transaction (Genworth is the controlling shareholder), not an individual executive trade — such transactions often reflect ownership management or liquidity arrangements rather than insider sentiment.
• Because the sale was to the issuer under an agreed repurchase program, it differs from an open-market sale to unrelated buyers; the contract determined the price.