Heritage Insurance (HRTG) CEO Ernie Garateix Sells Shares

What Happened
Ernie J. Garateix, CEO of Heritage Insurance Holdings, sold a total of 10,000 shares of HRTG in open-market transactions — 5,000 shares on Aug 17, 2026 and 5,000 shares on Aug 18, 2026. The trades were executed at weighted-average prices of $34.31 and $34.55, generating proceeds of approximately $171,550 and $172,725 respectively (about $344,275 combined). These were sales (not purchases), which are often routine insider liquidity events.

Key Details

• Transaction dates and prices:
  • Aug 17, 2026: 5,000 shares sold, weighted average price $34.31 (range reported $34.30–$34.32) — proceeds ≈ $171,550.
  • Aug 18, 2026: 5,000 shares sold, weighted average price $34.55 (range reported $34.50–$34.59) — proceeds ≈ $172,725.
• Shares owned after transaction: Not specified in the provided data; filing notes the aggregate shares sold represent less than 1% of the reporting person’s holdings (Footnote F1).
• Footnotes: F2 and F3 state the price ranges for the respective sales and that exact per-price quantities can be provided on request.
• 10b5-1 plan status: The CEO’s prior 10b5-1 trading plan (adopted June 13, 2025) was terminated May 20, 2026; last sales under that plan occurred April 20, 2026 — these August trades were outside that plan.
• Filing timeliness: Form 4 was filed Aug 19, 2026 reporting trades on Aug 17–18; this appears to be filed within the usual two-business-day window.

Context
These transactions are straightforward open-market sales (Form 4 code S). Sales can reflect routine liquidity needs and, by themselves, do not indicate the CEO’s view of the company’s prospects. The filing’s footnotes provide additional pricing detail if needed.