Sills Stephen Jay 4

What Happened Stephen Jay Sills, CEO, President and Director of Bowhead Specialty Holdings (BOW), reported a series of gift transactions (code G) on March 12–13, 2026. The Form 4 shows gift dispositions totaling 127,700 shares and gift acquisitions totaling 129,240 shares, all reported at $0.00 per share. Net effect of these transfers was an increase of 1,540 shares held by Sills (no cash changed hands).

Key Details

• Insider: Stephen Jay Sills — CEO, President, Director
• Filing date: 2026-03-13; Reported period: 2026-03-12 (no late filing indicated)
• Transactions:
  • 2026-03-12: Gift disposed 7,700 shares @ $0.00
  • 2026-03-12: Six gifts acquired 1,540 shares each (total 9,240) @ $0.00
  • 2026-03-13: Gift disposed 120,000 shares @ $0.00
  • 2026-03-13: Gift acquired 120,000 shares @ $0.00
• Totals: Disposed 127,700 shares; Acquired 129,240 shares; Net +1,540 shares
• Shares owned after transaction: not specified in the provided filing excerpt
• Transaction code: G = Gift; reported price/value = $0.00
• No 10b5-1, tax-withholding, or other footnotes disclosed in the provided data

Context Gifts are transfers (often to family members, trusts, or for estate planning) and do not necessarily reflect the insider’s view of the company’s stock price. Because these were gift transactions with no cash paid, they are not the same as market purchases (which some investors view as a stronger bullish signal). Retail investors should treat this as an administrative transfer rather than an actionable endorsement.