Talach David George Paul 4

What Happened
Talach David George Paul, a non‑employee director of Accelerant Holdings (ARX), was granted 23,316 restricted stock units (RSUs) on May 13, 2026. The award is recorded at $0.00 per unit (an RSU is a contingent right to receive one Class A share on settlement), so no cash was paid. This was an equity award as part of director compensation, not an open‑market purchase or sale.

Key Details

• Transaction type: Award/Grant (Form 4 code A) of 23,316 RSUs on 2026-05-13 at $0.00 per RSU.
• Filing: Form 4 filed with the SEC on 2026-05-15 (timely; within the required reporting window).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Half the RSUs (11,658) are a one‑time award tied to the director appointment and vest in three equal installments on each anniversary of the grant; the other half (11,658) is an annual award that vests in full on the one‑year anniversary. Each RSU converts to one Class A common share upon settlement.

Context
RSUs are compensation that become actual shares only when they vest and are settled; until then they do not represent immediate voting rights or transferable shares. Grants to non‑employee directors are common as routine compensation and do not by themselves indicate buying or selling sentiment.