Neptune Insurance (NP) CFO James Steiner Sells Shares

What Happened
James Steiner, CFO of Neptune Insurance Holdings Inc. (NP), sold a total of 100,000 shares in open-market dispositions: 42,988 shares on 2026-08-12 at a weighted-average price of $31.08 for proceeds of $1,335,874, and 57,012 shares on 2026-08-13 at a weighted-average price of $31.71 for proceeds of $1,807,970. Aggregate proceeds were approximately $3,143,844. These transactions are sales (liquidity/outflow events), not purchases.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-08-12 — 42,988 shares @ $31.08 = $1,335,874 (F1: prices ranged $30.74–$31.45)
  • 2026-08-13 — 57,012 shares @ $31.71 = $1,807,970 (F2: prices ranged $30.87–$32.12)
• Total shares sold: 100,000; total reported proceeds: ~$3.14M.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes: both prices are weighted averages reported over multiple trades; the filer offers to provide the per-trade breakdown on request.
• No 10b5-1 plan, gift, option exercise, or tax-withholding detail was indicated in the excerpt.
• Filing: Form 4 filed 2026-08-14 (covers trades on Aug 12–13) — filing date appears within the typical 2-business-day reporting window.

Context
These were open-market sales by an executive. Sales are common for liquidity, diversification, or other personal reasons and do not by themselves indicate company performance or insider sentiment. Purchases generally carry more weight as a bullish signal; this filing documents routine insider selling with weighted-average price ranges disclosed.