Neptune Insurance (NP) CFO James Steiner Sells 100,000 Shares

What Happened

• James Steiner, Chief Financial Officer of Neptune Insurance Holdings (NP), sold a total of 100,000 shares in open-market transactions: 42,988 shares on Aug 12, 2026 and 57,012 shares on Aug 13, 2026. Proceeds totaled $3,143,844 (≈ $1.34M on Aug 12 and ≈ $1.81M on Aug 13). These were outright sales (transaction code S), not purchases or option exercises.

Key Details

• Transaction dates & reported weighted-average prices:
  • Aug 12, 2026: 42,988 shares at weighted avg $31.08 (prices ranged $30.74–$31.45) — proceeds $1,335,874. (Footnote F1)
  • Aug 13, 2026: 57,012 shares at weighted avg $31.71 (prices ranged $30.87–$32.12) — proceeds $1,807,970. (Footnote F4)
• Total shares sold: 100,000; total proceeds: $3,143,844.
• Filing/Amendment: Original Form 4 was filed Aug 14, 2026. This Form 4/A (filed Sep 16, 2026) amends the earlier filing solely to correct the number of shares reported by adding 535,665 shares underlying previously disclosed restricted stock units (RSUs). No other changes to the originally reported sale transactions. (Footnote F3)
• Shares/RSUs: The amendment confirms inclusion of 535,665 RSUs. Those RSUs vest as to 178,555 shares on Sep 30, 2026 and the remaining 357,110 shares in eight quarterly installments through Sep 30, 2028, subject to continued service. (Footnote F2)
• No 10b5‑1 plan, tax-withholding sale, or derivative exercises are disclosed in this filing.

Context

• These were open-market sales by the CFO and do not, by themselves, indicate the insider’s view of company prospects. Insiders sell for many reasons (liquidity, diversification, taxes, planned transfers); the filing does not state the reason. The amendment corrects reporting of outstanding RSUs and does not change the transaction details.