Neptune Insurance (NP) CFO Steiner James Transfers 400,000 Shares

What Happened

• Neptune Insurance CFO James Steiner reported a same-day transfer on Sept 9, 2026 moving 400,000 shares of Class A common stock into a revocable trust of which he is sole grantor, trustee and current beneficiary. The transfer was for no consideration, so no price per share or cash value is reported. The filing is an amendment to correct previously omitted holdings (see Key Details).

Key Details

• Transaction date: September 9, 2026. Report amended on September 16, 2026 to correct holdings previously reported on Sept 10, 2026.
• Transaction type/code: Other acquisition/disposition (Code J) — transfer between accounts (no sale or purchase).
• Shares moved: 400,000 shares transferred into a revocable trust; same 400,000 shown as disposed and acquired (effectively a change in form, not ownership).
• Price/Value: No consideration reported (footnote: shares transferred for no consideration).
• Shares owned after transaction: Total beneficial ownership unchanged at 4,284,715 shares of Class A common stock immediately before and after the transfer.
• Correction/Amendment: This Form 4/A corrects an earlier filing by adding 535,665 shares underlying previously reported time-based restricted stock units (RSUs) that were inadvertently omitted. Those RSUs vest as follows: 178,555 shares on Sept 30, 2026 and the remaining 357,110 shares in eight quarterly installments through Sept 30, 2028, subject to continued service.
• Timeliness: The original Form 4 was filed Sept 10, 2026 (one business day after the transaction). This filing is an amendment to correct the reported holdings.

Context

• Transfers into a revocable trust where the insider remains the sole beneficiary/trustee typically do not change the insider’s economic interest and are administrative in nature, not a market sentiment signal. The amended filing simply corrects the reported number of shares by including previously omitted RSUs; it does not indicate a purchase or sale.