Neptune Insurance: President & chief risk officer Matthew Paul Duffy received 191,896 shares

What happened

• Matthew Paul Duffy, president & chief risk officer (positions held at a subsidiary), had 191,896 restricted stock units granted (acquired) and 98,381 shares withheld by the issuer to satisfy tax withholding obligations (disposed) on Sep 30, 2026.
• The withheld shares were reported at $27.35 per share for a total of $2,690,720; the RSU grant is reported at $0.00.

Key details

• Transaction date(s) and price(s): Sep 30, 2026 — 98,381 shares withheld at $27.35 (disposed) = $2,690,720; Sep 30, 2026 — 191,896 RSUs granted at $0.00 (acquired) = $0.
• Shares owned after the transaction: the filing excerpt does not state a total beneficial ownership number after these transactions.
• Relevant footnotes from the filing:
  • F1: Shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations in connection with RSU vesting on Sep 30, 2026; no shares were sold by the reporting person.
  • F2: Includes 527,902 shares underlying an amended time-based RSU award that remain held directly; 263,951 RSUs vested on Sep 30, 2026 and the remaining 527,902 shares vest in eight quarterly installments through Sep 30, 2028, subject to continued service.
  • F3: The 191,896 RSUs granted on Sep 30, 2026 vest in four quarterly installments of 47,974 shares each from Dec 31, 2028 through Sep 30, 2029, subject to continued service.
  • F4: Confirms the 191,896 shares underlying the award reported on this Form 4.
• Filing date: filed Oct 2, 2026.

Why it may matter

• The disposal reported here was a tax withholding (code F) tied to RSU vesting, not a market sale by the reporting person.
• The newly granted RSUs vest over future quarterly schedules described in the footnotes.
• A filing does not show why the insider traded or why the company acted.