Neptune Insurance: CFO James Steiner received 75,288 shares

What happened

• James Steiner, CFO, received 75,288 shares of Class A common stock as a grant of time-based restricted stock units on Sep 30, 2026 (grant price $0.00). On the same date the issuer withheld 64,777 shares to satisfy tax withholding obligations at a reported NYSE closing price of $27.35, valued at $1,771,651. The filing states no shares were sold by the reporting person (F1).

Key details

• Transaction date and prices: Sep 30, 2026 — grant 75,288 shares at $0.00; withholding 64,777 shares at $27.35 for $1,771,651 (F1).
• Shares owned after the transaction: the filing reports 357,110 shares held directly by the reporting person (F2) and includes the 75,288 shares underlying the new award (F4).
• Vesting schedules: previously granted RSUs vested as to 178,555 shares on Sep 30, 2026 with 357,110 shares remaining to vest in eight quarterly installments through Sep 30, 2028 (F2). The new RSUs vest in four quarterly installments from Dec 31, 2028 through Sep 30, 2029 (F3).
• Filing date: Form 4 filed Oct 2, 2026.
• Other notes: withholding was done by the issuer to satisfy tax obligations; no sale by the reporting person is reported (F1). Footnote F6 corrects a prior Form 4 reporting detail.

Why it may matter

• The payment was a tax withholding by the issuer rather than an open-market sale by the insider.
• The grant is subject to future vesting, so not all shares are immediately owned free of restrictions.
• A filing does not show why the insider traded or why the company acted.