Neptune Insurance: CEO Trevor R Burgess received 480,544 shares

What happened Trevor R Burgess, CEO, had 254,836 shares of Class A Common Stock withheld by the issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units on Sep 30, 2026; the filing reports a price of $27.35 and a value of $6,969,765. The filing also reports a grant of 480,544 shares (time-based restricted stock units) on Sep 30, 2026, acquired at $0.00.

Key details

• Transaction date(s) and price(s): Sep 30, 2026 — 254,836 shares withheld (F, disposed) at $27.35 for $6,969,765; Sep 30, 2026 — 480,544 shares granted (A) at $0.00.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes that matter:
  • F1: the 254,836 shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations; no shares were sold by the reporting person; the $27.35 is the NYSE closing price on Sep 30, 2026.
  • F2: the filing includes 1,321,976 shares underlying an amended award of time-based restricted stock units that remain held directly by the reporting person; 660,988 shares vested on Sep 30, 2026 and the remaining 1,321,976 vest in eight quarterly installments of 165,247 shares through Sep 30, 2028.
  • F3: the newly granted restricted stock units (480,544) vest in four quarterly installments of 120,136 shares each on the last day of each calendar quarter from Dec 31, 2028 through Sep 30, 2029, subject to continuous service.
  • F4: identifies that the 480,544 shares reported on this Form 4 are the shares underlying the new award.
• Filing timeliness: not indicated in the provided excerpt.

Why it may matter

• The 254,836-share disposition was an issuer tax withholding to satisfy tax obligations on vesting, and the filing states no shares were sold by the reporting person.
• The 480,544-share entry represents a grant of time-based restricted stock units that vest in quarterly installments from Dec 31, 2028 through Sep 30, 2029.
• The filing notes that shares received on settlement of these restricted stock units may be exchanged into Class B Common Stock as described in the footnotes. This filing does not show why the insider traded or why the company acted.