Rajeh Maamoun 4

What Happened

• Rajeh Maamoun, President of Arch Capital Group Ltd. (ACGL), exercised stock options to acquire a total of 47,430 shares (two exercises) and sold 47,430 shares in the open market on Feb 11, 2026.
• Exercise details: 15,930 shares at $27.09 each ($431,491) and 31,500 shares at $27.13 each ($854,595), for a total cash outlay of $1,286,086 to exercise options.
• Sale details: 47,430 shares sold at a weighted average price of $96.12, generating proceeds of $4,558,858.
• The filing also shows derivative dispositions reported at $0.00, which reflect the options being exercised (the derivative instruments were surrendered upon exercise).

Key Details

• Transaction date: February 11, 2026.
• Exercise (code M): 15,930 @ $27.09 ($431,491) and 31,500 @ $27.13 ($854,595).
• Sale (code S): 47,430 @ weighted avg $96.12 = $4,558,858. (Footnote F1: sale prices ranged from $95.71 to $96.68.)
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes: F1 explains the reported sale price is a weighted average across multiple trades; F2 and F3 describe the original option vesting schedules (installments in 2018–2020).
• Filing timeliness: Reported period 2026-02-11, filed 2026-02-13 — no late filing indicated.

Context

• This was effectively a cashless exercise and immediate sale: options were exercised (M) and the underlying shares were sold (S) the same day, which is commonly used to cover exercise costs, tax withholding, or realize gains.
• Such insider sales are routine liquidity events and do not by themselves indicate the insider’s view on the company’s prospects.