Moura Timothy 4
4 · Heritage Insurance Holdings, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Heritage Insurance (HRTG) President Timothy Moura Sells Shares
What Happened
Timothy Moura, President of Narragansett Bay Insurance Company (a subsidiary of Heritage Insurance Holdings, HRTG), sold a total of 29,133 HRTG shares in open-market transactions on March 19, 2026 for aggregate proceeds of approximately $775,760. The filing reports two disposals: 28,223 shares for a weighted average of $26.60 (proceeds ~$750,802) and 910 shares for a weighted average of $27.43 (proceeds ~$24,958). These sales were effected under a previously adopted Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-03-19 (open-market sales)
- Lots & prices:
- 28,223 shares at a weighted average price of $26.60 (price range $26.23–$27.2214) — ~$750,802
- 910 shares at a weighted average price of $27.43 (price range $27.2998–$27.6431) — ~$24,958
- Total shares sold: 29,133; total proceeds: ≈ $775,760
- Plan: Sales executed pursuant to a Rule 10b5-1 plan adopted November 25, 2025 (footnote confirms plan)
- Price detail: Footnotes state the reporting person can provide a full breakdown of number of shares sold at each separate price upon request
- Shares owned after transaction: not specified in this Form 4
- Filing date/timeliness: Form filed 2026-03-23 (within the two-business-day Form 4 deadline for a 2026-03-19 transaction)
Context
These are outright sales (code S) under a pre-set 10b5-1 plan, which is a common way insiders sell shares on a pre-scheduled basis and is generally treated as routine rather than a direct signal of changed sentiment. The filing is factual and does not state motives; retail investors should note the sales were pre-planned and the reporting person can provide detailed per-price breakdowns if needed.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-19$26.60/sh−28,223$750,802→ 211,445 total - Sale
Common Stock
[F1][F3]2026-03-19$27.43/sh−910$24,958→ 210,535 total
Footnotes (3)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted on November 25, 2025.
- [F2]Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction range from $26.23 to $27.2214 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- [F3]Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction range from $27.2998 to $27.6431 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.