Moura Timothy 4

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.