Gupta Rohit 4

What Happened
Rohit Gupta, President, CEO and Director of Enact Holdings (ACT), had restricted stock units (RSUs) vest and convert into 31,762 shares on February 9, 2026. The company withheld 10,348 of those shares to cover tax withholding at $42.39 per share, yielding tax withholding proceeds of $438,652. The RSUs converted 1:1 into common stock; no cash purchase was made.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026.
• Vested/converted: 31,762 shares (reported as derivative conversion).
• Tax withholding: 10,348 shares withheld at $42.39 per share = $438,652.
• Net shares delivered to Gupta: 31,762 − 10,348 = 21,414 shares (issued to him after withholding).
• Implied market value of the full vested block (using $42.39) ≈ $1.35M.
• Footnotes: F1 — RSUs settle 1:1 into common stock; F2 — company withheld shares for tax withholding; F3 — RSUs vest in three equal annual installments beginning Feb 9, 2024.
• Shares owned after the transaction: not specified in the filing.
• Timeliness: filing shows standard reporting (no late filing flag).

Context
This transaction is a routine vesting of equity compensation rather than an open‑market purchase or sale. The derivative entries reflect RSUs converting into common stock; the withholding of shares to cover taxes is a common administrative action and not a market sale for cash proceeds (other than the tax withholding amount).