Gupta Rohit 4

What Happened
Rohit Gupta, President, CEO and a director of Enact Holdings (ACT), had restricted stock units (RSUs)/derivatives convert and/or be exercised in mid-February 2026. On Feb 13, 2026 Gupta was granted 38,092 RSU-type awards (derivative grant). On Feb 17, 2026 18,771 derivative units were converted/exercised into common stock. To satisfy tax withholding obligations related to vested RSUs, the company withheld 8,155 shares and reported the withholding at an effective price of $43.29, totaling $353,030. The transactions recorded are award/grant (A), conversion/exercise (M) and tax withholding (F).

Key Details

• Transaction dates: grant reported 2026-02-13; conversions/exercises and withholding reported 2026-02-17; Form 4 filed 2026-02-18.
• Shares and values: 38,092 RSUs granted (0 strike); 18,771 derivative units exercised/converted; 8,155 shares withheld to cover taxes at $43.29 per share = $353,030.
• Footnotes: F1 = each RSU settles 1:1 into common stock; F2 = shares were withheld to satisfy tax withholding for RSUs that vested on Feb 16, 2026 based on closing price on Feb 13, 2026; F3/F4 = notes on multi-year vesting schedules for certain RSU grants.
• Transaction types: A = award/grant, M = exercise/conversion of derivative, F = tax withholding (not an open-market sale).
• Shares owned after the transactions were not provided in the summary here—see the company's Form 4 for the post-transaction beneficial ownership total.
• Filing: Form 4 was filed Feb 18, 2026, reporting transactions through Feb 17; the Feb 17 items were reported within the typical two-business-day window.

Context

• This activity appears to be grant vesting/conversion and routine tax withholding rather than an open-market sale. Withholding to cover taxes is common and generally not a directional trading signal.
• For clarity: “exercise/conversion” here refers to conversion of RSUs/derivative awards into shares; the withheld shares were used to satisfy tax obligations (cashless/net settlement), not sold on the open market by the CEO.
• Retail investors tracking insider buys should weigh purchases more heavily; routine withholding or vesting transactions are typically administrative.