Adler Brooke 4

4 · AMERICAN COASTAL INSURANCE Corp · Filed Apr 7, 2026

AI-generated summary of this filing

Updated Apr 7, 2026

AMERICAN COASTAL INSURANCE (ACIC) Secretary Adler Brooke Exercises Options

What Happened

Adler Brooke, Secretary of American Coastal Insurance Corp (ACIC), exercised or converted 12,509 derivative units into shares on 2026-04-03 (reported as acquired at $0.00 per share). To satisfy tax withholding, 3,712 shares were surrendered at $10.97 per share for $40,721. Additional disposals tied to the conversion/exercise were reported: 5,627 and 2,813 shares (each reported with $0 proceeds) and smaller cash disposals (195 @ $11.31 = $2,205; 119 @ $11.85 = $1,410; 389 @ $11.31 = $4,400; 238 @ $11.85 = $2,820). Reported cash proceeds for the nonzero-priced disposals total $51,556; several conversions/disposals were reported with $0 proceeds.

Key Details

Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (filed within the usual two business-day window).
Primary codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).
Shares acquired via conversion/exercise: 12,509 at $0.00 per share (per filing).
Shares disposed/surrendered: total reported disposals sum to 13,093 shares (including 3,712 withheld for taxes); nonzero cash proceeds reported total $51,556.
Shares owned after the transaction: not specified in the provided excerpt.
Relevant footnotes: F1–F6 describe that stock units represent conditional rights to common stock, vesting schedules over three years (one-third periods), performance units may deliver 0%–150% of target shares depending on performance, and dividend equivalents vest with the underlying awards.

Context

These entries reflect conversion/exercise of equity awards and routine withholding to cover tax obligations rather than an open-market purchase or sale driven by market timing. When equity awards are converted, companies commonly withhold or sell shares to satisfy tax withholding (a cashless/withholding settlement). The filing contains a mix of zero‑proceeds conversions and cash disposals associated with that settlement and award conversion.

Form 4

Period: 2026-04-03

Secretary

Transactions

Exercise/Conversion
Common Stock
2026-04-03+12,509→ 98,995 total
Tax Payment
Common Stock
2026-04-03$10.97/sh−3,712$40,721→ 95,283 total
Exercise/Conversion
Performance Stock Units
[F1][F2][F3]
2026-04-03−5,627→ 32,009 total
→ Common Stock (5,627 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-04-03−2,813→ 16,005 total
→ Common Stock (2,813 underlying)
Exercise/Conversion
Dividend Equivalent Units
[F1][F5]
2026-04-03$11.31/sh−195$2,205→ 1,084 total
→ Common Stock (195 underlying)
Exercise/Conversion
Dividend Equivalent Units
[F1][F5]
2026-04-03$11.85/sh−119$1,410→ 341 total
→ Common Stock (119 underlying)
Exercise/Conversion
Dividend Equivalent Units
[F1][F6]
2026-04-03$11.31/sh−389$4,400→ 2,168 total
→ Common Stock (389 underlying)
Exercise/Conversion
Dividend Equivalent Units
[F1][F6]
2026-04-03$11.85/sh−238$2,820→ 682 total
→ Common Stock (238 underlying)

Footnotes (6)

[F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
[F2]The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
[F3]The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
[F4]The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
[F5]The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate.
[F6]The dividend equivalent units will vest proportionately with the underlying performance stock units to which they relate.

Signature

/s/ Alexander Baty, Attorney-in-Fact for Brooke Adler|2026-04-07

1 file