Adler Brooke 4
4 · AMERICAN COASTAL INSURANCE Corp · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
American Coastal (ACIC) Secretary Brooke Adler Exercises Options, Sells Shares
What Happened
Brooke Adler, Secretary of American Coastal Insurance Corp (ACIC), converted/exercised derivative awards on May 7, 2026, resulting in a total of 19,659 underlying shares. Of those, 11,234 shares were retained (acquired at $0.00) and 8,425 shares were disposed. The filing shows 2,737 shares were sold/withheld to cover taxes at $10.85 for $29,696, plus sales of 175 shares and 349 shares at $11.31 for $1,979 and $3,947 respectively — total proceeds reported of about $35,622.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
- Activity: Multiple exercises/conversions of derivative awards (transaction code M) and a tax withholding/disposition (code F).
- Shares involved: 19,659 underlying shares from exercises/conversions; 11,234 retained, 8,425 disposed.
- Cash amounts: 2,737 shares withheld for taxes at $10.85 = $29,696; other disposals (175 @ $11.31 = $1,979; 349 @ $11.31 = $3,947); total proceeds ≈ $35,622.
- Footnotes: Awards include stock units, restricted stock units (vest over 3 years), performance units (vesting over 3 years; payout may be 0%–150% of target), and dividend equivalent units that vest with the underlying awards.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Filing date is May 11, 2026 for a May 7, 2026 transaction; no late-filing indicator was provided.
Context
- These transactions largely reflect award vesting/conversion and related tax withholding rather than an open-market buy decision. The presence of $0.00 exercise prices indicates vesting/conversion of RSUs/stock units rather than paying cash to exercise options.
- Sales to cover taxes (code F) are routine when equity awards vest and do not necessarily signal a view on the company’s stock.
Insider Transaction Report
Form 4
Adler Brooke
Secretary
Transactions
- Exercise/Conversion
Common Stock
2026-05-07+11,234→ 124,108 total - Tax Payment
Common Stock
2026-05-07$10.85/sh−2,737$29,696→ 121,371 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-07−2,634→ 8,079 total→ Common Stock (2,634 underlying) - Exercise/Conversion
Performance Stock Units
[F1][F3][F4]2026-05-07−5,267→ 16,157 total→ Common Stock (5,267 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F5]2026-05-07$11.31/sh−175$1,979→ 543 total→ Common Stock (175 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F6]2026-05-07$11.31/sh−349$3,947→ 1,087 total→ Common Stock (349 underlying)
Footnotes (6)
- [F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
- [F2]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.
- [F3]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.
- [F4]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.
- [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|2026-05-11