Castle Svetlana 4

What Happened

• Svetlana Castle, Chief Financial Officer of American Coastal Insurance Corp (ACIC), exercised or converted derivatives on April 3, 2026, resulting in the acquisition of 9,829 shares and multiple related dispositions.
• The filing shows 9,829 shares acquired at $0.00 (conversion/exercise) and total disposals of 11,305 shares. Of the disposals, 3,934 shares were surrendered/paid for tax liability at $10.97 (value $43,156). Other disposed lots included small sales or surrenders at prices of $11.31 and $11.85 (combined additional value ≈ $8,521), bringing the reported cash value of disposals to about $51,677.
• This appears to be an exercise/conversion with shares withheld or disposed to cover taxes and related settlement activity — a routine insider transaction rather than an open-market buy.

Key Details

• Transaction date: 2026-04-03; Form 4 filed 2026-04-07 (filed within the standard two-business-day window).
• Prices reported: conversions at $0.00; tax withholding/partial dispositions at $10.97, $11.31 and $11.85.
• Shares acquired (conversion/exercise): 9,829. Shares disposed (total): 11,305. Net change in holdings not specified in the filing.
• Notable footnotes: F1–F6 describe stock units, restricted/performance units, vesting schedules, and dividend-equivalent treatment (e.g., units convert to shares, vesting over three years, performance units may pay 0–150% of target).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (i.e., shares withheld/surrendered).

Context

• For retail investors: exercises and conversions followed by share withholding/sales to cover taxes are common and typically routine corporate compensation settlements rather than directional bets on the stock. The filing indicates shares were used to satisfy tax obligations and other settlement actions rather than a straightforward open-market sale for personal cash proceeds.