Castle Svetlana 4

What Happened
Svetlana Castle, CFO of American Coastal Insurance Corp (ACIC), reported multiple equity conversions/exercises on May 7, 2026. The filing shows she acquired 8,826 shares through conversion/exercise of derivative awards. The filing also lists dispositions totaling 10,151 shares; 3,944 of those shares were surrendered/sold for cash proceeds of $42,981 (including 3,532 shares withheld to cover tax liability for $38,322), while 6,207 shares are shown as disposed at $0 (no cash proceeds reported). These transactions reflect award vesting/conversion and tax withholding rather than an open-market purchase.

Key Details

• Transaction date: May 7, 2026; Form filed May 11, 2026.
• Acquired via exercise/conversion (Code M): 8,826 shares @ $0.00 (no cash paid).
• Disposed (total): 10,151 shares comprised of:
  • 3,532 shares withheld/sold for taxes @ $10.85 = $38,322 (Code F).
  • 137 shares disposed @ $11.31 = $1,549; 275 shares disposed @ $11.31 = $3,110.
  • 2,069 and 4,138 shares listed as disposed @ $0 (no proceeds).
• Cash proceeds reported: $42,981 (from the non-zero-price dispositions).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: awards include restricted stock units and performance units that vest over three years (one-third per period); performance payouts may range from 0%–150% depending on results; dividend equivalent units vest with the underlying awards. The F-code indicates shares were used to satisfy tax withholding.

Context
These entries appear to reflect the scheduled vesting/conversion of equity awards (RSUs/PSUs) and customary tax withholding, not an open-market buy or discretionary sale. Several disposition lines show $0 proceeds, consistent with internal settlement/withholding mechanics rather than market sales. This is routine executive equity settlement activity; it is factual reporting of award conversion and tax withholding, not an explicit endorsement or rejection of company stock.