Yap Shirley Shek Li 4

What Happened Yap Shirley Shek Li, Chief Accounting Officer of Bowhead Specialty Holdings (BOW), was granted 9,826 restricted stock units (RSUs) on 2026-02-19. Following the vesting event, 524 shares were surrendered to the company on 2026-02-20 to satisfy required tax withholdings at a reported value of $24.90 per share, totaling $13,048. The RSU grant itself is an award (not a market purchase), and the share surrender was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transactions reported: 2026-02-19 (Grant/Award — 9,826 RSUs, $0.00 reported price) and 2026-02-20 (Tax withholding — 524 shares disposed at $24.90, total $13,048).
• Transaction codes: A = Award/Grant (RSUs); F = Tax withholding (shares surrendered).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-23; timing appears to be within the SEC’s two-business-day filing window (no late filing indicated).

Context RSU grants are a form of compensation and do not by themselves signal a buy or sell intent in the open market. The 524-share disposition was a routine, non-market transaction where the issuer retained shares to cover tax withholding upon RSU vesting (commonly called a “share surrender” or cashless tax settlement). Such withholding transactions are common and typically reflect payroll tax obligations rather than a decision to realize investment gains.