Burgess Trevor R 4
Research Summary
AI-generated summary
Neptune Insurance (NP) 10% Owner Trevor Burgess Buys 50,000 Shares
What Happened
- Trevor R. Burgess, listed as a 10% owner of Neptune Insurance Holdings Inc. (NP), reported an acquisition of 50,000 shares on 2026-03-13. The shares were acquired at $18.71 per share, for a total reported value of approximately $935,345. The transaction type is reported as a purchase (code P), an open-market or private purchase per the filing.
Key Details
- Transaction date: 2026-03-13
- Price per share: $18.71
- Shares acquired: 50,000
- Total value: $935,345 (approx.)
- Transaction code: P (purchase; open market or private purchase)
- Shares owned after transaction: Not stated in the provided filing
- Filing date / timeliness: Report filed 2026-03-13 (same day), indicating a timely report in this record
- No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the provided data
Context
- As a 10% owner (not an executive role), Burgess is a principal shareholder; such purchases reflect insider buying by a significant holder but do not necessarily indicate management-level sentiment. Purchases are often watched by investors as a potentially bullish signal, though the filing itself does not disclose motivation.