AMERICAN FAMILY MUTUAL INSURANCE COMPANY, S.I. - 28 May 2024 Form 4 Insider Report for Bowhead Specialty Holdings Inc. (BOW)

Role
Director, Other*, 10%+ Owner
Signature
American Family Mutual Insurance Company, S.I., By: /s/ Troy Van Beek, Chief Financial Officer
Issuer symbol
BOW
Transactions as of
28 May 2024
Net transactions value
$0
Form type
4
Filing time
29 May 2024, 17:44:54 UTC
Previous filing
23 May 2024
Next filing
02 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOW Warrant to Purchase Common Stock Award $0 +56,471 +3.5% $0.000000 1,670,721 28 May 2024 Common Stock 56,471 $17.00 Direct F1, F2, F3
transaction BOW Option (right to buy) Award $0 +28,236 +3.6% $0.000000 816,471 28 May 2024 Common Stock 28,236 $17.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Warrant Agreement, dated May 23, 2024, with the Issuer.
F2 In accordance with its terms, the Warrant became exercisable for an additional 56,471 shares upon closing of the underwriters' over-allotment option on May 28, 2024.
F3 This Warrant will vest as to 20% of the total number of shares subject to the Warrant on the first, second, third, fourth and fifth anniversaries of the vesting commencement date (05/23/2024).
F4 Pursuant to a Call Option Agreement, dated May 22, 2024, with GPC Partners Investments (SPV III) LP.
F5 In accordance with its terms, the Option became exercisable for an additional 28,236 shares upon closing of the underwriters' over-allotment option on May 28, 2024.