Sean P. Downes - Mar 29, 2023 Form 4 Insider Report for UNIVERSAL INSURANCE HOLDINGS, INC. (UVE)

Role
Director
Signature
/s/ Sean Downes
Stock symbol
UVE
Transactions as of
Mar 29, 2023
Transactions value $
-$372,036
Form type
4
Date filed
3/31/2023, 06:58 PM
Previous filing
Dec 16, 2022
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UVE Common Stock Sale -$188K -10K -0.74% $18.83 1.35M Mar 29, 2023 Direct F1
transaction UVE Common Stock Sale -$184K -10K -0.74% $18.37 1.34M Mar 30, 2023 Direct F2
transaction UVE Common Stock Award $0 +27.4K +2.05% $0.00 1.37M Mar 30, 2023 Direct F3
holding UVE Common Stock 18K Mar 29, 2023 By Children
holding UVE Common Stock 2K Mar 29, 2023 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.76 to $18.93, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.23 to $18.90, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).
F3 Each restricted stock unit ("RSU") represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 9,128 restricted shares vest on March 30, 2024; (b) 9,127 restricted shares vest on March 30, 2025; and (c) 9,127 restricted shares vest on March 30, 2026.