Michael P. Kehoe - 24 Aug 2023 Form 4 Insider Report for Kinsale Capital Group, Inc. (KNSL)

Signature
/s/ Amanda E. Viol, as attorney-in-fact
Issuer symbol
KNSL
Transactions as of
24 Aug 2023
Net transactions value
-$2,589,750
Form type
4
Filing time
28 Aug 2023, 16:15:25 UTC
Previous filing
05 Jun 2023
Next filing
06 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNSL Common Stock, par value $0.01 per share Options Exercise $48,000 +3,000 +0.97% $16.00* 311,117 24 Aug 2023 Direct
transaction KNSL Common Stock, par value $0.01 per share Sale $92,455 -247 -0.08% $374.31 310,870 24 Aug 2023 Direct F1, F2
transaction KNSL Common Stock, par value $0.01 per share Sale $766,742 -2,041 -0.66% $375.67 308,829 24 Aug 2023 Direct F1, F3
transaction KNSL Common Stock, par value $0.01 per share Sale $144,580 -384 -0.12% $376.51 308,445 24 Aug 2023 Direct F1, F4
transaction KNSL Common Stock, par value $0.01 per share Sale $230,714 -611 -0.2% $377.60 307,834 24 Aug 2023 Direct F1, F5
transaction KNSL Common Stock, par value $0.01 per share Sale $136,609 -360 -0.12% $379.47 307,474 24 Aug 2023 Direct F1, F6
transaction KNSL Common Stock, par value $0.01 per share Sale $58,261 -153 -0.05% $380.79 307,321 24 Aug 2023 Direct F1, F7
transaction KNSL Common Stock, par value $0.01 per share Sale $62,591 -164 -0.05% $381.65 307,157 24 Aug 2023 Direct F1, F8
transaction KNSL Common Stock, par value $0.01 per share Sale $15,336 -40 -0.01% $383.40 307,117 24 Aug 2023 Direct F1
transaction KNSL Common Stock, par value $0.01 per share Sale $69,622 -186 -0.03% $374.31 597,552 24 Aug 2023 As managing member of M.P. Kehoe, LLC F2, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $575,151 -1,531 -0.26% $375.67 596,021 24 Aug 2023 As managing member of M.P. Kehoe, LLC F3, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $108,435 -288 -0.05% $376.51 595,733 24 Aug 2023 As managing member of M.P. Kehoe, LLC F4, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $172,563 -457 -0.08% $377.60 595,276 24 Aug 2023 As managing member of M.P. Kehoe, LLC F5, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $102,457 -270 -0.05% $379.47 595,006 24 Aug 2023 As managing member of M.P. Kehoe, LLC F6, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $43,791 -115 -0.02% $380.79 594,891 24 Aug 2023 As managing member of M.P. Kehoe, LLC F7, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $46,943 -123 -0.02% $381.65 594,768 24 Aug 2023 As managing member of M.P. Kehoe, LLC F8, F9, F10
transaction KNSL Common Stock, par value $0.01 per share Sale $11,502 -30 -0.01% $383.40 594,738 24 Aug 2023 As managing member of M.P. Kehoe, LLC F9, F10

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 KNSL Options (Right to Buy) Options Exercise $0 -3,000 -7.6% $0.000000 36,576 24 Aug 2023 Common Stock, par value $0.01 per share 3,000 $16.00 Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2023.
F2 The shares were sold in multiple transactions at actual sale prices ranging from $374.09 to $374.96 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 The shares were sold in multiple transactions at actual sale prices ranging from $375.17 to $376.16 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4 The shares were sold in multiple transactions at actual sale prices ranging from $376.20 to $377.20 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 The shares were sold in multiple transactions at actual sale prices ranging from $377.20 to $378.13 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F6 The shares were sold in multiple transactions at actual sale prices ranging from $378.98 to $379.93 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F7 The shares were sold in multiple transactions at actual sale prices ranging from $380.33 to $381.20 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F8 The shares were sold in multiple transactions at actual sale prices ranging from $381.40 to $382.12 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F9 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person with respect to M.P. Kehoe, LLC on May 22, 2023.
F10 The reporting person is the managing member of M.P. Kehoe, LLC (the "LLC"). The reporting person disclaims beneficial ownership of shares of Common Stock held by the LLC except to the extent of his pecuniary interest therein.
F11 Granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan.
F12 The options vested in four equal installments on each anniversary of July 27, 2016.