Christopher Griffith - 23 Apr 2024 Form 4 Insider Report for AMERICAN COASTAL INSURANCE Corp (ACIC)

Role
Chief Operating Officer
Signature
/s/ Alexander Baty, Attorney-in-Fact for Christopher Griffith
Issuer symbol
ACIC
Transactions as of
23 Apr 2024
Net transactions value
$0
Form type
4
Filing time
14 May 2024, 16:22:38 UTC
Previous filing
30 May 2023
Next filing
16 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACIC Common Stock Options Exercise $0 +8,578 +12% $0.000000 81,124 23 Apr 2024 Direct

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 ACIC Restricted Stock Units Options Exercise $0 -2,028 -5.9% $0.000000 32,352 23 Apr 2024 Common Stock 2,028 Direct F1, F2
transaction ACIC Performance Stock Units Options Exercise $0 -4,057 -8.6% $0.000000 43,137 23 Apr 2024 Common Stock 4,057 Direct F1, F3, F4
transaction ACIC Dividend Equivalent Units Options Exercise $0 -115 -100% $0.000000* 0 23 Apr 2024 Common Stock 115 Direct F1, F5
transaction ACIC Dividend Equivalent Units Options Exercise $0 -232 -100% $0.000000* 0 23 Apr 2024 Common Stock 232 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents a conditional right to receive one share of the company's common stock.
F2 The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F3 The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F4 The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
F5 The dividend equivalent units will vest proportionately with the underlying restricted stock or performance-based stock units to which they relate.