Brooke Adler - May 14, 2024 Form 4 Insider Report for AMERICAN COASTAL INSURANCE Corp (ACIC)

Role
General Counsel
Signature
/s/ Alexander Baty, Attorney-in-Fact for Brooke Adler
Stock symbol
ACIC
Transactions as of
May 14, 2024
Transactions value $
-$77,673
Form type
4
Date filed
5/16/2024, 04:04 PM
Previous filing
Apr 25, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACIC Common Stock Options Exercise $0 +21.2K +167.6% $0.00 33.8K May 14, 2024 Direct
transaction ACIC Common Stock Tax liability -$77.7K -6.35K -18.79% $12.23 27.5K May 14, 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 Award $0 +15.9K +64.78% $0.00 40.4K May 14, 2024 Common Stock 15.9K Direct F1, F2, F3
transaction ACIC Restricted Stock Units Award $0 +8.44K +20.89% $0.00 48.8K May 14, 2024 Common Stock 8.44K Direct F1, F3, F4
transaction ACIC Performance Stock Units Award $0 +31.8K +97.17% $0.00 64.4K May 14, 2024 Common Stock 31.8K Direct F1, F2, F5, F6
transaction ACIC Performance Stock Units Award $0 +16.9K +26.19% $0.00 81.3K May 14, 2024 Common Stock 16.9K Direct F1, F4, F5, F6
transaction ACIC Nonqualified Stock Options Award $0 +22.4K $0.00 22.4K May 14, 2024 Common Stock 22.4K $4.33 Direct F2, F7
transaction ACIC Nonqualified Stock Options Award $0 +11.3K $0.00 11.3K May 14, 2024 Common Stock 11.3K $10.37 Direct F4, F7
transaction ACIC Restricted Stock Units Options Exercise $0 -5.29K -10.84% $0.00 43.5K May 14, 2024 Common Stock 5.29K Direct F1, F3
transaction ACIC Performance Stock Units Options Exercise $0 -10.6K -13.02% $0.00 70.7K May 14, 2024 Common Stock 10.6K Direct F1, F5, F6
* 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 Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan (the "Plan"), effective May 4, 2023, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
F3 The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock vesting in each period.
F4 Grant pursuant to the Plan effective April 3, 2024, subject to stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
F5 The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period.
F6 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.
F7 Exercise of the nonqualified award is subject to vesting over three years with one third, rounded to the nearest whole share of stock, becoming exercisable in each period.