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

Role: General Counsel
Signature: /s/ Alexander Baty, Attorney-in-Fact for Brooke Adler
Issuer symbol: ACIC
Transactions as of: 14 May 2024
Net transactions value: -$77,673
Form type: 4
Filing time: 16 May 2024, 16:04:10 UTC
Previous filing: 25 Apr 2024
Next filing: 28 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	+21,171	+168%	$0.000000	33,803	14 May 2024	Direct
transaction	ACIC	Common Stock	Tax liability	$77,673	-6,351	-19%	$12.23	27,452	14 May 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	+15,878	+65%	$0.000000	40,388	14 May 2024	Common Stock	15,878		Direct	F1, F2, F3
transaction	ACIC	Restricted Stock Units	Award	$0	+8,438	+21%	$0.000000	48,826	14 May 2024	Common Stock	8,438		Direct	F1, F3, F4
transaction	ACIC	Performance Stock Units	Award	$0	+31,755	+97%	$0.000000	64,434	14 May 2024	Common Stock	31,755		Direct	F1, F2, F5, F6
transaction	ACIC	Performance Stock Units	Award	$0	+16,876	+26%	$0.000000	81,310	14 May 2024	Common Stock	16,876		Direct	F1, F4, F5, F6
transaction	ACIC	Nonqualified Stock Options	Award	$0	+22,355		$0.000000	22,355	14 May 2024	Common Stock	22,355	$4.33	Direct	F2, F7
transaction	ACIC	Nonqualified Stock Options	Award	$0	+11,261		$0.000000	11,261	14 May 2024	Common Stock	11,261	$10.37	Direct	F4, F7
transaction	ACIC	Restricted Stock Units	Options Exercise	$0	-5,293	-11%	$0.000000	43,533	14 May 2024	Common Stock	5,293		Direct	F1, F3
transaction	ACIC	Performance Stock Units	Options Exercise	$0	-10,585	-13%	$0.000000	70,725	14 May 2024	Common Stock	10,585		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.