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

Role: President
Signature: /s/ Alexander Baty, Attorney-in-Fact for Brad Martz
Issuer symbol: ACIC
Transactions as of: 14 May 2024
Net transactions value: -$186,410
Form type: 4
Filing time: 16 May 2024, 16:04:31 UTC
Previous filing: 14 May 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	+50,808	+27%	$0.000000	237,619	14 May 2024	Direct
transaction	ACIC	Common Stock	Tax liability	$186,410	-15,242	-6.4%	$12.23	222,377	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	+38,106	+65%	$0.000000	96,929	14 May 2024	Common Stock	38,106		Direct	F1, F2, F3
transaction	ACIC	Restricted Stock Units	Award	$0	+17,478	+18%	$0.000000	114,407	14 May 2024	Common Stock	17,478		Direct	F1, F3, F4
transaction	ACIC	Performance Stock Units	Award	$0	+76,212	+97%	$0.000000	154,643	14 May 2024	Common Stock	76,212		Direct	F1, F2, F5, F6
transaction	ACIC	Performance Stock Units	Award	$0	+34,957	+23%	$0.000000	189,600	14 May 2024	Common Stock	34,957		Direct	F1, F4, F5, F6
transaction	ACIC	Nonqualified Stock Options	Award	$0	+53,652		$0.000000	53,652	14 May 2024	Common Stock	53,652	$4.33	Direct	F2, F7
transaction	ACIC	Nonqualified Stock Options	Award	$0	+23,327		$0.000000	23,327	14 May 2024	Common Stock	23,327	$10.37	Direct	F4, F7
transaction	ACIC	Restricted Stock Units	Options Exercise	$0	-12,702	-11%	$0.000000	101,705	14 May 2024	Common Stock	12,702		Direct	F1, F3
transaction	ACIC	Performance Stock Units	Options Exercise	$0	-25,404	-13%	$0.000000	164,196	14 May 2024	Common Stock	25,404		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.