Christopher Griffith - May 14, 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
Stock symbol
ACIC
Transactions as of
May 14, 2024
Transactions value $
-$102,524
Form type
4
Date filed
5/16/2024, 04:05 PM
Previous filing
May 14, 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 +27.9K +34.45% $0.00 109K May 14, 2024 Direct
transaction ACIC Common Stock Tax liability -$103K -8.38K -7.69% $12.23 101K 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 +21K +64.78% $0.00 53.3K May 14, 2024 Common Stock 21K Direct F1, F2, F3
transaction ACIC Restricted Stock Units Award $0 +9.64K +18.09% $0.00 63K May 14, 2024 Common Stock 9.64K Direct F1, F3, F4
transaction ACIC Performance Stock Units Award $0 +41.9K +97.17% $0.00 85.1K May 14, 2024 Common Stock 41.9K Direct F1, F2, F5, F6
transaction ACIC Performance Stock Units Award $0 +19.3K +22.68% $0.00 104K May 14, 2024 Common Stock 19.3K Direct F1, F4, F5, F6
transaction ACIC Nonqualified Stock Options Award $0 +29.5K $0.00 29.5K May 14, 2024 Common Stock 29.5K $4.33 Direct F2, F7
transaction ACIC Nonqualified Stock Options Award $0 +12.9K $0.00 12.9K May 14, 2024 Common Stock 12.9K $10.37 Direct F4, F7
transaction ACIC Restricted Stock Units Options Exercise $0 -6.99K -11.1% $0.00 56K May 14, 2024 Common Stock 6.99K Direct F1, F3
transaction ACIC Performance Stock Units Options Exercise $0 -14K -13.39% $0.00 90.4K May 14, 2024 Common Stock 14K 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 down to the nearest whole share of stock, becoming exercisable in each period.