Christopher Griffith - May 27, 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 27, 2024
Transactions value $
-$175,436
Form type
4
Date filed
5/28/2024, 04:07 PM
Previous filing
May 16, 2024
Next filing
Jun 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACIC Common Stock Options Exercise $0 +48.5K +48.2% $0.00 149K May 27, 2024 Direct
transaction ACIC Common Stock Tax liability -$175K -14.6K -9.76% $12.05 135K May 27, 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 -16.2K -28.9% $0.00 39.8K May 27, 2024 Common Stock 16.2K Direct F1, F2
transaction ACIC Performance Stock Units Options Exercise $0 -21.6K -23.87% $0.00 68.8K May 27, 2024 Common Stock 21.6K Direct F1, F3, F4
* 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 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 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.