James Andy Gray - 14 May 2024 Form 4/A - Amendment Insider Report for AMERICAN COASTAL INSURANCE Corp (ACIC)

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	Performance Stock Units	Award	$0	+13,259		$0.000000	13,259	14 May 2024	Common Stock	13,259		Direct	F1, F2, F3, F4, F5
transaction	ACIC	Nonqualified Stock Options	Award	$0	+8,848	+201%	$0.000000	13,259	14 May 2024	Common Stock	8,848	$10.37	Direct	F2, F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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, effective April 3, 2024, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
F3	This amendment is being filed to address an error in reporting the number of stock options and performance stock units granted to the reporting person.
F4	The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F5	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.
F6	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.