James Charles Hays - Jan 12, 2023 Form 3 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role
Director
Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Stock symbol
SKWD
Transactions as of
Jan 12, 2023
Transactions value $
$0
Form type
3
Date filed
1/12/2023, 04:30 PM
Previous filing
May 6, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SKWD Common Stock 423K Jan 12, 2023 Marquis Lafayette, LLC F1
holding SKWD Common Stock 23.6K Jan 12, 2023 Direct F2, F3

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
holding SKWD Preferred Series A Stock Jan 12, 2023 Preferred Series A Stock 263K JWayne, LLC F1, F4
holding SKWD Preferred Series A Stock Jan 12, 2023 Preferred Series A Stock 46.3K Marquis Lafayette, LLC F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is the controlling member of the entity.
F2 On January 1, 2021, the reporting person was granted a Restricted Stock Award in the amount of 7,582 shares of common stock. This award will fully vest on January 1, 2024.
F3 On January 1, 2021, the reporting person was granted a Restricted Stock Award in the amount of 8,450 shares of common stock. This award will fully vest on January 1, 2024.
F4 Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, upon the closing of its initial public offering, each share of convertible preferred stock will be automatically converted into shares of common stock of the issuer based on a conversion price equal to $6.04 per share of common stock. The 262,842.919 shares of stock reported on this form will convert into 2,175,851 shares of Common Stock upon the closing of the IPO.
F5 Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, upon the closing of its initial public offering, each share of convertible preferred stock will be automatically converted into shares of common stock of the issuer based on a conversion price equal to $6.04 per share of common stock. The 46,289.620 shares of stock reported on this form will convert into 383,192 shares of Common Stock upon the closing of the IPO.