Paresh Patel - 23 Feb 2026 Form 4 Insider Report for HCI Group, Inc. (HCI)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: HCI
Reported as of: 23 Feb 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 24 Feb 2026, 16:30:09 UTC
Prior SEC filing: 07 Nov 2025
Next SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Andrew L. Graham as Attorney-in-fact for Paresh Patel

Key filing fact

Paresh Patel filed Form 4 for HCI Group, Inc. (HCI) on 24 Feb 2026.

Key facts

This page summarizes Paresh Patel's Form 4 filing for HCI Group, Inc. (HCI).
2 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 24 Feb 2026, 16:30.

Change

Previous filing in this sequence was filed on 07 Nov 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001439934 Primary reporting owner

Patel Paresh

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: 3802 COCONUT PALM DRIVE, TAMPA
Signature: /s/ Andrew L. Graham as Attorney-in-fact for Paresh Patel
Signature date: 24 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HCI transaction

Common Stock

Options Exercise

Transaction value: $800,000
Shares: +20,000
Change %: +29%
Price: $40.00
Shares after: 89,500
Date: 23 Feb 2026
Ownership: Direct

HCI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 37,500
Date: 23 Feb 2026
Ownership: IRA

HCI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 727,000
Date: 23 Feb 2026
Ownership: Direct
Footnotes: F1

HCI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 23 Feb 2026
Ownership: Direct
Footnotes: F2

HCI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 23 Feb 2026
Ownership: Direct
Footnotes: F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HCI transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $800,000
Shares: -20,000
Change %: -18%
Price: $40.00
Shares after: 90,000
Date: 23 Feb 2026
Ownership: Direct
Underlying class: Common
Underlying amount: 20,000
Exercise price: $40.00
Footnotes: F3, F4

HCI holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 110,000
Date: 23 Feb 2026
Ownership: Direct
Underlying class: Common
Underlying amount: 110,000
Exercise price: $40.00
Footnotes: F3, F5

HCI holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 110,000
Date: 23 Feb 2026
Ownership: Direct
Underlying class: Common
Underlying amount: 110,000
Exercise price: $53.00
Footnotes: F3, F6

HCI holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 110,000
Date: 23 Feb 2026
Ownership: Direct
Underlying class: Common
Underlying amount: 110,000
Exercise price: $48.00
Footnotes: F3, F7

HCI holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 150,000
Date: 23 Feb 2026
Ownership: Direct
Underlying class: Common
Underlying amount: 150,000
Exercise price: $70.00
Footnotes: F3, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Shares held jointly with spouse.

Footnote F2

Restricted stock grant of 10,000 shares effective 2/26/2021: Restricted shares will vest, if ever, on the first anniversary of the date on which the company stock value first equals or exceeds $140 for 30 consecutive days on the applicable exchange. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 2/26/2021.

Footnote F3

The options were granted pursuant to the HCI Group, Inc. 2012 Omnibus Incentive Plan.

Footnote F4

The options were granted on January 7, 2017 at an exercise price of $40.00 per share, in excess of the $39.71 market value. All options have vested and may be exercised at any time up to and including January 7, 2027.

Footnote F5

The options were granted on February 8, 2018 at an exercise price of $40.00 per share, in excess of the $34.92 market value. All options have vested and may be exercised at any time up to and including February 8, 2028.

Footnote F6

The options were granted on January 15, 2019 at an exercise price of $53.00 per share, in excess of the $47.94 market value. All options have vested and may be exercised at any time up to and including January 15, 2029.

Footnote F7

The options were granted on January 16, 2020 at an exercise price of $48.00 per share, in excess of the $45.97 market value. All options have vested and may be exercised at any time up to and including January 16, 2030.

Footnote F8

The options were granted on September 15, 2023 and vested on December 14, 2023 at an exercise price of $70.00 per share when the company stock value first equaled and exceeded $80.00 for 20 consecutive days on the applicable exchange. The options will expire on September 15, 2033.

Footnote F9

Restricted stock grant of 200,000 shares effective 4/17/2024: If at any time the Fair Market Value equals or exceeds $200 for 30 consecutive trading days (the "Vesting Trigger Date"), the restricted shares will vest and the restrictions will lapse as follows. 50,000 of the restricted shares on the later of the Vesting Trigger Date or March 15, 2025; March 15, 2026; March 15, 2027; and March 15, 2028. No portion of the restriction period will lapse six years and one day after the grant date. All remaining restricted shares will be forfeited at that time. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 4/17/2024.