Form 4: American Coastal Insurance Corp Director Acquires Shares
SEC Form 4 Filing
Director Kern Michael Davis reports acquisition of American Coastal Insurance Corp shares through indirect holdings.
Summary
- On March 22, 2024, Kern Michael Davis, a director of American Coastal Insurance Corp, acquired 786 shares of common stock at $10.138 per share and 786 shares of common stock at $10.11 per share.
- These shares are held indirectly in his first and second child's IRA.
- Following these transactions, Davis directly owns 288,564 shares of American Coastal Insurance Corp common stock.
- He also indirectly owns 3,326 shares in each of his children's IRAs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a director's stock purchase, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies.
Stakeholder Impact
- The purchase of shares by a director could be perceived positively by shareholders, signaling confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Acquisition of shares. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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