Form 4: American Coastal Insurance Corp Director Acquires Shares and Reports Beneficial Ownership
SEC Form 4 Filing
Gregory C. Branch, a director of American Coastal Insurance Corp, reports acquiring 5,000 shares of common stock and details beneficial ownership of various holdings.
Summary
- Gregory C. Branch, a director at American Coastal Insurance Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 19, 2025, Branch acquired 5,000 shares of common stock at $0.
- Following the transaction, Branch directly owns 1,724,197 shares.
- Branch also indirectly owns shares through several trusts and entities, including OC Branch Revocable Trusts for Christina M. Branch, Overby C. Branch III, Jennifer L. Branch, and Tracy L. Drake, each holding 101,848 shares.
- Additionally, 41,800 shares are held by the Branch Family Foundation, Inc., and 123,710 shares are held by Branch Journey, LLC, where Branch is the sole manager.
- 118,588 shares were previously held by the Greg Branch Family LP and transferred to Branch Journey, LLC in December 2012.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing detailing a director's stock acquisition and beneficial ownership. While insider buying can be seen as positive, the document itself is purely informational.
Positives
- A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to American Coastal Insurance Corp and its director.
Stakeholder Impact
- Shareholders may view the director's stock acquisition as a positive sign.
Key Dates
| Date | Description |
|---|---|
| December 2012 | 118,588 shares transferred from Greg Branch Family LP to Branch Journey, LLC |
| 05/19/2025 | Date of transaction: Acquisition of 5,000 shares of common stock |
| 05/21/2025 | Date of signature for the Form 4 filing |
Keywords
beneficial ownership, Form 4, director, ACIC, American Coastal Insurance Corp, shares, stock
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