Form 4: Director Kern Michael Davis Reports Changes in Beneficial Ownership of American Coastal Insurance Corp (ACIC)

Kern Michael Davis, a director of American Coastal Insurance Corp, reports a change in beneficial ownership due to removal as custodian of shares held in children's IRAs.

Summary

• On January 31, 2025, Kern Michael Davis, a director of American Coastal Insurance Corp, reported a change in beneficial ownership of ACIC common stock.
• Davis disposed of 3,326 shares held in his first child's IRA and 3,326 shares held in his second child's IRA.
• The disposals occurred because Davis was removed as custodian of the accounts.
• Following the transaction, Davis directly owns 293,564 shares of ACIC common stock.
• The reporting person no longer can act upon these shares in any manner.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It doesn't necessarily reflect a change in the company's fundamentals or outlook.

Stakeholder Impact

• The change in beneficial ownership has a minimal impact on shareholders, as it is related to the director's personal accounts and not a reflection of the company's performance.

Key Dates