Form 4: Director Whittemore Disposes of Shares Held in Grandchildren's Account

Kent G. Whittemore, a director of American Coastal Insurance Corp, reports the disposal of 1,000 shares of common stock previously held in an account for his grandchildren.

Summary

• On January 27, 2025, Kent G. Whittemore, a director of American Coastal Insurance Corp, reported a change in his beneficial ownership of the company's stock.
• Whittemore disposed of 1,000 shares of common stock, which were previously held in an account where he acted as custodian for his grandchildren.
• The disposal occurred because Whittemore was removed as custodian of the account, meaning he no longer has control over these shares.
• Following the transaction, Whittemore directly owns 364,267 shares and indirectly owns 19,618 shares through his spouse's IRA.
• The transaction was reported on January 28, 2025, by Alexander Baty, Attorney-in-Fact for Kent G. Whittemore.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding a change in beneficial ownership. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a company insider, as required by the SEC. It doesn't necessarily reflect a change in the company's prospects or performance.

Stakeholder Impact

• The disposal of shares by a director could be perceived negatively by shareholders if misinterpreted, but the explanation clarifies that it's due to a change in custodial status rather than a change in investment outlook.

Key Dates