Form 4: AGO: CEO Sells 25,000 Common Shares Under 10b5-1 Plan

Assured Guaranty's President, CEO, and Deputy Chairman, Dominic Frederico, sold 25,000 common shares for a weighted average price of $83.83 per share.

Summary

• Dominic Frederico, President, CEO, and Deputy Chairman of Assured Guaranty Ltd., reported a sale of common shares.
• The transaction involved the disposition of 25,000 common shares on September 23, 2025.
• The shares were sold at a weighted average price of $83.83, with individual sales ranging from $83.44 to $84.27 per share.
• The sale was conducted pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following the transaction, Dominic Frederico directly beneficially owns 1,287,803.0034 common shares.
• Indirect beneficial ownership includes 9,400 shares by his wife, 200 shares by his daughter, and 345,000 shares by a Family Limited Partnership.
• The total direct beneficial ownership includes 253 shares purchased on June 30, 2025, through the Assured Guaranty Ltd. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transaction is a pre-planned insider sale under a 10b5-1 plan, which is a routine event and not typically indicative of a significant positive or negative shift in company fundamentals or outlook.

Positives

• The sale was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-arranged and not a reaction to recent non-public information, which can mitigate negative perceptions of insider selling.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by investors as it reduces the insider's direct stake in the company.

Risks

• No specific risks beyond the general market risks associated with equity investments are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, such as the sale reported here, are a routine part of the market. While they can sometimes signal management's view on future prospects, sales executed under a Rule 10b5-1 plan are typically pre-scheduled and not indicative of new, material non-public information.

Corporate Governance

Related Party Transactions

• Dominic Frederico's indirect beneficial ownership includes shares held by his wife (9,400 shares), his daughter (200 shares), and a Family Limited Partnership (345,000 shares).

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but mitigated by the pre-planned nature of the sale under a 10b5-1 plan, suggesting no immediate negative implications for company performance.

Key Dates

Recommendation

This Form 4 reports a pre-planned insider sale by a key executive. While any insider selling can be viewed with caution, the execution under a Rule 10b5-1 plan suggests the transaction was scheduled in advance and not based on recent material non-public information. The volume of shares sold (25,000) is not exceptionally large relative to the executive's total holdings (over 1.6 million shares directly and indirectly). Therefore, this filing alone does not provide sufficient new information to warrant a change in investment recommendation, maintaining a 'hold' stance.

Keywords

Assured Guaranty, AGO, Insider Trading, Form 4, Dominic Frederico, Share Sale, 10b5-1 Plan, Common Shares, SEC Filing