Form 4: Bowhead Specialty Holdings Director Matthew Botein Sells Shares in Public Offering

Director Matthew Botein sold 3,178,662 shares of Bowhead Specialty Holdings Inc. at $27.695 per share in a public offering.

Summary

• Matthew Botein, a director of Bowhead Specialty Holdings Inc., sold 3,178,662 shares of common stock on October 25, 2024.
• The sale was part of an underwritten public offering at a price of $27.695 per share, net of underwriting discounts and commissions.
• Following the transaction, Botein directly owns no shares but indirectly owns 10,968,445 shares through GPC Fund.
• Gallatin Point Capital LLC manages GPC Partners GP LLC, which is the general partner of GPC Fund.
• Botein and Lewis (Lee) Sachs, as Co-Founders and Managing Partners of Gallatin Point's ultimate parent, make voting and investment decisions for GPC Fund.
• Botein disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• GPC Fund and American Family Mutual Insurance Company, S.I. ('AFMIC') have a voting agreement but the share ownership reported does not include any shares owned by AFMIC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share sale. It doesn't inherently convey positive or negative sentiment, but the market may react based on the size and context of the sale.

Industry Context

Sales by company directors are a common occurrence, especially following a public offering. It is important to consider the size of the sale relative to the director's total holdings and the overall market conditions.

Stakeholder Impact

• The sale of shares by a director could potentially impact shareholder confidence, depending on the size of the sale and the market's perception of the company's prospects.

Key Dates