Form 4: Enact Holdings Director Sells 10,000 Shares

Enact Holdings, Inc. Director Robert P. Restrepo Jr. reported the sale of 10,000 shares of common stock over two days in pre-scheduled transactions.

Summary

• Director Robert P. Restrepo Jr. of Enact Holdings, Inc. sold a total of 10,000 shares of common stock.
• The sales occurred on November 18, 2025, and November 19, 2025.
• On November 18, 2025, 2,562 shares were sold at a weighted average price of $37.411 per share.
• On November 19, 2025, 7,438 shares were sold at $37.39 per share.
• These transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.
• Following these sales, Robert P. Restrepo Jr. beneficially owns 5,000 shares of Enact Holdings, Inc. common stock.

Sentiment

Score: 4

Explanation: The sale of shares by a director could be seen as a slight negative, but the fact that it was executed under a Rule 10b5-1 plan mitigates concerns about immediate sentiment or future outlook, making it a neutral to slightly negative event rather than a strong negative.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market as it reduces management's direct equity stake.

Stakeholder Impact

• Shareholders: May interpret insider selling as a lack of confidence, though a 10b5-1 plan lessens this concern by indicating the sale was pre-planned rather than reactive to new information.

Key Dates

Recommendation

The director's sale of shares, while reducing their direct equity stake, was executed under a pre-arranged 10b5-1 plan. This suggests the transaction was not based on new, material non-public information, but rather on personal financial planning. Without additional context on the company's performance or other insider activity, this event alone does not warrant a change from a 'hold' position.

Keywords

Enact Holdings, ACT, Insider Trading, Form 4, Stock Sale, Director, Robert P. Restrepo Jr., 10b5-1 Plan