Form 4: Goosehead Insurance Director Lindy Langston Sells Over 13,000 Shares Following Class B to Class A Conversion

Lindy Langston, a Director and 10% owner of Goosehead Insurance, Inc., reported the conversion and subsequent sale of 13,895 shares of Class A Common Stock over two days in late May 2025.

Summary

• On May 27, 2025, Lindy Langston converted 11,042 shares of Class B Common Stock into Class A Common Stock.
• Immediately following the conversion, 11,042 shares of Class A Common Stock were sold at a weighted average price of $110.20 per share, with prices ranging from $110.00 to $110.58.
• On May 28, 2025, an additional 2,853 shares of Class B Common Stock were converted into Class A Common Stock.
• Subsequently, 2,853 shares of Class A Common Stock were sold at a weighted average price of $110.16 per share, with prices ranging from $110.00 to $110.44.
• Following these transactions, Lindy Langston directly beneficially owns 200,079 shares of Class B Common Stock and 0 shares of Class A Common Stock.
• An additional 80,270 Class B Common Stock shares and corresponding LLC Units are indirectly held by the Lindy Langston Spousal Lifetime Access Trust.
• Each LLC Unit, together with a share of Class B Common Stock, is convertible into one share of Class A Common Stock and does not expire.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine insider transaction (conversion and sale) for liquidity purposes, not indicative of positive or negative company performance. The sales represent a small portion of the insider's total holdings.

Negatives

• The sale of 13,895 shares by a director and 10% owner could be perceived negatively by some investors as it reduces insider ownership, although it's a relatively small percentage of total holdings.

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

This filing is an insider transaction report, which is specific to the individual's holdings and does not provide broader industry context or trends. It reflects a liquidity event for a significant shareholder in the insurance brokerage sector.

Corporate Governance

Related Party Transactions

• The reported transactions are related party dealings as they involve a director and 10% owner of Goosehead Insurance, Inc. selling company securities.

Stakeholder Impact

• Shareholders: The sale of shares by a director and 10% owner could be interpreted in various ways, but given the context of conversion and the relatively small amount compared to total holdings, it is unlikely to have a significant negative impact. It represents a liquidity event for the insider.

Key Dates

Recommendation

Keywords

Goosehead Insurance, GSHD, Insider Trading, Form 4, Stock Sale, Class A Common Stock, Class B Common Stock, LLC Units, Director, 10% Owner