Form 4: CEO Sells HRTG Shares Under 10b5-1 Plan

Heritage Insurance Holdings CEO Ernie J. Garateix sold 8,334 shares of common stock for approximately $29.48 per share under a pre-arranged trading plan.

Summary

• Ernie J. Garateix, Chief Executive Officer and Director of Heritage Insurance Holdings, Inc. (HRTG), reported the sale of 8,334 shares of the company's common stock.
• The transaction occurred on December 22, 2025, at a weighted average price of $29.4779 per share, with individual sales ranging from $29.05 to $29.89.
• The total value of shares sold in this transaction was approximately $245,660.
• The sale was executed pursuant to a Rule 10b5-1 trading plan that was previously adopted on June 13, 2025.
• Following this transaction, Mr. Garateix beneficially owns 1,136,838 shares of Heritage Insurance Holdings, Inc. common stock.

Sentiment

Score: 4

Explanation: While the sale was executed under a pre-planned 10b5-1 trading plan, which mitigates the negative perception of opportunistic selling, any insider sale by a CEO can still be viewed with slight caution by investors.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, adopted on June 13, 2025, indicating a planned transaction rather than an immediate reaction to new information, which can be viewed positively for corporate governance and transparency.

Negatives

• The Chief Executive Officer and Director, Ernie J. Garateix, sold 8,334 shares of company common stock.
• Insider selling, even when pre-planned, can sometimes be perceived by the market as a signal of reduced confidence in the company's near-term prospects.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders may interpret the CEO's sale of shares as a signal, potentially influencing their perception of the company's future prospects, despite the pre-planned nature of the transaction.

Key Dates

Recommendation

The sale by CEO Ernie J. Garateix, while notable, was conducted under a pre-established Rule 10b5-1 trading plan. This suggests the transaction was scheduled and not a reaction to recent material non-public information. As such, this single transaction does not fundamentally alter the investment thesis for Heritage Insurance Holdings, Inc. A 'hold' recommendation is appropriate, advising investors to maintain their current position while monitoring future developments and broader company performance.

Keywords

HRTG, Heritage Insurance Holdings, Ernie J. Garateix, Insider Trading, Form 4, Stock Sale, CEO, 10b5-1 Plan