Form 4: Heritage Insurance Officer Sells Shares Under 10b5-1 Plan

Timothy Moura, President of Narragansett Bay Insurance Company, sold 29,133 shares of Heritage Insurance Holdings, Inc. common stock under a pre-arranged 10b5-1 trading plan.

Summary

• Timothy Moura, an officer of Heritage Insurance Holdings, Inc. (HRTG) and President of Narragansett Bay Insurance Company, reported the sale of common stock.
• A total of 29,133 shares were sold in two separate transactions on March 19, 2026.
• The first transaction involved the sale of 28,223 shares at a weighted average price of $26.6025 per share, with prices ranging from $26.23 to $27.2214.
• The second transaction involved the sale of 910 shares at a weighted average price of $27.4268 per share, with prices ranging from $27.2998 to $27.6431.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025.
• Following these transactions, Timothy Moura beneficially owns 210,535 shares of Heritage Insurance Holdings, Inc. common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Sales under a 10b5-1 plan are pre-scheduled and generally do not reflect new sentiment or information, making them less indicative of future stock performance than open market discretionary sales.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales executed under a pre-arranged Rule 10b5-1 trading plan are common and typically do not signal a change in management's sentiment about the company's future prospects, as these plans are set up in advance to allow insiders to sell shares systematically.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, but given it's a 10b5-1 plan, it is unlikely to significantly impact shareholder confidence or the company's valuation.

Key Dates

Recommendation

The insider sale was conducted under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new company-specific information. Therefore, this transaction alone does not provide a strong signal for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this filing.

Keywords

Heritage Insurance Holdings, HRTG, Timothy Moura, Insider Sale, Form 4, Stock Transaction, 10b5-1 Plan, Officer