Form 4: HRTG CEO Sells Shares in Pre-Planned Transactions

Heritage Insurance Holdings CEO Ernie J. Garateix sold 15,000 shares of common stock in two pre-planned transactions in mid-November 2025.

Summary

• Ernie J. Garateix, CEO and Director of Heritage Insurance Holdings, Inc. (HRTG), sold a total of 15,000 shares of common stock.
• On November 11, 2025, 10,000 shares were sold at a weighted average price of $29.0976 per share, with prices ranging from $29.00 to $29.25.
• On November 12, 2025, an additional 5,000 shares were sold at a price of $30.39 per share.
• These transactions were conducted pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.
• Following these sales, Mr. Garateix beneficially owns 1,214,140 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can be seen negatively, the fact that it's a pre-planned 10b5-1 transaction mitigates immediate concerns about management's view of the company's prospects. It's a routine disclosure for such plans.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, suggesting they were pre-planned and not necessarily indicative of a change in management's immediate outlook on the company's prospects.

Negatives

• A significant insider sale by the CEO and a Director, totaling 15,000 shares, could be perceived negatively by the market, even if pre-planned.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may react to the insider selling, potentially leading to short-term price volatility, although the 10b5-1 plan context should temper significant negative interpretations.

Key Dates

Recommendation

The insider sales by CEO Ernie J. Garateix, while notable, were conducted under a pre-arranged Rule 10b5-1 plan. This suggests the sales are part of a personal financial management strategy rather than a signal of deteriorating company fundamentals or a lack of confidence. Investors should monitor future filings and company performance, but these specific transactions alone do not warrant a change from a 'hold' position without additional information.

Keywords

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