Form 4: Oxbridge Re Director Allan Martin Sells Shares Under Pre-Planned Program

Oxbridge Re Holdings Ltd Director and 10% owner Allan S. Martin reported the sale of 5,000 ordinary shares over three days in late July 2025 under a Rule 10b5-1 plan.

Summary

• Allan S. Martin, a Director and 10% owner of Oxbridge Re Holdings Ltd (OXBR), sold a total of 5,000 ordinary shares.
• On July 22, 2025, 1,000 shares were sold at a price of $2.4001 per share.
• On July 23, 2025, 2,000 shares were sold at a price of $2.3847 per share.
• On July 24, 2025, an additional 2,000 shares were sold at a price of $2.4333 per share.
• Following these transactions, Mr. Martin directly holds 231,131 ordinary shares jointly with his wife.
• He also indirectly holds 68,770 ordinary shares through Fleur de Lis Partners, LLLP, and 102,223 ordinary shares through the Martin Family Foundation, Inc.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 4

Explanation: The sale of shares by a Director and 10% owner, even if pre-planned, generally carries a negative sentiment as it reduces insider alignment with shareholders. However, the relatively small number of shares sold compared to total holdings and the 10b5-1 plan mitigate the negative impact slightly.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not a reaction to immediate negative company news.

Negatives

• A Director and 10% owner sold 5,000 ordinary shares, which can be perceived negatively by investors as it reduces insider ownership and alignment.

Risks

• Insider selling, even if pre-planned, can be interpreted by the market as a signal of an insider's belief that the stock price may not appreciate significantly in the near term or that the stock is fully valued.

Future Outlook

NA

Industry Context

This filing reports an insider transaction, which is a routine disclosure for publicly traded companies. It reflects an individual's portfolio management decisions and does not directly relate to broader industry trends or the operational performance of Oxbridge Re Holdings Ltd.

Related Party Transactions

• Allan S. Martin indirectly holds 68,770 ordinary shares through Fleur de Lis Partners, LLLP, where he is the general partner with voting and investment power.
• Allan S. Martin indirectly holds 102,223 ordinary shares through the Martin Family Foundation, Inc., where he is a director with shared voting and investment power.

Stakeholder Impact

• Shareholders may view the insider selling as a negative signal, potentially impacting investor confidence due to reduced insider ownership.

Key Dates

Recommendation

While insider selling can be a negative signal, the reported sales of 5,000 shares by Allan S. Martin are relatively small compared to his total beneficial ownership (over 400,000 shares). The fact that these sales were conducted under a Rule 10b5-1 plan suggests they were pre-scheduled and not a reaction to new negative information. Investors should monitor future insider activity and company performance, but this specific filing alone does not warrant a strong sell recommendation. A 'hold' position is prudent, awaiting further developments.

Keywords

Oxbridge Re Holdings Ltd, OXBR, SEC Form 4, Insider Trading, Beneficial Ownership, Share Sale, Director, 10% Owner, Allan S. Martin, Rule 10b5-1