Form 4: SelectQuote Director's Equity Transactions Reported

SelectQuote Director Donald L. Hawks III reported the vesting of 52,631 restricted stock units and the grant of 106,250 new restricted stock units.

Summary

• Donald L. Hawks III, a Director of SelectQuote, Inc. (SLQT), reported equity transactions on November 11, 2025.
• Hawks acquired 52,631 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0 per share.
• Following this transaction, Hawks directly beneficially owns 513,214 shares of common stock.
• Hawks also indirectly beneficially owns 8,877,872 shares through BEP III LLC, 6,911,600 shares through BEP III Co-Invest LLC, and 1,889,285 shares through SQ Co-investors LLC, totaling 17,678,757 indirect shares. He disclaims beneficial ownership of these indirect securities except to the extent of his pecuniary interest.
• A new grant of 106,250 restricted stock units was made to Hawks, which will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders, subject to his continued service on the Board of Directors.
• The previously held 52,631 restricted stock units vested in full on November 11, 2025, and were converted into common stock.

Sentiment

Score: 6

Explanation: The filing reports routine equity compensation transactions for a director, indicating continued alignment of interests with shareholders through stock ownership and future vesting. This is a neutral to slightly positive event, reflecting standard corporate governance practices.

Positives

• The vesting of 52,631 restricted stock units indicates a successful conversion of equity compensation into common stock for the director.
• The grant of 106,250 new restricted stock units aligns the director's future interests with shareholder value, as vesting is contingent on continued service and future company performance.

Future Outlook

The future outlook for the director's equity compensation includes the vesting of 106,250 restricted stock units at the Company's 2026 Annual Meeting of Stockholders, contingent upon continued service on the Board of Directors.

Industry Context

This filing represents a routine disclosure of insider equity transactions, common across publicly traded companies as part of their executive and director compensation structures. Equity grants like Restricted Stock Units are standard mechanisms to align the interests of company leadership with long-term shareholder value.

Comparison to Industry Standards

• N/A This Form 4 filing details individual insider transactions and does not provide company-level performance metrics for industry comparison.

Corporate Governance

Related Party Transactions

• Donald L. Hawks III holds indirect beneficial ownership of common stock through BEP III LLC, BEP III Co-Invest LLC, and SQ Co-investors LLC, with a disclaimer of beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The equity grants and ownership by a director align management's interests with shareholder value, potentially fostering long-term growth and responsible governance.
• Employees: While not directly impacting employees, such compensation structures are part of a broader corporate compensation philosophy that can influence company culture and talent retention.

Next Steps

• The 106,250 new restricted stock units are expected to vest on the date of SelectQuote's 2026 Annual Meeting of Stockholders, provided Donald L. Hawks III continues his service on the Board of Directors.

Key Dates

Keywords

SelectQuote, SLQT, Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Director Ownership, Stock Grant