Form 4: Director James Hays Acquires SKWD Shares in Apollo Acquisition

Skyward Specialty Insurance Group Director James Hays acquired 143,664 shares of common stock at $50 per share as part of the Apollo Group Holdings Limited acquisition.

Summary

• James Charles Hays, a Director of Skyward Specialty Insurance Group, Inc. (SKWD), reported changes in his beneficial ownership.
• On January 1, 2026, Skyward Specialty Insurance Group completed the acquisition of the entire issued share capital of Apollo Group Holdings Limited.
• As a seller in the Apollo acquisition, James Charles Hays acquired 143,664 shares of SKWD Common Stock.
• The shares were acquired at a price of $50.00 per share as part of the consideration for the Apollo acquisition.
• Following this transaction, James Charles Hays directly beneficially owns 174,061 shares of Common Stock.
• Additionally, he indirectly beneficially owns 669,311 shares through Marquis Lafayette, LLC, and 1,975,851 shares through JWayne, LLC, both entities he controls.
• The total beneficial ownership for James Charles Hays after the transaction is 2,819,223 shares.

Sentiment

Score: 6

Explanation: The filing reports the completion of a strategic acquisition and a director's receipt of a significant number of shares as part of the consideration, which generally indicates positive strategic execution and alignment of interests, though it is not a discretionary open-market purchase.

Positives

• The completion of the acquisition of Apollo Group Holdings Limited signifies strategic execution by Skyward Specialty Insurance Group.
• A director, James Charles Hays, increased his beneficial ownership in the company by 143,664 shares, aligning his interests further with shareholders.

Future Outlook

The filing indicates the successful completion of the acquisition of Apollo Group Holdings Limited, suggesting future integration and operational activities related to the acquired entity.

Industry Context

This transaction reflects a strategic move within the insurance industry, where companies often pursue acquisitions to expand market share, capabilities, or geographic reach. The issuance of shares as consideration is a common method for financing such deals, impacting the acquiring company's capital structure.

Corporate Governance

Related Party Transactions

• James Charles Hays, a Director of Skyward Specialty Insurance Group, Inc., was a 'Seller' in the acquisition of Apollo Group Holdings Limited and received 143,664 shares of the Issuer's Common Stock as part of the consideration.
• James Charles Hays indirectly beneficially owns shares through Marquis Lafayette, LLC and JWayne, LLC, entities where he is the controlling member.

Stakeholder Impact

• Shareholders of Skyward Specialty Insurance Group will experience a slight dilution due to the issuance of new shares as consideration for the acquisition.
• Former shareholders of Apollo Group Holdings Limited received consideration, including shares of Skyward Specialty Insurance Group, for their stake in Apollo.

Next Steps

• Integration of Apollo Group Holdings Limited into Skyward Specialty Insurance Group's operations.

Key Dates

Keywords

Skyward Specialty Insurance Group, SKWD, James Hays, Director, Insider Transaction, Form 4, Apollo Group Holdings, Acquisition, Common Stock, Beneficial Ownership