Form 4: Universal Insurance Executive Chairman Sells Shares

Sean P. Downes, Executive Chairman of Universal Insurance Holdings, Inc., sold 20,000 shares of common stock under a Rule 10b5-1 plan.

Summary

• Sean P. Downes, Executive Chairman and Director of Universal Insurance Holdings, Inc. (UVE), reported a sale of common stock.
• The transaction involved the disposition of 20,000 shares of common stock on September 4, 2025.
• The shares were sold at a weighted average price of $25.3482 per share.
• The sales occurred in multiple transactions with prices ranging from $25.07 to $25.55.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following the transaction, Mr. Downes directly beneficially owns 1,303,512 shares of common stock.
• Additionally, Mr. Downes indirectly beneficially owns 18,000 shares through his children and 2,000 shares through his spouse.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale can sometimes be viewed negatively, the disclosure of a 10b5-1 plan mitigates concerns about opportunistic selling based on non-public information, making it a routine, pre-planned event.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reaction to immediate, non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the executive's direct equity stake in the company.

Risks

• No specific risks were detailed in this Form 4 filing, which primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported range upon request.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape within the insurance sector.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for insider transactions and does not contain information for comparison to industry-specific financial or operational benchmarks.

Stakeholder Impact

• Shareholders may note the reduction in direct ownership by a key executive, though the 10b5-1 plan context suggests it is not indicative of a change in company fundamentals.

Next Steps

• The reporting person is obligated to provide Universal Insurance Holdings, Inc., any security holder, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the reported range.

Key Dates

Keywords

Universal Insurance Holdings, UVE, Sean P. Downes, Insider Trading, Form 4, Stock Sale, Executive Chairman, 10b5-1 Plan, Beneficial Ownership