Director at Ategrity Specialty (NASDAQ: ASIC) converts 980 RSUs into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ategrity Specialty Insurance Co Holdings director Sennott John Langton Jr. exercised restricted stock units into common shares. On June 11, 2026, he converted 980 restricted stock units into 980 shares of Common Stock in a non-cash derivative exercise.
Following this transaction, he directly held 30,380 shares of Common Stock and 1,961 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock, granted as part of equity compensation vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
980 shares exercised/converted
Mixed
2 txns
Insider
Sennott John Langton Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 980 | $0.00 | -- |
| Exercise | Common Stock | 980 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,961 shares (Direct, null);
Common Stock — 30,380 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. On June 11, 2025, the reporting person was granted 2,941 restricted stock units, vesting in three equal annual installments. The remaining restricted stock units will vest in equal installments on June 11, 2027 and June 11, 2028.
Key Figures
RSUs exercised: 980 units
Common shares after transaction: 30,380 shares
RSUs remaining: 1,961 units
+1 more
4 metrics
RSUs exercised
980 units
Restricted Stock Units converted to Common Stock on June 11, 2026
Common shares after transaction
30,380 shares
Director’s direct Common Stock holdings following exercise
RSUs remaining
1,961 units
Restricted Stock Units still held after exercising 980 units
Original RSU grant
2,941 units
Grant on June 11, 2025 vesting in three equal annual installments
Key Terms
Restricted Stock Units, derivative security, contingent right
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock."
FAQ
What insider transaction did ASIC director Sennott John Langton Jr. report?
He reported exercising restricted stock units into common shares. On June 11, 2026, he converted 980 restricted stock units into 980 shares of Ategrity Specialty Insurance Co Holdings common stock as a derivative exercise, rather than an open-market stock purchase or sale.
What happened to the restricted stock units in this ASIC Form 4 filing?
A total of 980 restricted stock units were converted into 980 common shares. These units are part of a 2,941-unit grant from June 11, 2025 that vests in three equal annual installments, with remaining units vesting in 2027 and 2028.
How many restricted stock units does the ASIC director still hold after the transaction?
Following the transaction, he holds 1,961 restricted stock units. These units stem from a 2,941-unit grant awarded June 11, 2025, which was structured to vest in three equal annual installments over three years as equity compensation.