Kinsale (KNSL) tech chief sells 250 shares, exercises 600 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinsale Capital Group executive Salmaan K. Allibhai, Chief Analytics & Tech Officer, reported combined stock and option transactions in the company’s common stock. He sold 250 shares in an open-market sale at an average price of $311.17 per share and exercised stock options to acquire 600 shares at an exercise price of $16.00 per share. Following these transactions, he holds 3,645 shares of common stock directly. The exercised options, covering 600 underlying shares, were granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan and are described as fully vested, with an option expiration date of July 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250 shares ($77,793)
Net Sell
3 txns
Insider
Allibhai Salmaan K.
Role
Chief Analytics & Tech Officer
Sold
250 shs ($78K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options (right to buy) | 600 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 600 | $16.00 | $10K |
| Sale | Common Stock, par value $0.01 per share | 250 | $311.17 | $78K |
Holdings After Transaction:
Options (right to buy) — 0 shares (Direct, null);
Common Stock, par value $0.01 per share — 3,895 shares (Direct, null)
Footnotes (1)
- Granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan. The options are fully vested.
Key Figures
Shares sold: 250 shares
Sale price: $311.17 per share
Options exercised: 600 shares
+4 more
7 metrics
Shares sold
250 shares
Open-market sale of common stock
Sale price
$311.17 per share
Average price for 250-share sale
Options exercised
600 shares
Underlying common shares from option exercise
Exercise price
$16.00 per share
Exercise price for 600-share option grant
Shares held after transactions
3,645 shares
Direct common stock ownership following reported trades
Option grant date
July 27, 2016
Grant under 2016 Omnibus Incentive Plan
Option expiration date
July 27, 2026
Expiration for exercised stock options
Key Terms
open-market sale, derivative exercise/conversion, Options (right to buy), 2016 Omnibus Incentive Plan
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 250 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for 600 shares"
Options (right to buy) financial
"security_title listed as "Options (right to buy)" in derivative entry"
2016 Omnibus Incentive Plan financial
"Footnote states options granted under the 2016 Omnibus Incentive Plan"
FAQ
What insider transactions did KNSL executive Salmaan K. Allibhai report?
Salmaan K. Allibhai reported a mix of transactions in Kinsale Capital Group common stock, including an open-market sale of 250 shares and the exercise of stock options for 600 shares. These trades together changed his direct stock holdings and eliminated the reported option position.
What stock options did Salmaan K. Allibhai exercise in KNSL?
He exercised options covering 600 shares of Kinsale Capital Group common stock at an exercise price of $16.00 per share. These options are identified as fully vested and were originally granted on July 27, 2016 under the company’s 2016 Omnibus Incentive Plan.
What is the role of Salmaan K. Allibhai at Kinsale Capital Group (KNSL)?
Salmaan K. Allibhai serves as Chief Analytics & Tech Officer at Kinsale Capital Group. His Form 4 filing identifies him as an officer, not a director or 10% owner, and reports his personal transactions and resulting direct ownership in the company’s common stock.
When do the exercised KNSL stock options held by Salmaan K. Allibhai expire?
The exercised options had an expiration date of July 27, 2026. They were originally granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan and were fully vested at the time of the reported exercise for 600 underlying shares.