American Coastal (NASDAQ: ACIC) COO exercises options and sells stock
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp (ACIC) Chief Operating Officer Christopher Griffith reported an option exercise and related stock sales. He exercised 19,672 nonqualified stock options at an exercise price of $4.33 per share for 19,672 common shares, then sold 41,672 common shares in total at prices of $9.40–$9.41 per share. The exercised option award was subject to vesting over three years. The filing indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Griffith Christopher
Role
Chief Operating Officer
Sold
41,672 shs ($392K)
Approx. gross sale proceeds
$392K
Approx. exercise cost
$85K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Options F1 | 19,672 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,672 | $4.33 | $85K |
| Sale | Common Stock | 19,672 | $9.41 | $185K |
| Sale | Common Stock | 22,000 | $9.40 | $207K |
Holdings After Transaction:
Nonqualified Stock Options — 0 shares (Direct);
Common Stock — 118,724 shares (Direct)
Footnotes (1)
- F1. Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period.
Key Figures
Options exercised: 19,672 shares
Option exercise price: $4.33 per share
Shares sold (block 1): 19,672 shares
+3 more
6 metrics
Options exercised
19,672 shares
Nonqualified stock options exercised into ACIC common stock on 2026-08-17
Option exercise price
$4.33 per share
Exercise price of nonqualified stock options expiring 2033-05-04
Shares sold (block 1)
19,672 shares
ACIC common stock sold at $9.41 per share on 2026-08-17
Shares sold (block 2)
22,000 shares
ACIC common stock sold at $9.40 per share on 2026-08-17
Total shares sold
41,672 shares
Aggregate ACIC common shares sold in reported transactions
Option expiration date
2033-05-04
Expiration of the exercised nonqualified stock options
Key Terms
Nonqualified Stock Options, derivative security, Rule 10b5-1 trading plan, exercise price
4 terms
Nonqualified Stock Options financial
"security_title: Nonqualified Stock Options"
A nonqualified stock option is a company-issued right that lets an employee or contractor buy shares later at a preset price, like a coupon to purchase stock regardless of the market price. It matters to investors because when the option is used the recipient owes ordinary-income tax on the difference between market and preset price, which affects the holder’s financial decisions and can change the company’s share count and reported expenses.
derivative security financial
"transaction_action: derivative exercise/conversion"
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.
Rule 10b5-1 trading plan regulatory
"transactions were not made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
exercise price financial
"conversion_or_exercise_price: 4.3300"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transactions did Christopher Griffith report for ACIC on August 17, 2026?
Christopher Griffith reported exercising 19,672 nonqualified stock options for 19,672 ACIC common shares and then selling 41,672 common shares. The sales occurred in two transactions on the same date following the option exercise.
What options did Christopher Griffith exercise in the ACIC Form 4 filing?
He exercised 19,672 nonqualified stock options for an equal number of ACIC common shares. The options had an exercise price of $4.33 per share and an expiration date of May 4, 2033, and this award was subject to three-year vesting.
Were Christopher Griffith’s ACIC trades made under a Rule 10b5-1 trading plan?
The filing indicates the trades were not made pursuant to a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 plans is explicitly unchecked, meaning the reported transactions are not affirmed as plan-based.
What are the vesting terms of the ACIC nonqualified stock options Griffith exercised?
The nonqualified stock option award is subject to vesting over three years. One third of the award, rounded down to the nearest whole share, becomes exercisable in each vesting period, according to the footnote describing the grant’s vesting schedule.
What happened to Christopher Griffith’s option position after the ACIC transaction?
After exercising, the reported nonqualified stock option position shows 0 options remaining for that award. The Form 4 lists total shares following the transaction for this derivative security as zero, indicating this specific option grant was fully exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
