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[Form 4] AMERICAN COASTAL INSURANCE Corp Insider Trading Activity

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

American Coastal Insurance Corp’s Chief Compliance/Risk Officer James Andy Gray received new equity awards in the form of options and stock units. He was granted 9,619 nonqualified stock options for common stock at an exercise price of $10.59 per share, expiring on May 12, 2036, with vesting in three equal annual installments.

He also received 14,400 performance stock units and 7,200 restricted stock units, each representing a right to one share of common stock. Both the performance units and restricted stock units vest over three years, with one third vesting in each period. The number of shares ultimately delivered for the performance units depends on performance factors and can range from 0% to 150% of the stated 14,400 units.

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Insider Gray James Andy
Role Chief Compliance/Risk Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 7,200 $0.00 --
Grant/Award Performance Stock Units 14,400 $0.00 --
Grant/Award Nonqualified Stock Options 9,619 $0.00 --
Holdings After Transaction: Restricted Stock Units — 13,549 shares (Direct, null); Performance Stock Units — 27,095 shares (Direct, null); Nonqualified Stock Options — 56,711 shares (Direct, null)
Footnotes (1)
  1. Each stock unit represents a conditional right to receive one share of the company's common stock. The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period. The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period. The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above. 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.
Nonqualified stock options granted 9,619 options Granted with $10.59 exercise price, expire May 12, 2036
Option exercise price $10.59 per share Nonqualified stock options on American Coastal Insurance common stock
Performance stock units granted 14,400 units Tied to common stock, vest over three years
Restricted stock units granted 7,200 units Tied to common stock, vest over three years
Performance payout range 0%–150% of 14,400 units Actual shares delivered depend on performance factors
Options held after grant 56,711 options Total nonqualified stock options following this award
Performance units held after grant 27,095 units Total performance stock units following this award
Restricted units held after grant 13,549 units Total restricted stock units following this award
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.
Performance Stock Units financial
"security_title": "Performance Stock Units""
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
vesting financial
"subject to vesting over three years with one third, rounded down"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price": "10.5900""
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.
performance factors financial
"depends on the achievement of certain performance factors"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gray James Andy
(Last)(First)(Middle)
570 CARILLON PARKWAY, SUITE 100
(Street)
SAINT PETERSBURG FLORIDA 33716
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AMERICAN COASTAL INSURANCE Corp [ ACIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Compliance/Risk Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/12/2026A7,200 (2) (2)Common Stock7,200$0.0013,549D
Performance Stock Units(1)05/12/2026A14,400 (3) (4)Common Stock14,400$0.0027,095D
Nonqualified Stock Options$10.5905/12/2026A9,619 (5)05/12/2036Common Stock9,619$0.0056,711D
Explanation of Responses:
1. Each stock unit represents a conditional right to receive one share of the company's common stock.
2. The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
3. The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
4. The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
5. 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.
/s/ Alexander Baty, Attorney-in-Fact for James Gray05/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did ACIC’s James Andy Gray receive on this Form 4?

James Andy Gray received nonqualified stock options, performance stock units, and restricted stock units. These awards give him rights to American Coastal Insurance common shares over time, subject to vesting schedules and, for performance units, specific performance conditions.

How many stock options were granted to James Andy Gray at American Coastal Insurance (ACIC)?

He was granted 9,619 nonqualified stock options for American Coastal Insurance common stock. These options have an exercise price of $10.59 per share and expire on May 12, 2036, with one third becoming exercisable in each of three annual vesting periods.

What are the terms of the performance stock units granted to ACIC’s Chief Compliance/Risk Officer?

He received 14,400 performance stock units tied to American Coastal Insurance common stock. Vesting occurs over three years in equal annual portions, and the actual shares delivered can range from 0% to 150% of 14,400, depending on achievement of defined performance factors.

How do the restricted stock units for ACIC’s James Andy Gray vest?

He was granted 7,200 restricted stock units, each representing one share of American Coastal Insurance common stock. These units vest over three years, with one third, rounded down to the nearest whole share, vesting in each period, subject to the award’s vesting conditions.

Does this ACIC Form 4 show open-market buying or selling by James Andy Gray?

The Form 4 reports grants of stock options and stock units, not open-market trades. All three transactions are coded as awards (transaction code A), reflecting compensation-related acquisitions rather than market purchases or sales of American Coastal Insurance shares.