[144] Enact Holdings, Inc. SEC Filing
Rhea-AI Filing Summary
Enact Holdings, Inc. (ACT) Form 144 notice of proposed sale. The filer notified the market of an intended sale of 32,895 shares of common stock through J.P. Morgan Securities LLC on an approximate sale date of 08/27/2025 on NASDAQ, with an aggregate market value reported as $1,254,286. The shares were acquired from the issuer as compensation on 02/09/2024 (21,482 shares) and 02/11/2024 (11,413 shares). The filing states there were no securities sold by the person in the past three months and includes the standard representation that the seller knows of no undisclosed material adverse information about the issuer.
Positive
- Filing provides clear transaction details: 32,895 shares, broker identified as J.P. Morgan Securities LLC, and intended sale date 08/27/2025.
- Acquisition history is disclosed with dates and amounts: 02/09/2024 (21,482 shares) and 02/11/2024 (11,413 shares), both listed as compensation.
Negative
- The filing does not provide contextual ownership metrics such as percentage of outstanding shares held by the seller or free float impact.
- No information is provided about any trading plan (Rule 10b5-1) or additional conditions that might affect timing of sales.
Insights
TL;DR: Routine Rule 144 notice: insider-originated shares from compensation are slated for sale through a broker on NASDAQ.
This Form 144 documents a proposed sale under Rule 144 of 32,895 common shares acquired as compensation in February 2024. The use of a major broker (J.P. Morgan Securities LLC) and the clear listing of acquisition dates and amounts indicate procedural compliance with resale reporting requirements. The filing reports no reported sales in the prior three months and includes the required representation about material non-public information. From a compliance perspective, the form contains the essential elements required for a Rule 144 notice.
TL;DR: The notice quantifies the shares and value to be sold but does not provide context on ownership percentage or lock-up constraints.
The Form specifies an aggregate market value of $1,254,286 for 32,895 shares and lists NASDAQ as the intended venue. It also ties each share block to issuer compensation dates in February 2024. The filing is factual and concise; it does not include additional market-impact commentary or disclosures beyond the Rule 144 requirements. Investors seeking context on potential supply impact will need ownership concentration or outstanding float details, which are not provided here.