Enact Holdings (ACT) majority owner Genworth sells 602K shares back
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings, Inc. reported that its majority shareholder Genworth Holdings, Inc. completed an open-market style sale of 602,440 shares of Enact common stock on May 29, 2026 at $42.9143 per share. The transaction was carried out under a Share Repurchase Agreement between Enact and Genworth dated February 2, 2026, with the price set using a weighted average of prices Enact paid to third parties. Following this sale, Genworth directly held 112,206,639 Enact common shares and, according to the disclosure, owned approximately 81% of Enact’s outstanding common stock, indicating that Genworth remains a controlling shareholder after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 602,440 shares ($25,853,291)
Net Sell
1 txn
Insider
Genworth Holdings, Inc.
Role
null
Sold
602,440 shs ($25.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 602,440 | $42.9143 | $25.85M |
Holdings After Transaction:
Common Stock — 112,206,639 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Share Repurchase Agreement between Enact Holdings, Inc. (the "Issuer") and Genworth Holdings, Inc. dated as of February 2, 2026 (the "Agreement"). A copy of the Agreement can be found as exhibit 99.4 to the Issuer's Form 8-K filed on February 3, 2026, on the SEC's website at: https://www.sec.gov/Archives/edgar/data/1823529/000182352926000003/february2026genworthenacts.htm Represents a price per share determined pursuant to the terms of the Agreement, based on a weighted average price paid by the Issuer for purchases from third-parties. Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock of the Issuer.
Key Figures
Shares sold: 602,440 shares
Sale price per share: $42.9143 per share
Shares held after sale: 112,206,639 shares
+2 more
5 metrics
Shares sold
602,440 shares
Open-market sale on May 29, 2026
Sale price per share
$42.9143 per share
Price set under Share Repurchase Agreement
Shares held after sale
112,206,639 shares
Genworth’s direct Enact holdings following transaction
Ownership percentage
Approximately 81% of outstanding common stock
Genworth’s stake in Enact after reported sale
Transaction type
Open-market sale (Code S)
Non-derivative common stock transaction
Key Terms
Share Repurchase Agreement, open-market sale, weighted average price, ten percent owner
4 terms
open-market sale financial
"transaction_action":"open-market sale"
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.
weighted average price financial
"based on a weighted average price paid by the Issuer for purchases from third-parties"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ten percent owner financial
"Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock"
FAQ
What insider transaction did Genworth report in Enact Holdings (ACT)?
Genworth Holdings reported selling 602,440 shares of Enact Holdings common stock. The sale occurred on May 29, 2026 at $42.9143 per share under a Share Repurchase Agreement with Enact.
What type of Form 4 transaction did Enact’s majority owner report?
The Form 4 shows an open-market sale of Enact common stock by Genworth Holdings. The transaction used code “S,” indicating a sale, and was priced under the companies’ February 2026 Share Repurchase Agreement.