[Form 4] Enact Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Enact Holdings insider filing (Form 4) reports that director John D. Fisk acquired 168 deferred stock units on 09/08/2025. The deferred stock units convert to common shares one year after the director leaves service, and the reported transaction increased Mr. Fisk's beneficial ownership to 30,378.457 shares. The additional deferred stock units were issued under reinvestment terms tied to a dividend paid on September 8, 2025, at $0.21 per share. The filing was signed by an attorney on behalf of the reporting person on 09/10/2025.

Positive

• Director received deferred equity, which aligns management and board incentives with shareholders over the long term
• Transaction recorded transparently under Section 16 reporting, with origin linked to dividend reinvestment

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received a modest grant of deferred stock units that vests on separation, aligning long-term interests but not materially changing ownership.

The filing shows a non-derivative issuance of 168 deferred stock units to a director, payable in common shares one year after termination of service. Such deferred compensation is a routine governance practice to align directors with shareholder outcomes. The incremental increase to 30,378.457 shares is immaterial relative to typical public-company floats, so this transaction is unlikely to affect voting control or capital structure. The units stem from dividend reinvestment at $0.21 per share, indicating the award reflects regular compensation mechanics rather than a special one-time grant.

Securities Analyst

TL;DR: Small director award recorded; no immediate cash exercise and no dilutive effect until payout, so near-term financial impact is negligible.

The 168 deferred stock units were acquired with a reported price of $0 for the units themselves, with reinvestment originating from a dividend event. Deferred stock units convert to common stock only after a one-year post-service delay, so there is no immediate issuance of shares or cash impact. From an investor-materiality perspective, this is a routine insider compensation disclosure with limited market implications.

SEC Form 4

FORM 4

UNITED 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
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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^*

FISK JOHN D

(Last) (First) (Middle)

C/O ENACT HOLDINGS, INC.

8325 SIX FORKS ROAD

(Street)

RALEIGH NC 27615

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enact Holdings, Inc. [ ACT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	09/08/2025		A		168		(1)	(1)	Common Stock	168	$0(2)	30,378.457	D

Explanation of Responses:

1. Deferred Stock Units become payable in shares of Common Stock one year after termination of service as a director.

2. Additional deferred stock units acquired pursuant to reinvestment terms under the director award agreement from a dividend paid on September 8, 2025, at $0.21 per share.

Remarks:

	/s/ Joe Jacumin, by power of attorney	09/10/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Enact Holdings (ACT) disclose in the Form 4 filed for John D. Fisk?

The Form 4 discloses that director John D. Fisk acquired 168 deferred stock units on 09/08/2025, bringing his beneficial ownership to 30,378.457 shares.

When do the deferred stock units reported on the Form 4 become payable?

The deferred stock units become payable in common shares one year after termination of service as a director, per the filing explanation.

What was the price or origin of the additional deferred stock units?

The filing states additional deferred stock units were acquired pursuant to reinvestment terms from a dividend paid on September 8, 2025 at $0.21 per share.

Does the Form 4 indicate any immediate cash payment or exercise for these units?

No cash exercise is indicated; the units are reported with a price of $0 and are deferred equity payable later, so no immediate cash outlay is shown.

Who signed the Form 4 and when was it signed?

The Form 4 was signed on behalf of the reporting person by Joe Jacumin, by power of attorney on 09/10/2025.