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

Rhea-AI Filing Summary

Enact Holdings insider Form 4: Michael Derstine, Executive Vice President and Chief Risk Officer, reported a disposition of 3,500 shares of Enact Holdings, Inc. (ACT) on 08/19/2025. The transaction is coded G and recorded at a price of $0, with the filer explaining the shares were a charitable donation to a donor advised fund. After the reported transaction, Derstine directly beneficially owns 30,271 shares. The Form 4 was submitted under power of attorney by Joe Jacumin and dated 08/21/2025. The filing documents a non-cash transfer of shares for charitable purposes and a modest reduction in the reporting officer’s direct holdings.

Positive

• Transaction was a charitable donation to a donor advised fund, indicating no personal cash proceeds from the disposition
• Timely and transparent disclosure of the insider transaction filed under power of attorney

Negative

• Insider's direct holdings decreased by 3,500 shares, lowering ownership to 30,271 shares

Insights

Corporate Governance Expert

TL;DR: Officer made a non-cash charitable gift of stock, properly reported; no indication of personal cash proceeds or unusual trading.

The Form 4 shows a Code G disposition—shares were donated to a donor advised fund, which is a common mechanism for charitable giving by insiders that avoids sale proceeds. The filing indicates the transaction was processed and reported in a timely manner by power of attorney. From a governance perspective, this is a routine disclosure that maintains transparency about insider holdings. The reduction of 3,500 shares lowers direct ownership to 30,271 shares but does not, by itself, signal governance or control changes.

Securities/Insider Transactions Analyst

TL;DR: Small-scale insider disposition for charity; transaction is non-taxable sale-equivalent and unlikely to affect market liquidity or valuation.

The reported disposition was executed as a charitable gift at $0 consideration, consistent with Code G reporting. The size—3,500 shares—appears modest relative to typical free float metrics for most issuers and likely has negligible market impact. The post-transaction holding of 30,271 shares provides continued insider alignment with shareholders. No derivative transactions or other compensation-related movements are disclosed on this Form 4.

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
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^*

Derstine Michael

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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
Common Stock	08/19/2025		G		3,500	D	$0(1)	30,271	D

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

Explanation of Responses:

1. The shares reported in this transaction were a charitable donation to a donor advised fund.

Remarks:

	/s/ Joe Jacumin, by power of attorney	08/21/2025
	** 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 Michael Derstine report on Form 4 for Enact Holdings (ACT)?

He reported a disposition of 3,500 shares on 08/19/2025, coded as a charitable gift (Code G), leaving 30,271 shares beneficially owned.

Was the disposition a sale for cash?

No. The filing shows a price of $0 and explains the shares were a charitable donation to a donor advised fund.

How was the Form 4 signed and when was it filed?

The Form 4 was executed by Joe Jacumin, by power of attorney, and dated 08/21/2025.

Does the Form 4 show any derivative or option transactions by the reporting person?

No. Table II contains no derivative or option transactions; only a non-derivative disposition of common stock is reported.

What does Code G mean on this Form 4?

On this filing, Code G indicates the transaction was made as a gift; the filer explicitly states the shares were donated to a donor advised fund.