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

Rhea-AI Filing Summary

Enact Holdings director Debra Still received 168 deferred stock units on 09/08/2025, increasing her beneficial ownership to 30,378.457 units. The filing shows these units were acquired as deferred stock units (DSUs) and were credited pursuant to reinvestment terms from a dividend paid on 09/08/2025 at $0.21 per share. The DSUs are payable in shares of common stock one year after termination of service as a director, and the reported price for the acquisition is recorded as $0. The transaction was reported on a Form 4 filed 09/10/2025 and was executed under power of attorney.

Positive

• Director compensation is equity‑based, which aligns the reporting person with shareholder interests through deferred stock units
• DSUs include a deferral feature (payable one year after termination), supporting retention and long‑term alignment
• Transaction resulted from dividend reinvestment, indicating a non‑cash issuance tied to shareholder distributions

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director compensation was paid in deferred stock units, aligning pay with long‑term ownership and retention.

The form documents the issuance of 168 deferred stock units to a director, credited under dividend reinvestment provisions. DSUs payable one year after termination create a retention mechanism and align the director with shareholder outcomes without immediate dilution. The filing format and use of a power of attorney for signature are routine for insider reporting. Impact is limited and procedural rather than material to company operations.

Executive Compensation Analyst

TL;DR: This is a routine equity compensation event tied to dividends, increasing director's deferred equity stake modestly.

The entry shows 168 DSUs credited on 09/08/2025, with an explicit reinvestment from a dividend paid at $0.21 per share. The DSUs convert to common shares only after termination plus one year, indicating a post‑service deferral feature commonly used to encourage long‑term stewardship. The incremental amount is small relative to the total reported beneficial ownership of 30,378.457 units, so the near‑term economic impact is limited.

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^*

STILL DEBRA

(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 transaction did Debra Still report on Form 4 for ACT?

The Form 4 reports the acquisition of 168 deferred stock units on 09/08/2025.

How many shares or units does Debra Still beneficially own after the reported transaction?

The filing shows 30,378.457 beneficially owned following the reported transaction.

When do the deferred stock units become payable?

The deferred stock units become payable in shares of common stock one year after termination of service as a director.

Was the acquisition a cash purchase?

No cash price was reported; the filing notes the units were credited under dividend reinvestment terms from a dividend paid on 09/08/2025 at $0.21 per share.

Who signed the Form 4 filing?

The Form 4 was signed by Joe Jacumin, by power of attorney, dated 09/10/2025.