Enact Holdings (ACT) repurchases 523,226 shares from major holder Genworth
Rhea-AI Filing Summary
Genworth Holdings, Inc., a major shareholder of Enact Holdings, Inc., reported selling 523,226 shares of Enact common stock on July 31, 2026. The sale was made to Enact pursuant to a Share Repurchase Agreement dated February 2, 2026, at a price of $45.9192 per share, determined as a weighted average under the agreement’s terms. Following this transaction, Genworth holds 111,078,346 Enact shares, representing approximately 81% of Enact’s outstanding common stock. The filing indicates the transaction was not executed under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Seller: 523,226 shares
Net Sell
1 txn
Insider
Genworth Holdings, Inc.
Role
10% Owner
Sold
523,226 shs ($24.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 523,226 | $45.9192 | $24.03M |
Holdings After Transaction:
Common Stock — 111,078,346 shares (Direct)
Footnotes (3)
- F1. 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
- F2. 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.
- F3. Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock of the Issuer.
Key Figures
Shares sold: 523,226 shares
Sale price per share: $45.9192
Shares owned after transaction: 111,078,346 shares
+1 more
4 metrics
Shares sold
523,226 shares
Common stock sold by Genworth Holdings on July 31, 2026
Sale price per share
$45.9192
Price per share determined under the Share Repurchase Agreement
Shares owned after transaction
111,078,346 shares
Genworth’s remaining Enact common stock holdings post-transaction
Ownership percentage
81%
Approximate portion of Enact outstanding common stock owned by Genworth
Key Terms
Share Repurchase Agreement, weighted average price, ten percent owner
3 terms
weighted average price financial
"Represents a price per share determined under the Agreement, based on a weighted average price."
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. is identified as a ten percent owner of Enact."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Genworth report in its Form 4 for Enact Holdings (ACT)?
Genworth Holdings, Inc. reported a sale of 523,226 shares of Enact Holdings common stock. The shares were sold to Enact under a Share Repurchase Agreement dated February 2, 2026, rather than through open-market trading.
What percentage of Enact Holdings (ACT) does Genworth own after the transaction?
Genworth Holdings, Inc. owns approximately 81% of Enact Holdings’ outstanding common stock. This percentage is explicitly stated in the footnotes and reflects Genworth’s continued status as a controlling shareholder.