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

Rhea-AI Filing Summary

Enact Holdings insider reported acquisitions of restricted stock units (RSUs). Controller James McMullen received multiple RSU awards that will convert 1:1 into common stock. On 09/08/2025 he was credited with incremental RSUs (6, 9, 7 and 12 units) that arose in part from a quarterly dividend reinvestment at $0.21 per share. Each RSU tranche vests and converts into common stock in three equal annual installments, with vesting schedules beginning on Feb 9, 2024; Feb 16, 2025; Apr 1, 2025; and Feb 21, 2026 respectively. The filing shows the resulting beneficial ownership counts for each tranche as 961, 1,617, 1,168, and 2,058 shares following the reported transactions.

Positive

• Insider participation in dividend reinvestment shows alignment of executive compensation with equity ownership
• Vesting schedules disclosed provide transparency on when additional shares will enter the market

Negative

• No material negative developments disclosed in this filing

Insights

Securities Analyst

TL;DR: Director/officer received small additional RSUs via dividend reinvestment; impact is routine and non-material to valuation.

The reported transactions are acquisitions of modest-sized restricted stock units that convert 1:1 into common shares and follow standard vesting schedules. The increases were driven partly by a $0.21 quarterly dividend reinvestment mechanism, not by an extraordinary cash compensation event. For investors this is a routine insider holding change and does not by itself indicate material company events.

Corporate Governance Expert

TL;DR: Insider reinvestment into RSUs is a governance-level compensation administration detail with limited market significance.

The form documents typical equity compensation mechanics: dividend reinvestment into additional RSUs and multi-year vesting. The filing clarifies vesting commencement dates for multiple awards, which is useful for monitoring future share releases, but the reported unit counts are small relative to typical public-company floats and present no immediate governance concerns.

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^*

McMullen James

(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)
	Controller

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
Restricted Stock Units	(1)	09/08/2025		A		6		(2)	(2)	Common Stock	6	$0(3)	961	D
Restricted Stock Units	(1)	09/08/2025		A		9		(4)	(4)	Common Stock	9	$0(3)	1,617	D
Restricted Stock Units	(1)	09/08/2025		A		7		(5)	(5)	Common Stock	7	$0(3)	1,168	D
Restricted Stock Units	(1)	09/08/2025		A		12		(6)	(6)	Common Stock	12	$0(3)	2,058	D

Explanation of Responses:

1. Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.

2. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 9, 2024

3. Additional restricted stock units acquired pursuant to reinvestment terms in the restricted stock unit award agreement resulting from a quarterly dividend at $0.21 per share, paid on September 8, 2025.

4. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 16, 2025

5. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on April 1, 2025

6. Restricted Stock Units vest and convert to Common Stock in three equal annual installments beginning on February 21, 2026

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 transactions did Enact Holdings (ACT) insider James McMullen report?

He reported acquisitions of restricted stock units (RSUs) on 09/08/2025: increments of 6, 9, 7, and 12 RSUs arising in part from a dividend reinvestment.

How do the reported RSUs convert into Enact Holdings common stock?

Each RSU settles 1:1 into shares of common stock upon vesting according to the award terms.

What dividend amount triggered the reinvestment that increased RSUs?

The filing states a quarterly dividend of $0.21 per share paid on September 8, 2025 that resulted in additional RSUs.

When do the reported RSU tranches vest and convert?

Vesting begins in three equal annual installments for each tranche, with start dates of Feb 9, 2024, Feb 16, 2025, Apr 1, 2025, and Feb 21, 2026 respectively.

What were the beneficial ownership counts after the transactions?

The filing lists resulting beneficial ownership counts of 961, 1,617, 1,168, and 2,058 shares for the respective tranches.