Genworth trims Enact (ACT) stake via issuer share repurchase deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Holdings, Inc., a major shareholder of Enact Holdings, Inc., reported an open-market sale of 560,453 shares of Enact common stock. The shares were sold at $42.5521 per share under a Share Repurchase Agreement between Enact and Genworth dated February 2, 2026.
Following this transaction, Genworth Holdings directly owns 112,809,079 Enact shares and, according to the filing, holds approximately 81% of Enact’s outstanding common stock. The sale price was determined pursuant to the Agreement based on a weighted average price paid by Enact for purchases from third parties.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 560,453 shares ($23,848,452)
Net Sell
1 txn
Insider
Genworth Holdings, Inc.
Role
null
Sold
560,453 shs ($23.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 560,453 | $42.5521 | $23.85M |
Holdings After Transaction:
Common Stock — 112,809,079 shares (Direct, null)
Footnotes (1)
- 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 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. Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock of the Issuer.
Key Figures
Shares sold: 560,453 shares
Sale price: $42.5521 per share
Shares owned after sale: 112,809,079 shares
+2 more
5 metrics
Shares sold
560,453 shares
Common stock sold on April 30, 2026
Sale price
$42.5521 per share
Price determined under Share Repurchase Agreement
Shares owned after sale
112,809,079 shares
Enact common stock held directly by Genworth Holdings
Ownership percentage
approximately 81%
Genworth’s stake in Enact outstanding common stock
Agreement date
February 2, 2026
Date of Share Repurchase Agreement between Enact and Genworth
Key Terms
Share Repurchase Agreement, weighted average price, open-market sale, Form 8-K, +1 more
5 terms
weighted average price financial
"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."
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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 8-K regulatory
"A copy of the Agreement can be found as exhibit 99.4 to the Issuer's Form 8-K filed on February 3, 2026"
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
FAQ
What transaction did Genworth Holdings report in its Enact (ACT) Form 4 filing?
Genworth Holdings reported selling 560,453 shares of Enact common stock. The transaction was recorded as an open-market sale at $42.5521 per share, executed under a Share Repurchase Agreement between Enact Holdings, Inc. and Genworth Holdings dated February 2, 2026.