Genworth trims Enact Holdings (ACT) stake with 605K-share buyback sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Holdings, Inc., a major shareholder of Enact Holdings, Inc., reported selling 605,067 shares of Enact common stock on June 30, 2026. The shares were sold at a price of $42.277 per share pursuant to a Share Repurchase Agreement between Enact and Genworth dated February 2, 2026.
After this transaction, Genworth directly holds 111,601,572 Enact shares and owns approximately 81% of Enact’s outstanding common stock. The filing characterizes the transaction as a sale and notes that the repurchase price was determined under the agreement using a weighted average price Enact paid for purchases from third parties.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 605,067 shares ($25,580,418)
Net Sell
1 txn
Insider
Genworth Holdings, Inc.
Role
null
Sold
605,067 shs ($25.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 605,067 | $42.277 | $25.58M |
Holdings After Transaction:
Common Stock — 111,601,572 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: 605,067 shares
Sale price per share: $42.277 per share
Shares held after transaction: 111,601,572 shares
+1 more
4 metrics
Shares sold
605,067 shares
Common stock sale on June 30, 2026
Sale price per share
$42.277 per share
Price determined under Share Repurchase Agreement
Shares held after transaction
111,601,572 shares
Genworth’s direct Enact holdings after sale
Ownership percentage
approximately 81%
Genworth ownership of Enact outstanding common stock
Key Terms
Share Repurchase Agreement, weighted average price, ten percent owner, open-market sale
4 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.
ten percent owner financial
"Genworth Holdings, Inc. is marked as a ten percent owner of the Issuer."
open-market sale financial
"transaction_action is described as an open-market sale for the common stock transaction."
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.
FAQ
What insider transaction did Genworth Holdings report in Enact Holdings (ACT) stock?
Genworth Holdings reported selling 605,067 shares of Enact common stock. The sale occurred on June 30, 2026 at $42.277 per share under a Share Repurchase Agreement between Enact and Genworth, reflecting an issuer share buyback from a large shareholder.
Was the Genworth transaction in Enact (ACT) an open-market sale?
The Form 4 uses a sale code, but a footnote clarifies the sale was effected under a Share Repurchase Agreement with Enact. This indicates Enact repurchased the 605,067 shares directly from Genworth rather than Genworth selling these shares into the open market.