AII director Sowell reports sale and 4,768,861 shares still held
Rhea-AI Filing Summary
James E. Sowell and Sowell Investments Holding Co., LLC reported selling 2,353,200 shares of American Integrity Insurance Group, Inc. (AII) common stock at a net price of $19.00 per share in an underwritten public offering. The transaction is coded as a sale and relates to the issuer’s common stock with a par value of $0.001 per share.
Following this transaction, 4,768,861 shares of AII common stock are reported as beneficially owned indirectly through Sowell Investments Holding Co., LLC. The filing is made jointly by Mr. Sowell and the LLC, and Mr. Sowell is identified as a director of the company. The reporting persons state they may be deemed beneficial owners or part of a group under securities laws but expressly disclaim such status except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large director-affiliated secondary sale via underwritten offering reduces reported holdings but keeps a significant indirect stake.
This filing reports a significant sale of 2,353,200 shares of American Integrity Insurance Group, Inc. common stock on
The transaction is a secondary sale by an existing holder, so it reflects a change in ownership rather than issuance of new shares. The reporting persons calculate their position in a cautious way, formally disclaiming beneficial ownership except to the extent of their pecuniary interest, and also disclaiming being part of a "group" for Section 13(d)/(g) purposes. The key dependency is how this reduced reported stake alters alignment and influence of this director-affiliated holder, while still leaving a substantial indirect position.
Items to track from this filing include the completed underwritten offering at
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,353,200 | $19.00 | $44.71M |
Footnotes (1)
- The shares were sold in connection with an underwritten public offering of shares of common stock, par value $0.001 per share (the "Common Stock"), of American Integrity Insurance Group, Inc. (the "Issuer") at a net price per share of $19.00, after underwriting discounts and commissions. Consists of shares of Common Stock, directly held by Sowell Investments Holding Co., LLC, of which James E. Sowell is the sole manager. This statement is jointly filed by and on behalf of each of Mr. Sowell and Sowell Investments Holding Co., LLC. Mr. Sowell directly (whether through ownership or position) or indirectly may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise to beneficially own any securities owned by Sowell Investments Holding Co., LLC. The reporting persons each disclaim beneficial ownership of the securities covered by this statement, (Continued from footnote 2) except to the extent of the pecuniary interest of such reporting person in such securities. Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. The reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Exchange Act. The reporting persons declare that neither the filing of this statement nor anything herein shall be construed as an admission that such persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
FAQ
What did James E. Sowell report in this Form 4 for AII?
The Form 4 reports that James E. Sowell, a director of American Integrity Insurance Group, Inc. (AII), and Sowell Investments Holding Co., LLC jointly reported a sale of AII common stock in connection with an underwritten public offering.
What is James E. Sowell’s relationship to American Integrity Insurance Group (AII)?
The Form 4 identifies James E. Sowell as a director of American Integrity Insurance Group, Inc. The box for director is checked, while the officer and other relationship boxes are not.
How is beneficial ownership and group status described in this AII Form 4?
The reporting persons state they may be deemed to beneficially own the securities or to be a member of a group under Sections 13(d), 13(g), or 16 of the Exchange Act, but they disclaim beneficial ownership and group status except to the extent of their pecuniary interest.