AMERISAFE director receives 2,340-share stock grant

BROWN MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BROWN MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

AMERISAFE INC director Michael J. Brown received a grant of 2,340 shares of common stock on June 10, 2026. The shares were awarded at no cash cost to him as equity compensation.

The award is subject to restrictions that will lapse at the issuer's 2027 annual meeting of shareholders. Following this grant, Brown directly holds 15,761 shares of AMERISAFE common stock.

Insider Trade Summary

Grant/Award: 2,340 shares

Grant/Award 1 txn

Insider BROWN MICHAEL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01	2,340	$0.00	$0.00

Holdings After Transaction: Common stock, par value $0.01 — 15,761 shares (Direct)

Footnotes (1)

1. F1. Subject to restrictions that will lapse at the time of the Issuer's 2027 annual meeting of shareholders.

Key Figures

Shares granted: 2,340 shares Grant price: $0.00 per share Shares held after: 15,761 shares +2 more

5 metrics

Shares granted 2,340 shares Equity award on June 10, 2026

Grant price $0.00 per share Reported transaction price for stock award

Shares held after 15,761 shares Director’s direct holdings following the grant

Transaction code A Grant, award, or other acquisition of common stock

Restriction lapse 2027 annual meeting Restrictions lapse at issuer’s 2027 shareholder meeting

Key Terms

Grant, award, or other acquisition, Common stock, par value $0.01, annual meeting of shareholders

3 terms

Grant, award, or other acquisition financial

"The award is classified as a grant or other acquisition under Form 4 rules"

Common stock, par value $0.01 financial

"security_title: Common stock, par value $0.01"

annual meeting of shareholders regulatory

"restrictions that will lapse at the Issuer's 2027 annual meeting of shareholders"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AMERISAFE (AMSF) report for Michael J. Brown?

AMERISAFE reported that director Michael J. Brown received a grant of 2,340 shares of common stock on June 10, 2026. The award is classified as a grant or other acquisition under Form 4 rules, reflecting equity-based compensation rather than an open-market purchase.

At what price were the AMERISAFE (AMSF) shares granted to Michael J. Brown?

The 2,340 AMERISAFE shares granted to Michael J. Brown carried a reported price of $0.00 per share. This indicates a compensation-related stock award, not a market transaction where the director paid cash to acquire the shares.

What are the vesting restrictions on Michael J. Brown’s AMERISAFE (AMSF) stock grant?

The grant is subject to restrictions that will lapse at AMERISAFE’s 2027 annual meeting of shareholders. Until that meeting occurs, the awarded shares remain restricted, which typically limits transferability or full ownership benefits for the director.

How many AMERISAFE (AMSF) shares does Michael J. Brown hold after this grant?

After receiving the 2,340-share award, Michael J. Brown directly holds 15,761 shares of AMERISAFE common stock. This post-transaction figure reflects his updated direct ownership position as reported in the Form 4 filing.

Is Michael J. Brown’s AMERISAFE (AMSF) transaction a buy or a grant?

The filing classifies the transaction as a grant, award, or other acquisition, not an open-market buy. It is coded as an “A” transaction, indicating equity compensation rather than a discretionary purchase of AMERISAFE shares in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 04:10 PM EDT Learn about SEC filing dates

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^*

BROWN MICHAEL J

(Last) (First) (Middle)

5 ROSA PARK

(Street)

NEW ORLEANS LOUISIANA 70115

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERISAFE INC [ AMSF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common stock, par value $0.01	06/10/2026		A		2,340(1)	A	$0	15,761	D

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

Explanation of Responses:

1. Subject to restrictions that will lapse at the time of the Issuer's 2027 annual meeting of shareholders.

	/s/ Kathryn H. Shirley, attorney-in-fact for Michael J. Brown	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)