Badly Bent LLC tied to ARX (ARX) CEO sells 80,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Accelerant Holdings director and CEO Jeffrey L. Radke reported an indirect sale of Class A Common Shares through an affiliated LLC. On July 6, 2026, entity Badly Bent LLC sold 80,000 shares at a weighted average price of $13.3278 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 24, 2026. The filing notes these shares were sold in multiple trades between $13.18 and $13.69 per share. Following the transactions, Badly Bent LLC held 28,021,939 shares, while Radke also had 333,652 shares held directly and 249,951 shares held in a trust for his spouse, over which he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine pre-planned sale via LLC with large remaining position.
The filing shows an affiliated entity, Badly Bent LLC, sold 80,000 Class A Common Shares at a weighted average of $13.3278 on July 6, 2026. The transaction is coded as an open-market sale and executed under a Rule 10b5-1 trading plan adopted on March 24, 2026, indicating it was pre-scheduled rather than opportunistic.
After the sale, Badly Bent LLC still held 28,021,939 shares, while the reporting person also had 333,652 shares directly and 249,951 shares in a spouse’s trust. This suggests the disposed amount is small relative to the visible overall holdings. The 10b5-1 plan and remaining stake point to a routine liquidity event rather than a directional signal, based solely on this filing.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares | 80,000 | $13.3278 | $1.07M |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.18 to $13.69, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. These securities are held directly by Badly Bent LLC. The Reporting Person is the manager of the sole member of Badly Bent LLC. The Reporting Person disclaims beneficial ownership over these securities, except to the extent of his pecuniary interest therein. These securities are held in trust for the benefit of the Reporting Person's spouse, who is the trustee of the trust. The Reporting Person disclaims beneficial ownership over these securities, except to the extent of his pecuniary interest therein.