[Form 4] Accelerant Holdings Insider Trading Activity

Rhea-AI Filing Summary

Accelerant Holdings (ARX) – Form 4 insider activity. Director & General Counsel Nancy Hasley reported several transactions dated 07/25/2025 that coincided with the company’s initial public offering.

• Conversions (Code C): 1,368,640 Class A shares received for limited-partnership interests; 512,531 shares received indirectly via an irrevocable trust; 17,025 shares issued from automatic conversion of preference shares.
• Open-market purchase (Code P): Hasley’s spouse bought 500 Class A shares at $21 through the IPO’s directed-share program.
• Redemption (Code D): 22,190 redeemable preference shares were redeemed by the issuer at $31.55 per share.

Post-transactions Hasley owns 1,385,665 Class A shares directly and 512,531 shares indirectly, for total beneficial exposure of roughly 1.9 million shares. The filing reflects mandatory IPO-related conversions rather than sales, suggesting the insider maintains a substantial equity stake aligned with public shareholders.

Positive

• Director retains approximately 1.9 million Class A shares post-IPO, demonstrating insider alignment with new shareholders.
• Spouse’s open-market purchase, though small, signals confidence at the $21 IPO price.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider keeps ~1.9 M ARX shares post-IPO; no sales; small buy by spouse—neutral to mildly positive signal.

The bulk of the reported activity is mechanical: LP interests and preference shares converted into Class A stock as part of Accelerant’s IPO structure. No shares were sold into the market, so supply pressure is unchanged. Direct and indirect ownership of about 1.9 million shares gives the General Counsel a meaningful 1%+ stake (exact float not disclosed), aligning incentives with new public investors. The spouse’s 500-share purchase at $21 is immaterial financially but does indicate confidence at the IPO price. Overall impact on valuation or float is negligible; governance optics are modestly favorable.

Corporate Governance Expert

TL;DR: Mandatory conversions dominate; insider retains significant stake, enhancing alignment; governance risk unchanged.

Form 4 shows standard pre-IPO capital reorganization: LP and preference securities converted into common. Retention of shares rather than sale supports long-term commitment narratives common in newly listed entities. Indirect holdings via a trust are properly disclosed with disclaimers, satisfying transparency norms. No red flags on timing, pricing, or selective disposition. While the data are governance-neutral, continued insider ownership is viewed positively by many institutional screens.

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).

1. Name and Address of Reporting Person^*

Hasley Nancy

(Last) (First) (Middle)

UNIT 106, WINDWARD 3

REGATTA OFFICE PARK, WEST BAY ROAD

(Street)

GRAND CAYMAN E9 KY1-1108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Accelerant Holdings [ ARX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

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

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

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

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
Class A Common Shares	07/25/2025		C		1,368,640	A	(1)	1,368,640	D
Class A Common Shares	07/25/2025		C		512,531	A	(1)	512,531	I	By Trust(5)
Class A Common Shares	07/25/2025		C		17,025	A	(2)	1,385,665	D
Class A Common Shares	07/25/2025		P(3)		500	A	$21	500	I	By Spouse

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
LP Interests of Accelerant Holdings LP	(1)	07/25/2025		C			34,242,081	(1)	(1)	Class A Common Shares	1,368,640	$0	0	D
LP Interests of Accelerant Holdings LP	(1)	07/25/2025		C			50,000	(1)	(1)	Class A Common Shares	512,531	$0	0	I	By Trust(5)
Convertible Preference Shares	(2)	07/25/2025		C			17,025	(2)	(2)	Class A Common Shares	17,025	$0	0	D
Redeemable Preference Shares	(4)	07/25/2025		D(4)			22,190	(4)	(4)	Common Shares	22,190	$31.55	0	D

Explanation of Responses:

1. In connection with the Issuer's initial public offering ("IPO"), these limited partnership interests of Accelerant Holdings LP were exchanged for Class A Common Shares of the Issuer in proportion to the economic interests represented by the limited partnership interests.

2. In connection with the Issuer's IPO, these shares of the Issuer's Preference Shares automatically converted into Class A Common Shares of the Issuer at a 1-for-1 conversion rate.

3. These Class A Common Shares were purchased by the Reporting Person's spouse through a directed share program in connection with the Issuer's IPO.

4. In connection with the Issuer's IPO, these Redeemable Preference Shares were redeemed by the Issuer at a redemption price of $31.55 per share.

5. These securities are held in an irrevocable trust over which the Reporting Person exercises investment discretion, and for which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership over these securities, except to the extent of her pecuniary interest therein.

	/s/ Robert Hardy, Attorney-in-Fact	07/29/2025
	** 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).
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FAQ

How many Accelerant Holdings (ARX) shares does Nancy Hasley own after the IPO?

Approximately 1,385,665 Class A shares directly and 512,531 indirectly via a trust, totaling about 1.9 million.

What transactions were reported in ARX's Form 4 dated 07/25/2025?

Conversions of LP interests and preference shares into common stock, redemption of preference shares, and a 500-share purchase by Hasley’s spouse.

Were any shares sold by the insider?

No. The filing shows conversions and one small purchase; no sales of Class A shares occurred.

At what price were the spouse’s shares bought?

The spouse purchased 500 Class A shares at $21 through the IPO’s directed share program.

What was the redemption price of the Redeemable Preference Shares?

The shares were redeemed by the issuer at $31.55 per share.