Bowhead (NYSE: BOW) CFO awarded RSUs, surrenders shares for taxes

Rhea-AI Filing Summary

Bowhead Specialty Holdings Inc. CFO and Treasurer Brad Mulcahey reported equity compensation and related tax-withholding transactions in the company’s common stock.

On February 19, 2026, he acquired 25,145 shares through a grant of restricted stock units. On February 20, 2026, he disposed of 1,274 shares, surrendered to the issuer to cover required tax withholdings upon RSU vesting at $24.90 per share. Following these transactions, he directly owned 136,327 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mulcahey Brad

Role CFO and Treasurer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,274	$24.90	$32K
Grant/Award	Common Stock	25,145	$0.00	--

Holdings After Transaction: Common Stock — 136,327 shares (Direct)

Footnotes (1)

1. Reflects a grant of restricted stock units. Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of restricted stock units.

Form 4 Insider Transactions: What Each Field Means →

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^*

Mulcahey Brad

(Last) (First) (Middle)

C/O BOWHEAD SPECIALTY HOLDINGS INC.

452 FIFTH AVENUE

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bowhead Specialty Holdings Inc. [ BOW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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
Common Stock	02/19/2026		A		25,145(1)	A	$0	137,601	D
Common Stock	02/20/2026		F		1,274(2)	D	$24.9	136,327	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. Reflects a grant of restricted stock units.

2. Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of restricted stock units.

Remarks:

	/s/ H. Matthew Crusey, as attorney-in-fact	02/23/2026
	** 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.

FAQ

What insider transactions did Bowhead (BOW) CFO Brad Mulcahey report?

Brad Mulcahey reported an RSU equity award and a tax-withholding share surrender. He received 25,145 common shares via restricted stock unit grant, then surrendered 1,274 shares to Bowhead to satisfy tax withholdings tied to RSU vesting.

How many Bowhead (BOW) shares did the CFO acquire in this Form 4?

The CFO acquired 25,145 Bowhead common shares through a grant of restricted stock units. The filing characterizes this as a grant, award, or other acquisition, increasing his direct ownership before a subsequent tax-withholding surrender.

Why did the Bowhead (BOW) CFO dispose of 1,274 shares?

He surrendered 1,274 shares to Bowhead to pay required tax withholdings due upon vesting of restricted stock units. This disposition is labeled as a tax-withholding transaction, not an open-market sale, at a price of $24.90 per share.

What is Brad Mulcahey’s Bowhead (BOW) share ownership after these transactions?

After the RSU grant and subsequent tax-withholding surrender, Brad Mulcahey directly owns 136,327 Bowhead common shares. This figure reflects his reported holdings immediately following the February 20, 2026 tax-withholding transaction.

Are the Bowhead (BOW) insider transactions open-market buys or sells?

The reported transactions are equity compensation related, not open-market trades. One is a grant of 25,145 restricted stock units, and the other is a surrender of 1,274 shares to Bowhead to cover RSU-related tax withholdings.