[Form 4] Bowhead Specialty Holdings Inc. Insider Trading Activity
Matthew Botein, a director and reported 10% owner of Bowhead Specialty Holdings Inc. (BOW), sold 2,000,000 shares of the issuer's common stock at $30.66 per share in connection with an underwritten public offering on 08/08/2025. The filing reports that following the transaction the Reporting Person is associated with indirect beneficial ownership of 8,968,445 shares through GPC Partners Investments (SPV III) LP, while disclaiming beneficial ownership of those shares except to the extent of any pecuniary interest.
The footnotes disclose that Gallatin Point Capital entities manage the GPC vehicle and that a Voting Agreement links GPC Fund and American Family Mutual Insurance Company, S.I., which may be deemed a group for purposes of voting and investment decisions.
Matthew Botein, direttore e riportato come titolare del 10% di Bowhead Specialty Holdings Inc. (BOW), ha venduto 2.000.000 di azioni ordinarie dell'emittente a 30,66 $ per azione in relazione a un'offerta pubblica sottoscritta il 08/08/2025. Il deposito indica che, a seguito della transazione, la Persona Segnalante è correlata alla titolarità indiretta di 8,968,445 azioni tramite GPC Partners Investments (SPV III) LP, pur rinunciando a rivendicare la titolarità beneficiaria di tali azioni eccetto nella misura di un eventuale interesse pecuniario.
Le note a piè di pagina precisano che entità di Gallatin Point Capital gestiscono il veicolo GPC e che un Accordo di Voto collega il GPC Fund e American Family Mutual Insurance Company, S.I., i quali potrebbero essere considerati un gruppo ai fini delle decisioni di voto e di investimento.
Matthew Botein, director y señalado como propietario del 10% de Bowhead Specialty Holdings Inc. (BOW), vendió 2.000.000 de acciones ordinarias del emisor a 30,66 $ por acción en relación con una oferta pública suscrita el 08/08/2025. El informe indica que, tras la operación, la Persona Informante está vinculada a la titularidad indirecta de 8,968,445 acciones a través de GPC Partners Investments (SPV III) LP, al tiempo que renuncia a reclamar la propiedad beneficiaria de dichas acciones, salvo en la medida de cualquier interés pecuniario.
Las notas al pie revelan que entidades de Gallatin Point Capital administran el vehículo GPC y que un Acuerdo de Votación vincula al GPC Fund con American Family Mutual Insurance Company, S.I., los cuales podrían considerarse un grupo a efectos de las decisiones de voto e inversión.
매튜 보테인(Matthew Botein)은 이사이자 Bowhead Specialty Holdings Inc.(BOW)의 약 10% 보유자로 알려져 있으며, 2025-08-08에 인수된 공개발행과 관련해 발행회사의 보통주 2,000,000주를 주당 30.66달러에 매각했습니다. 서류는 거래 이후 보고인(Reporting Person)이 GPC Partners Investments (SPV III) LP를 통해 간접적으로 8,968,445주를 보유하고 있음을 보고하면서도, 금전적 이익이 있는 부분을 제외하고는 해당 주식에 대한 실질적 소유권을 주장하지 않는다고 명시하고 있습니다.
각주에는 Gallatin Point Capital 계열사가 GPC 차량을 운용하고 있으며, GPC Fund와 American Family Mutual Insurance Company, S.I.를 연결하는 의결권 합의가 있어 이들이 의결 및 투자 결정의 목적상 그룹으로 간주될 수 있음을 밝히고 있습니다.
Matthew Botein, administrateur et propriétaire déclaré d'environ 10 % de Bowhead Specialty Holdings Inc. (BOW), a vendu 2 000 000 d'actions ordinaires de l'émetteur au prix de 30,66 $ par action dans le cadre d'une offre publique souscrite le 08/08/2025. Le dossier indique qu'à la suite de la transaction, la personne déclarante est liée à une détention indirecte de 8,968,445 actions via GPC Partners Investments (SPV III) LP, tout en déniant la qualité de propriétaire bénéficiaire de ces actions, sauf dans la mesure d'un éventuel intérêt pécuniaire.
Les notes de bas de page révèlent que des entités de Gallatin Point Capital gèrent le véhicule GPC et qu'un accord de vote lie le GPC Fund à American Family Mutual Insurance Company, S.I., qui pourraient être considérés comme un groupe aux fins des décisions de vote et d'investissement.
Matthew Botein, Direktor und als etwa 10%-Eigentümer von Bowhead Specialty Holdings Inc. (BOW) gemeldet, verkaufte am 08.08.2025 im Zusammenhang mit einem gezeichneten öffentlichen Angebot 2.000.000 Stammaktien des Emittenten zu je 30,66 $. Die Einreichung berichtet, dass die meldende Person nach der Transaktion über GPC Partners Investments (SPV III) LP mit einer indirekten wirtschaftlichen Beteiligung an 8,968,445 Aktien verbunden ist, dabei jedoch die wirtschaftliche Eigentümerschaft an diesen Aktien mit Ausnahme eines etwaigen pecuniären Interesses bestreitet.
Die Fußnoten legen offen, dass Einheiten von Gallatin Point Capital das GPC-Fahrzeug verwalten und dass ein Stimmrechtsabkommen den GPC Fund mit American Family Mutual Insurance Company, S.I. verbindet, die für Abstimmungs- und Investitionsentscheidungen als Gruppe angesehen werden könnten.
- Underwritten offering completed at a clear per-share price of $30.66, providing transparent execution for the sold shares
- Substantial continued interest: Reporting Person remains associated with 8,968,445 indirectly held shares via GPC Fund
- Insider sale of 2,000,000 shares may be viewed as reducing insider-held free float or signaling liquidity preference
- Complex ownership disclosures and disclaimers (GPC Fund, Gallatin Point, Voting Agreement with AFMIC) could complicate assessment of voting control
Insights
TL;DR: Director sold 2.0M shares at $30.66; retains material indirect stake of 8.97M shares via GPC Fund.
The sale of 2,000,000 shares at $30.66 was executed in an underwritten public offering, indicating the shares were sold into a market transaction tied to an offering rather than a private disposition. The Reporting Person still is associated with 8,968,445 indirectly held shares, which represents a substantial ownership position that could maintain alignment with other large holders. The filing is informational and does not disclose company proceeds, dilution from the offering, or changes to board composition.
TL;DR: Insider selling in offering, but disclosed group arrangements and disclaimers leave governance influence unclear.
Footnotes explicitly show governance and voting structures: Gallatin Point entities manage the GPC Fund and the Reporting Person and a co-founder jointly make voting and investment decisions for that fund, while a Voting Agreement with AFMIC may create a group. The Reporting Person's disclaimer of beneficial ownership for GPC Fund and AFMIC holdings is standard but important for clarity on actual control versus economic interest. Investors should note the documented group relationships when assessing shareholder voting blocs.
Matthew Botein, direttore e riportato come titolare del 10% di Bowhead Specialty Holdings Inc. (BOW), ha venduto 2.000.000 di azioni ordinarie dell'emittente a 30,66 $ per azione in relazione a un'offerta pubblica sottoscritta il 08/08/2025. Il deposito indica che, a seguito della transazione, la Persona Segnalante è correlata alla titolarità indiretta di 8,968,445 azioni tramite GPC Partners Investments (SPV III) LP, pur rinunciando a rivendicare la titolarità beneficiaria di tali azioni eccetto nella misura di un eventuale interesse pecuniario.
Le note a piè di pagina precisano che entità di Gallatin Point Capital gestiscono il veicolo GPC e che un Accordo di Voto collega il GPC Fund e American Family Mutual Insurance Company, S.I., i quali potrebbero essere considerati un gruppo ai fini delle decisioni di voto e di investimento.
Matthew Botein, director y señalado como propietario del 10% de Bowhead Specialty Holdings Inc. (BOW), vendió 2.000.000 de acciones ordinarias del emisor a 30,66 $ por acción en relación con una oferta pública suscrita el 08/08/2025. El informe indica que, tras la operación, la Persona Informante está vinculada a la titularidad indirecta de 8,968,445 acciones a través de GPC Partners Investments (SPV III) LP, al tiempo que renuncia a reclamar la propiedad beneficiaria de dichas acciones, salvo en la medida de cualquier interés pecuniario.
Las notas al pie revelan que entidades de Gallatin Point Capital administran el vehículo GPC y que un Acuerdo de Votación vincula al GPC Fund con American Family Mutual Insurance Company, S.I., los cuales podrían considerarse un grupo a efectos de las decisiones de voto e inversión.
매튜 보테인(Matthew Botein)은 이사이자 Bowhead Specialty Holdings Inc.(BOW)의 약 10% 보유자로 알려져 있으며, 2025-08-08에 인수된 공개발행과 관련해 발행회사의 보통주 2,000,000주를 주당 30.66달러에 매각했습니다. 서류는 거래 이후 보고인(Reporting Person)이 GPC Partners Investments (SPV III) LP를 통해 간접적으로 8,968,445주를 보유하고 있음을 보고하면서도, 금전적 이익이 있는 부분을 제외하고는 해당 주식에 대한 실질적 소유권을 주장하지 않는다고 명시하고 있습니다.
각주에는 Gallatin Point Capital 계열사가 GPC 차량을 운용하고 있으며, GPC Fund와 American Family Mutual Insurance Company, S.I.를 연결하는 의결권 합의가 있어 이들이 의결 및 투자 결정의 목적상 그룹으로 간주될 수 있음을 밝히고 있습니다.
Matthew Botein, administrateur et propriétaire déclaré d'environ 10 % de Bowhead Specialty Holdings Inc. (BOW), a vendu 2 000 000 d'actions ordinaires de l'émetteur au prix de 30,66 $ par action dans le cadre d'une offre publique souscrite le 08/08/2025. Le dossier indique qu'à la suite de la transaction, la personne déclarante est liée à une détention indirecte de 8,968,445 actions via GPC Partners Investments (SPV III) LP, tout en déniant la qualité de propriétaire bénéficiaire de ces actions, sauf dans la mesure d'un éventuel intérêt pécuniaire.
Les notes de bas de page révèlent que des entités de Gallatin Point Capital gèrent le véhicule GPC et qu'un accord de vote lie le GPC Fund à American Family Mutual Insurance Company, S.I., qui pourraient être considérés comme un groupe aux fins des décisions de vote et d'investissement.
Matthew Botein, Direktor und als etwa 10%-Eigentümer von Bowhead Specialty Holdings Inc. (BOW) gemeldet, verkaufte am 08.08.2025 im Zusammenhang mit einem gezeichneten öffentlichen Angebot 2.000.000 Stammaktien des Emittenten zu je 30,66 $. Die Einreichung berichtet, dass die meldende Person nach der Transaktion über GPC Partners Investments (SPV III) LP mit einer indirekten wirtschaftlichen Beteiligung an 8,968,445 Aktien verbunden ist, dabei jedoch die wirtschaftliche Eigentümerschaft an diesen Aktien mit Ausnahme eines etwaigen pecuniären Interesses bestreitet.
Die Fußnoten legen offen, dass Einheiten von Gallatin Point Capital das GPC-Fahrzeug verwalten und dass ein Stimmrechtsabkommen den GPC Fund mit American Family Mutual Insurance Company, S.I. verbindet, die für Abstimmungs- und Investitionsentscheidungen als Gruppe angesehen werden könnten.
FAQ
What did Matthew Botein report on the Form 4 for Bowhead (BOW)?
How many Bowhead shares does the reporting person still hold indirectly after the transaction?
Was the sale part of an offering or a private transaction?
What entities govern the indirect holdings reported in the Form 4?
Is there any voting agreement disclosed in the filing for BOW holdings?
