Enstar Group Limited SEC Filings

Lemonade, Inc. (symbol LMND) has filed a Form 144 notice covering a proposed sale of 11,000 common shares. The shares are intended to be sold on 07 July 2025 through Fidelity Brokerage Services LLC on the NYSE at an aggregate market value of $466,400. The notice states that 73,266,170 shares of the class are outstanding, so the planned sale represents roughly 0.015 % of that total.

The filing is submitted on behalf of Timothy E. Bixby, the “person for whose account the securities are to be sold.” Acquisition information shows the shares derive from an option granted 01 Dec 2019, exercised for cash on 07 July 2025.

Prior insider activity: Over the past three months, the same seller has executed seven separate transactions totaling 45,916 shares for gross proceeds of approximately $1.86 million, with individual sale dates ranging from 03 June 2025 to 30 June 2025.

The signatory affirms awareness of Rule 10b5-1 obligations and declares no undisclosed material adverse information. No additional financial or operational data about Lemonade is included in this Form 144.

STMicroelectronics (STM) has released a Form 6-K reporting routine activity under its 2024 share-buyback program. During the week of 30 June – 4 July 2025, the company repurchased 202,801 ordinary shares (≈0.02% of issued capital) on Euronext Paris at a weighted-average price of €26.0578, for a total outlay of €5.28 million. Following these purchases, STM now holds 16,724,034 treasury shares, representing about 1.8% of total shares outstanding. The repurchases are executed to satisfy employee equity plans and may be re-allocated for other lawful purposes under EU Market Abuse Regulation article 5(2). No changes to guidance, capital structure strategy, or operational outlook were disclosed.

Bank of Montreal (BMO) is marketing Auto-Callable Market Linked Securities with Contingent Coupons, Memory Feature and Contingent Downside Principal at Risk, linked to the worst performer among Apple Inc., Broadcom Inc. and McDonald’s Corporation. The $1,000-denominated notes price on 11 Jul 2025, settle on 16 Jul 2025 and mature on 14 Jul 2028 (3-year tenor unless called earlier).

Income profile: Investors receive a quarterly contingent coupon of at least 21.25 % p.a. (5.3125 % per quarter) provided the worst-performing underlier is ≥ 80 % of its starting value on the relevant calculation day. The “memory” feature adds any missed coupons once the threshold is next met.

Auto-call: From Oct 2025 to Apr 2028, if the worst performer is ≥ its starting value on a calculation day, the notes are automatically called at par plus the coupon, ending the investment early and creating reinvestment risk.

Principal repayment: If not previously called, at maturity holders receive: (i) 100 % of face if the worst performer is ≥ 70 % of its starting value; or (ii) par × performance factor of the worst performer if it is < 70 %. Investors therefore face full downside exposure below the 30 % buffer and could lose all principal.

Key structural terms: Starting values set on pricing date; coupon threshold 80 %; downside threshold 70 %; estimated initial value disclosed as $966.40 (96.64 % of face) and will not be less than $916.00. Agent discount up to 2.325 %; additional dealer fees up to 0.30 %.

Risks highlighted: conditional coupons (may receive none), potential loss of > 30 % of principal, reliance on worst performer, credit risk to BMO, illiquid secondary market, pricing transparency, and uncertain U.S. tax treatment. The notes are unsecured, not FDIC-insured and will not list on any exchange.

Compass Minerals International, Inc. (CMP) filed a Form 4/A to correct a duplicate insider filing made on 1 July 2025. The amendment re-affirms that Director Joseph E. Reece received 2,209 deferred stock units on 30 June 2025 at a grant price of $0 as part of standard board compensation. Following the grant, Reece now directly owns 65,755 CMP shares and indirectly holds 21,000 shares via a trust. No derivative securities were involved and there are no changes to the underlying transaction details; the sole purpose of the Form 4/A is to replace an inadvertently duplicated submission.

The disclosure is routine, reflects non-cash compensation, and does not signal any strategic shift or financial impact for CMP.

Compass Minerals International, Inc. (CMP) filed a Form 4/A to correct a duplicate insider filing made on 1 July 2025. The amendment re-affirms that Director Joseph E. Reece received 2,209 deferred stock units on 30 June 2025 at a grant price of $0 as part of standard board compensation. Following the grant, Reece now directly owns 65,755 CMP shares and indirectly holds 21,000 shares via a trust. No derivative securities were involved and there are no changes to the underlying transaction details; the sole purpose of the Form 4/A is to replace an inadvertently duplicated submission.

The disclosure is routine, reflects non-cash compensation, and does not signal any strategic shift or financial impact for CMP.

Compass Minerals International, Inc. (CMP) filed a Form 4/A to correct a duplicate insider filing made on 1 July 2025. The amendment re-affirms that Director Joseph E. Reece received 2,209 deferred stock units on 30 June 2025 at a grant price of $0 as part of standard board compensation. Following the grant, Reece now directly owns 65,755 CMP shares and indirectly holds 21,000 shares via a trust. No derivative securities were involved and there are no changes to the underlying transaction details; the sole purpose of the Form 4/A is to replace an inadvertently duplicated submission.

The disclosure is routine, reflects non-cash compensation, and does not signal any strategic shift or financial impact for CMP.

Form 4/A overview: Dave & Buster’s Entertainment, Inc. (ticker PLAY) filed an amended Form 4 covering Chief Financial Officer Darin Harper’s equity transactions.

• Administrative correction: The filing replaces an earlier Form 4 to fix an incorrect share price in Table I and to add missing data in Table II.
• Tax-withholding share deductions (Code F): On 24 Jun 2025 the issuer withheld 1,144 shares (1,010 + 134) at $31.86 each to cover taxes upon vesting of two previously granted RSU tranches (4,147 and 547 RSUs, respectively). No open-market sale occurred.
• New equity awards (Code A):
• 3,014 new RSUs granted on 27 Jun 2025; vest in three equal annual installments beginning 24 Apr 2026.
• 9,085 stock options (strike $33.02, exp. 20 Dec 2034) became effective 18 Jun 2025 after shareholder approval of the 2025 Omnibus Incentive Plan; options vest in three equal tranches starting 20 Dec 2025.
• 3,014 stock options (strike $30.45, exp. 27 Jun 2035) granted 27 Jun 2025; vest annually from 24 Apr 2026.
• Post-transaction holdings: Harper now directly owns 54,943 common shares and holds derivative rights on 12,099 options.

Investor takeaway: All activity relates to routine executive compensation and tax withholding; there are no open-market purchases or sales. The filing is therefore generally viewed as neutral from a market-impact standpoint.

Form 4/A overview: Dave & Buster’s Entertainment, Inc. (ticker PLAY) filed an amended Form 4 covering Chief Financial Officer Darin Harper’s equity transactions.

• Administrative correction: The filing replaces an earlier Form 4 to fix an incorrect share price in Table I and to add missing data in Table II.
• Tax-withholding share deductions (Code F): On 24 Jun 2025 the issuer withheld 1,144 shares (1,010 + 134) at $31.86 each to cover taxes upon vesting of two previously granted RSU tranches (4,147 and 547 RSUs, respectively). No open-market sale occurred.
• New equity awards (Code A):
• 3,014 new RSUs granted on 27 Jun 2025; vest in three equal annual installments beginning 24 Apr 2026.
• 9,085 stock options (strike $33.02, exp. 20 Dec 2034) became effective 18 Jun 2025 after shareholder approval of the 2025 Omnibus Incentive Plan; options vest in three equal tranches starting 20 Dec 2025.
• 3,014 stock options (strike $30.45, exp. 27 Jun 2035) granted 27 Jun 2025; vest annually from 24 Apr 2026.
• Post-transaction holdings: Harper now directly owns 54,943 common shares and holds derivative rights on 12,099 options.

Investor takeaway: All activity relates to routine executive compensation and tax withholding; there are no open-market purchases or sales. The filing is therefore generally viewed as neutral from a market-impact standpoint.

Form 4 highlights for Enstar Group Limited (ESGR)

Chief Accounting Officer Girish Ramanathan has reported the disposition of 1,861 ordinary shares on 2 July 2025 at a cash value of $338 per share. The transaction coincides with the closing of the previously announced merger whereby Sixth Street Partners, LLC indirectly acquired Enstar Group pursuant to the Agreement and Plan of Merger dated 29 July 2024.

Per the merger terms, every outstanding Enstar ordinary share was cancelled and converted into the right to receive the same $338 cash consideration (before taxes). As a result, the reporting person’s direct equity stake in Enstar fell to zero shares.

The filing also details the treatment of equity awards:

• 753 Restricted Share Units (RSUs) held by the insider fully vested, were cancelled, and converted into the cash merger consideration.
• 520 unvested RSUs granted 20 Mar 2025 were converted into a cash-settled award that will vest in three equal annual tranches beginning 20 Mar 2026.

No derivative securities remain outstanding for the insider, and the form is filed as an individual filing (Box 6 checked).

The disclosure confirms final consummation of the merger and provides transparency on insider equity conversion, signaling that ordinary shares are no longer outstanding and investors will receive cash proceeds of $338 per share.