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HCI Group (HCI) director awarded 750 restricted shares and details total holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Madhu Sanjay reported acquisition or exercise transactions in this Form 4 filing.

HCI Group, Inc. director Madhu Sanjay received a grant of 750 shares of restricted common stock effective 6/11/2026. The restricted shares were granted at $0.00 per share under HCI’s 2012 Omnibus Incentive Plan and will vest on 5/27/2027 under a restricted stock agreement.

Following the reported entries, Sanjay holds 11,988 shares directly, 41,500 shares indirectly through Universal Finance & Investments, LLC, and 2,803 shares indirectly through an IRA, with voting and investment power over the LLC-held shares.

Positive

  • None.

Negative

  • None.

Insights

Routine director equity grant with modest size and clear vesting terms.

The filing shows Madhu Sanjay, a director of HCI Group, Inc., receiving 750 restricted shares at $0.00 per share under the 2012 Omnibus Incentive Plan. This is standard stock-based compensation rather than an open-market purchase or sale.

The shares vest on 5/27/2027, encouraging longer-term alignment with shareholders. The filing also clarifies Sanjay’s overall position, including 41,500 shares via Universal Finance & Investments, LLC and 2,803 shares via an IRA, where he has voting and investment power over the LLC-held shares.

Insider Madhu Sanjay
Role null
Type Security Shares Price Value
Grant/Award Common Stock 750 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 750 shares (Direct, null); Common Stock — 2,803 shares (Indirect, By Self's IRA)
Footnotes (1)
  1. Restricted stock grant of 750 shares effective 6/11/2026: The restricted shares will vest on 5/27/2027. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement. The reporting person holds voting and investment power of all shares held by Universal Finance & Investments, LLC.
Restricted stock grant 750 shares Restricted common stock granted effective June 11, 2026
Grant price $0.00 per share Price for 750 restricted shares granted to director
Vesting date May 27, 2027 Vesting date for 750 restricted shares
Direct holdings 11,988 shares Common stock held directly after reported entries
LLC indirect holdings 41,500 shares Held via Universal Finance & Investments, LLC
IRA indirect holdings 2,803 shares Common stock held indirectly via IRA
Restricted stock grant financial
"Restricted stock grant of 750 shares effective 6/11/2026: The restricted shares will vest on 5/27/2027."
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
2012 Omnibus Incentive Plan financial
"These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement."
voting and investment power financial
"The reporting person holds voting and investment power of all shares held by Universal Finance & Investments, LLC."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Madhu Sanjay
(Last)(First)(Middle)
3802 COCONUT PALM DRIVE
(Street)
TAMPA FLORIDA 33619
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HCI Group, Inc. [ HCI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/11/2026A750(1)A(1)750D
Common Stock2,803IBy Self's IRA
Common Stock11,988D
Common Stock41,500I(2)By Universal Finance & Investments, LLC
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock grant of 750 shares effective 6/11/2026: The restricted shares will vest on 5/27/2027. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement.
2. The reporting person holds voting and investment power of all shares held by Universal Finance & Investments, LLC.
/s/ Andrew L. Graham as Attorney-in-fact for Sanjay Madhu06/15/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did HCI (HCI) director Madhu Sanjay receive in this Form 4 filing?

HCI director Madhu Sanjay received a grant of 750 shares of restricted common stock at no cash cost. The grant is part of his equity compensation under HCI’s 2012 Omnibus Incentive Plan and is documented as a non-derivative award on the Form 4.

When do Madhu Sanjay’s 750 restricted HCI shares vest?

The 750 restricted HCI shares granted to director Madhu Sanjay will vest on May 27, 2027. Until vesting, the shares are subject to the terms and conditions of a restricted stock agreement tied to HCI’s 2012 Omnibus Incentive Plan.

Was cash paid for the 750 HCI restricted shares granted to Madhu Sanjay?

No cash was paid for this award; the 750 restricted HCI shares were granted at a stated price of $0.00 per share. This reflects a stock-based compensation grant rather than a market purchase, consistent with typical director equity awards.

How many HCI shares does Madhu Sanjay hold directly after these entries?

After the reported entries, Madhu Sanjay holds 11,988 HCI common shares directly. This direct position includes the newly granted restricted shares and is separate from additional indirect holdings through an LLC and an IRA referenced in the Form 4.

What indirect HCI holdings are associated with Madhu Sanjay?

The Form 4 shows 41,500 HCI shares held indirectly through Universal Finance & Investments, LLC and 2,803 shares indirectly through an IRA. A footnote explains that Sanjay holds voting and investment power over all shares held by Universal Finance & Investments, LLC.

Is the HCI Form 4 transaction a market buy or sell by Madhu Sanjay?

The Form 4 does not report an open-market buy or sell; it records a grant of 750 restricted shares coded as an award. Other lines show holdings rather than trades, so the filing reflects compensation and ownership detail, not trading activity by the director.