Heritage (HRTG) CEO disposes 25,000 shares; retains 1.25M stake

Rhea-AI Filing Summary

Heritage Insurance Holdings (HRTG) Chief Executive Officer and Director Ernie J. Garateix reported a sale of common stock on 09/15/2025. The filing shows 25,000 shares were sold under transaction code S at a weighted average price of $24.61 per share, with individual sale prices ranging from $24.13 to $24.91. After the sale the reporting person beneficially owns 1,245,808 shares, held directly. The form is a routine Section 16 report documenting an insider disposition and includes an offer to provide exact per-price quantities on request.

Positive

• Clear disclosure: The filing provides the weighted average price and a price range and offers to supply per-price quantities on request.
• Substantial remaining ownership: Reporting person still beneficially owns 1,245,808 shares after the sale.

Negative

• Insider disposition: The CEO/director sold 25,000 shares, which is a cashing-out event that may attract investor attention.

Insights

Financial Analyst

TL;DR: Insider sale of 25,000 shares reduces direct holdings but leaves a substantial stake of 1,245,808 shares; transaction appears routine.

The sale on 09/15/2025 of 25,000 common shares at a weighted average of $24.61 is recorded as an open-market disposition (code S). The filing indicates post-transaction direct beneficial ownership of 1,245,808 shares, which remains sizable. No derivative transactions or unusual terms are disclosed. The disclosure is focused and compliant, and the filer offers to provide the breakdown of executed prices upon request.

Corporate Governance Expert

TL;DR: This is a standard Section 16 sale by the CEO/director with full disclosure; no governance red flags are evident from the filing.

The Form 4 documents a straightforward disposition by an officer who is also a director. The report uses transaction code S and provides an explanatory footnote about price ranges, which supports transparency. There are no indications of related-party transactions, 10b5-1 plan notation, or amendments beyond a signed submission. Based solely on this filing, governance procedures around disclosure appear followed.

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^*

Garateix Ernie J

(Last) (First) (Middle)

C/O HERITAGE INSURANCE HOLDINGS, INC.

1401 N. WESTSHORE BLVD

(Street)

TAMPA FL 33607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Heritage Insurance Holdings, Inc. [ HRTG ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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
Common Stock	09/15/2025		S		25,000	D	$24.61(1)	1,245,808	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. Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction ranges from $24.13 to $24.91 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Ernie J. Garateix	09/17/2025
	** 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).
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 did HRTG CEO Ernie J. Garateix report on Form 4?

The filing reports a sale of 25,000 shares of Heritage Insurance Holdings common stock on 09/15/2025 under transaction code S.

At what price were the HRTG shares sold by the CEO?

The shares were sold at a weighted average price of $24.61 per share, with individual sale prices ranging from $24.13 to $24.91.

How many HRTG shares does the reporting person own after the sale?

After the reported transaction the reporting person beneficially owns 1,245,808 shares, held directly.

Does the Form 4 indicate a 10b5-1 trading plan or amendment?

The filing does not indicate the transaction was made pursuant to a 10b5-1 plan and shows no amendment date; it appears to be a routine disclosure of an open-market sale.

Who signed the Form 4 for the insider transaction?

The Form 4 was signed by Ernie J. Garateix on 09/17/2025.