Heritage (HRTG) Insider Report: Widdicombe Disposes 100k Shares at ~$24
Rhea-AI Filing Summary
Richard A. Widdicombe, a director and chairman of Heritage Insurance Holdings, Inc. (HRTG), reported two stock sale transactions on 09/16/2025 totaling 100,000 shares sold. The filing shows 57,138 shares sold at a weighted-average price of $23.88 (individual prices ranged $23.40–$24.39) and 42,862 shares sold at a weighted-average price of $24.52 (individual prices ranged $24.44–$24.64). Following the reported sales, the Form 4 lists beneficial ownership amounts of 641,909 shares and 599,047 shares respectively. The Form 4 is signed by Mr. Widdicombe on 09/18/2025.
Positive
- Timely disclosure of insider transactions complying with Section 16 reporting requirements
- Transaction details provided, including weighted-average prices and price ranges for each sale tranche
- Post-sale beneficial ownership figures are reported, aiding transparency
Negative
- Insider sold a material number of shares (total 100,000 shares), which reduces immediate insider ownership
- No statement in the filing indicating these sales were made under a pre-arranged trading plan (e.g., Rule 10b5-1), so intent is unclear
Insights
TL;DR: Director sold 100,000 shares in two tranches; disclosure is timely and provides price ranges and post-sale holdings.
The Form 4 shows compliance with Section 16 reporting: two separate sales on 09/16/2025 totaling 100,000 shares by Richard A. Widdicombe, identified as a director and chairman. The filing includes weighted-average prices and explicit price ranges for each tranche, and reports post-transaction beneficial ownership figures. For governance review, the sale size relative to outstanding holdings and any stated insider trading plan are not provided in this filing; the document does, however, supply the necessary transactional details for market transparency.
TL;DR: Material insider selling occurred but filing does not state motive or trading plan.
The aggregate sale of 100,000 shares is a quantifiable change in insider ownership and is properly disclosed with price ranges ($23.40–$24.64 across both tranches) and resulting ownership figures (reported as 641,909 and 599,047 shares). From a market-impact perspective, the sale size is clear; however, the Form 4 does not indicate whether transactions were pre-arranged under a Rule 10b5-1 plan or represent discretionary sales, so investors cannot infer intent from this filing alone. Disclosure quality is adequate for transactional transparency.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 57,138 | $23.88 | $1.36M |
| Sale | Common Stock | 42,862 | $24.52 | $1.05M |
Footnotes (1)
- Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction ranges from $23.40 to $24.39 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. Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction ranges from $24.44 to $24.64 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.
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