Kinsale (KNSL) Insider: Kehoe Exercises Options, Executes 10b5-1 Sales
Rhea-AI Filing Summary
Michael P. Kehoe, Chairman and CEO of Kinsale Capital Group, Inc. (KNSL), reported a series of transactions on 08/25/2025 under a Rule 10b5-1 plan. He exercised 5,000 stock options with a $16 exercise price and immediately acquired 5,000 common shares. On the same date he sold a total of 5,000 common shares in multiple blocks at weighted-average prices ranging from $450.19 to $454.78, effected under the 10b5-1 plan. After these transactions his direct beneficial ownership declined from 308,043 to 303,043 shares. He also discloses indirect beneficial ownership of 585,738 shares as managing member of M.P. Kehoe, LLC, and notes the exercised options are fully vested.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating pre-established trading instructions.
- Options exercised were fully vested, and exercise price was $16 per share (granted under 2016 Omnibus Incentive Plan).
- Detailed weighted-average sale prices are provided and the filer offers to provide per-trade prices on request.
Negative
- Direct beneficial ownership declined by 5,000 shares from 308,043 to 303,043 following the sales.
- Significant insider sales (5,000 shares sold) occurred on the filing date, which may be interpreted as an insider liquidity event.
Insights
TL;DR: CEO exercised 5,000 vested options at $16 and sold 5,000 shares under a 10b5-1 plan, leaving sizeable direct and indirect holdings.
The filing shows a contemporaneous exercise of options and market sales executed pursuant to a Rule 10b5-1 plan adopted May 22, 2025. The option exercise at a $16 strike followed by sales at weighted-average prices between $450.19 and $454.78 generated proceeds materially above the exercise cost per share. Direct holdings decreased by 5,000 shares to 303,043, while indirect holdings of 585,738 shares remain disclosed through the LLC. For investors, this is a routine liquidity event by an insider using a pre-established plan; the filing contains clear execution and pricing disclosures without additional operational or financial detail.
TL;DR: Transactions were executed under an established 10b5-1 plan and the filer discloses vested option exercise and LLC-held shares.
The reporting person properly cites a Rule 10b5-1 trading plan and provides weighted-average sale prices for multiple blocks, committing to furnish per-transaction detail on request. The report discloses both direct and indirect ownership and notes the options granted in 2016 are fully vested. From a governance perspective, the filing adheres to disclosure norms for insider liquidity; it does not indicate any change in executive role or other corporate governance actions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options (right to buy) | 5,000 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 5,000 | $16.00 | $80K |
| Sale | Common Stock, par value $0.01 per share | 981 | $450.19 | $442K |
| Sale | Common Stock, par value $0.01 per share | 1,198 | $451.72 | $541K |
| Sale | Common Stock, par value $0.01 per share | 2,389 | $452.90 | $1.08M |
| Sale | Common Stock, par value $0.01 per share | 381 | $453.53 | $173K |
| Sale | Common Stock, par value $0.01 per share | 51 | $454.78 | $23K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2025. The shares were sold in multiple transactions at actual sale prices ranging from $450.05 to $450.55 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares were sold in multiple transactions at actual sale prices ranging from $451.10 to $452.05 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares were sold in multiple transactions at actual sale prices ranging from $452.33 to $453.21 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares were sold in multiple transactions at actual sale prices ranging from $453.46 to $453.70 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares were sold in multiple transactions at actual sale prices ranging from $454.70 to $454.83 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The reporting person is the managing member of M.P. Kehoe, LLC (the "LLC"). The reporting person disclaims beneficial ownership of shares of Common Stock held by the LLC except to the extent of his pecuniary interest therein. Granted on July 27, 2016 under the Kinsale Capital Group, Inc. 2016 Omnibus Incentive Plan. The options are fully vested.
