NP investor plans sale of 1.63M Class A shares

BSIV Hold 101, LP, a holder of NP Class A Common Stock, has filed to sell up to 1,632,160 shares through Morgan Stanley & Co. LLC on the NYSE, with an indicated market value of $54,220,355.20, starting on or after July 29, 2026.

Rhea-AI Filing Summary

BSIV Hold 101, LP, a holder of NP Class A Common Stock, has filed to sell up to 1,632,160 shares through Morgan Stanley & Co. LLC on the NYSE, with an indicated market value of $54,220,355.20, starting on or after July 29, 2026.

The shares relate to 27,293,482 Class A shares described as converted from convertible preferred stock acquired for cash in a private placement dated May 10, 2023. Over the past three months, BSIV Hold 101, LP reported selling 4,589,351 shares for $126,207,152.50 on May 15, 2026 and 688,403 shares for $18,931,082.50 on May 19, 2026. Class A shares outstanding are listed as 93,773,525.

Key Figures

Planned Shares to Be Sold: 1,632,160 shares Planned Sale Market Value: $54,220,355.20 Shares Outstanding: 93,773,525 shares +5 more

8 metrics

Planned Shares to Be Sold 1,632,160 shares Class A Common Stock to be sold through Morgan Stanley & Co. LLC

Planned Sale Market Value $54,220,355.20 Approximate market value of 1,632,160 Class A shares

Shares Outstanding 93,773,525 shares NP Class A Common Stock outstanding

Shares Sold on May 15, 2026 4,589,351 shares Securities sold during the past 3 months by BSIV Hold 101, LP

Proceeds on May 15, 2026 $126,207,152.50 Value of 4,589,351 shares sold on May 15, 2026

Shares Sold on May 19, 2026 688,403 shares Additional sale by BSIV Hold 101, LP

Proceeds on May 19, 2026 $18,931,082.50 Value of 688,403 shares sold on May 19, 2026

Shares from Conversion 27,293,482 shares Class A Common Stock converted from convertible preferred stock

Key Terms

convertible preferred stock, private placement, Class A Common Stock, cash

4 terms

convertible preferred stock financial

"Converted from convertible preferred stock acquired in a private placement."

Convertible preferred stock is a special class of company shares that pays priority, usually fixed, payments to holders and can be exchanged later for a set number of common shares. It matters to investors because it combines steady income and added protection with the chance to share in a company’s upside; think of it as a hybrid between a bond that pays regularly and an option to convert into growth-oriented stock, where the conversion rules influence both potential gains and how much common shareholders’ ownership may be reduced.

private placement financial

"convertible preferred stock acquired in a private placement."

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Class A Common Stock financial

"Class A Common Stock | Morgan Stanley & Co. LLC 1585 Broadway"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

cash financial

"27293482 | 05/10/2023 | Cash"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NP Class A shares does BSIV Hold 101, LP plan to sell under this Form 144?

BSIV Hold 101, LP plans to sell up to 1,632,160 shares of NP Class A Common Stock. The filing lists an approximate market value of $54,220,355.20 for these shares, to be sold through Morgan Stanley & Co. LLC on the NYSE.

What prior NP (symbol: NP) share sales did BSIV Hold 101, LP report in the last three months?

BSIV Hold 101, LP reported selling 4,589,351 shares for $126,207,152.50 on May 15, 2026 and 688,403 shares for $18,931,082.50 on May 19, 2026. These transactions are disclosed as securities sold during the past three months.

What is the origin of the NP Class A shares covered in this Form 144?

The filing describes 27,293,482 Class A Common Stock as converted from convertible preferred stock acquired in a private placement. The acquisition is dated May 10, 2023 and is characterized as a cash transaction with the issuer.

What is the reported number of NP Class A shares outstanding in this disclosure?

The disclosure lists NP Class A Common Stock outstanding as 93,773,525 shares. This figure provides context for the scale of the planned sale of 1,632,160 shares by BSIV Hold 101, LP under the Form 144 notice.

Which broker will handle the planned NP Class A share sale for BSIV Hold 101, LP?

The planned sale of NP Class A Common Stock will be handled by Morgan Stanley & Co. LLC, located at 1585 Broadway, New York, NY 10036. The shares are listed for trading on the NYSE according to the disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/29/2026 - 09:31 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002087995
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NEPTUNE INSURANCE HOLDINGS INC.
SEC File Number	001-42878
Address of Issuer	400 6TH ST S ST. PETERSBURG FLORIDA 33701
Phone	727-202-4815
Name of Person for Whose Account the Securities are To Be Sold	BSIV HOLD 101, LP
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036	1632160	54220355.20	93773525	07/29/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	10/01/2025	Converted from convertible preferred stock acquired in a private placement.	Issuer			27293482	05/10/2023	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BSIV Hold 101, LP 200 Park Avenue, 45th Floor New York NY 10166	Class A Common Stock	05/15/2026	4589351	126207152.50
BSIV Hold 101, LP 200 Park Avenue, 45th Floor New York NY 10166	Class A Common Stock	05/19/2026	688403	18931082.50

144: Remarks and Signature

Remarks	The shares of Class A Common Stock listed in Table II were sold in the past three months in a registered offering.
Date of Notice	07/29/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Michelle Riley
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)