Neptune Insurance CFO shifts 400K shares to trust
The CFO shifted 400,000 Neptune Insurance Holdings Inc. shares into a revocable trust without changing his total beneficial ownership.
Rhea-AI Filing Summary
Neptune Insurance Holdings Inc. insider James Steiner, the Chief Financial Officer and a director, reported an internal reorganization of his holdings of Class A Common Stock on September 9, 2026. He moved 400,000 shares from his personal ownership into a revocable living trust for which he is the sole grantor, trustee and current beneficiary. The transfer was made for no consideration and only changed the form of ownership; his total beneficial ownership remained at 3,749,050 shares of Class A Common Stock immediately before and after the transaction. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 800,000 shares
Other
2 txns
Insider
Steiner James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 400,000 | -- | -- |
| Other | Class A Common Stock F1, F2 | 400,000 | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,349,050 shares (Direct);
Class A Common Stock — 400,000 shares (Indirect, By Self as Trustee of the Living Trust of James Edward Steiner dated July 7, 2016)
Footnotes (2)
- F1. The reported transaction represents a transfer of shares, for no consideration, from the Reporting Person's individual name into a revocable trust of which the Reporting Person is the sole grantor, the sole trustee and the sole current beneficiary. The transfer effected only a change in the form of the Reporting Person's beneficial ownership and did not change his pecuniary interest in the shares. The Reporting Person's total beneficial ownership of Class A Common Stock was unchanged at 3,749,050 shares immediately before and immediately after the transfer.
- F2. The shares were transferred for no consideration. Accordingly, no price per share is reported.
Key Figures
Shares transferred to revocable trust: 400,000 shares
Total beneficial ownership before and after transfer: 3,749,050 shares
Direct holdings after transfer: 3,349,050 shares
+2 more
5 metrics
Shares transferred to revocable trust
400,000 shares
Internal transfer of Class A Common Stock on September 9, 2026
Total beneficial ownership before and after transfer
3,749,050 shares
Class A Common Stock held beneficially by James Steiner around the transaction
Direct holdings after transfer
3,349,050 shares
Class A Common Stock held directly following the September 9, 2026 reorganization
Indirect holdings in revocable trust after transfer
400,000 shares
Class A Common Stock held indirectly through the living trust after the reorganization
Net shares bought or sold in market
0 shares
No change in total beneficial ownership; transfer for no consideration
Key Terms
beneficial ownership, pecuniary interest, revocable trust
3 terms
beneficial ownership financial
"The Reporting Person's total beneficial ownership of Class A Common Stock was unchanged at 3,749,050 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"did not change his pecuniary interest in the shares"
revocable trust financial
"into a revocable trust of which the Reporting Person is the sole grantor"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did NP insider James Steiner report in this Form 4?
He reported transferring 400,000 shares of Neptune Insurance Holdings Inc. Class A Common Stock from his personal name into a revocable living trust on September 9, 2026, with no consideration paid and no change in his overall beneficial ownership.
Were the NP transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 does not report the use of a Rule 10b5-1 trading plan for these internal ownership transfers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
