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.

The filer has since corrected this document, so the figures below are the ones originally reported and some of them may have changed. Read the amended Form 4/A for what the company says now.

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.

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)

1. 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.
2. 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

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

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.

Did James Steiner change his total NP share ownership in this filing?

No. The filing states his total beneficial ownership of Neptune Insurance Holdings Inc. Class A Common Stock was 3,749,050 shares immediately before and immediately after the transfer, so only the form of ownership changed.

How many NP shares are now held in James Steiner’s revocable trust?

After the reported transaction, 400,000 shares of Neptune Insurance Holdings Inc. Class A Common Stock are held indirectly through a revocable living trust for which he is the sole grantor, trustee and current beneficiary.

How many NP shares does James Steiner still hold directly after the transfer?

Following the transfer, he directly held 3,349,050 shares of Neptune Insurance Holdings Inc. Class A Common Stock, with an additional 400,000 shares held indirectly through his revocable trust.

Was any price or consideration involved in this NP share transfer?

No. The filing explains that the shares were transferred for no consideration, so no price per share is reported for the transaction.

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.

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Available on EDGAR 09/10/2026 - 02:12 PM EDT Accepted by SEC EDGAR 09/10/2026 - 02:12 PM EDT Learn about SEC filing dates

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^*

Steiner James

(Last) (First) (Middle)

400 6TH ST S STE 2

(Street)

SAINT PETERSBURG FLORIDA 33701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Neptune Insurance Holdings Inc. [ NP ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	09/09/2026		J(1)		400,000	D	(2)	3,349,050	D
Class A Common Stock	09/09/2026		J(1)		400,000	A	(2)	400,000	I	By Self as Trustee of the Living Trust of James Edward Steiner dated July 7, 2016

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. 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.

2. The shares were transferred for no consideration. Accordingly, no price per share is reported.

Remarks:

	James Steiner	09/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)