[Form 4] SelectQuote, Inc. Insider Trading Activity

Q: How many SelectQuote (SLQT) shares did Robert Clay Grant acquire on 1 Aug 2025?

Approximately 631,089 shares vested from RSU and PVU awards at zero cost.

Q: Did the insider sell any SLQT shares?

Grant withheld 204,163 shares at $1.74 to cover taxes; no open-market sales occurred.

Q: What is Grant’s direct ownership after the filing?

He now directly owns 2,891,334 common shares of SelectQuote.

Q: Were new equity awards granted in this Form 4?

Yes, 460 k RSUs and 460 k price-vested RSUs were granted on 1 Aug 2025.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Form 4 shows President Robert Clay Grant’s latest equity activity at SelectQuote (SLQT) on 1–2 Aug 2025. Seven tranches of previously granted RSUs and price-vested units vested (transaction code M), delivering ≈631,089 common shares at $0 exercise cost. A day later, 204,163 shares were withheld at $1.74 to cover taxes (code F). Direct ownership after the transactions rose to 2,891,334 shares.

Grant continues to hold significant indirect stakes—1.24 M shares in a personal trust, 184.2 k shares across three children’s trusts, and 1.09 M shares via Haakon Capital—plus unvested derivative holdings. Table II records new equity compensation awards: 460 k time-based RSUs and 460 k price-vested RSUs granted on 1 Aug 2025 (code A), each convertible 1-for-1 into common stock and subject to multi-year vesting/performance hurdles. Remaining unvested derivative balance totals several hundred-thousand units.

Positive

Net increase of ~427 k shares held directly by the president, signalling confidence.
920 k new RSU/PVU awards use multi-year vesting and price hurdles, fostering long-term alignment.

Negative

Incremental dilution possible if all new awards vest and convert.
204 k shares disposed for tax withholding slightly reduces float support.

Insights

TL;DR: Routine vesting boosts insider stake; new 920 k-share grant indicates retention focus.

The filing is largely compensation-driven. Net share addition (~427 k) signals continued alignment as the president elected to keep most vested stock. New grants are sizable relative to the 171 M shares outstanding (≈0.5%) but spread over multi-year vesting and price hurdles, limiting near-term dilution. The 204 k shares withheld for taxes are non-discretionary. Overall impact is neutral-positive: no open-market selling, stronger insider ownership, yet modest incremental dilution.

TL;DR: Equity incentives tie leadership to price targets; no red flags.

The mix of time-based and price-vested RSUs aligns Grant’s interests with shareholders by requiring sustained employment and share-price appreciation ($2.50–$12.50 hurdles). Grant’s indirect holdings and trust structures are common estate-planning tools. Absence of discretionary sales lowers governance risk. Impact deemed neutral; investors may view increasing insider exposure favorably.

08/05/2025 - 09:24 PM

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^*

Grant Robert Clay

(Last)

(First)

(Middle)

C/O SELECTQUOTE, INC.

6800 WEST 115TH STREET, SUITE 2511

(Street)

OVERLAND PARK

66211

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SelectQuote, Inc. [ SLQT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	08/01/2025		M		10,804	A	$0	2,475,212	D
Common Stock, par value $0.01 per share	08/01/2025		M		105,602	A	$0	2,580,814	D
Common Stock, par value $0.01 per share	08/01/2025		M		255,555	A	$0	2,836,369	D
Common Stock, par value $0.01 per share	08/01/2025		M		122,470	A	$0	2,958,839	D
Common Stock, par value $0.01 per share	08/01/2025		M		63,889	A	$0	3,022,728	D
Common Stock, par value $0.01 per share	08/01/2025		M		31,945	A	$0	3,054,673	D
Common Stock, par value $0.01 per share	08/01/2025		M		40,824	A	$0	3,095,497	D
Common Stock, par value $0.01 per share	08/02/2025		F		204,163⁽¹⁾	D	$1.74	2,891,334	D
Common Stock, par value $0.01 per share								1,242,000	I	By Self as Trustee for the Robert Clay Grant Irrevocable Trust
Common Stock, par value $0.01 per share								61,400	I	By G. Grant Irrevocable Trust⁽²⁾
Common Stock, par value $0.01 per share								61,400	I	By A. Grant Irrevocable Trust⁽²⁾
Common Stock, par value $0.01 per share								61,400	I	By R. Grant Irrevocable Trust⁽²⁾
Common Stock, par value $0.01 per share								1,089,369	I	By Haakon Capital, LLC⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽⁴⁾	⁽⁵⁾	08/01/2025		M			10,804	⁽⁶⁾	08/01/2031	Common Stock, par value $0.01 per share	10,804	⁽⁵⁾	0	D
Restricted Stock Units⁽⁴⁾	⁽⁵⁾	08/01/2025		M			105,602	⁽⁷⁾	08/01/2032	Common Stock, par value $0.01 per share	105,602	⁽⁵⁾	0	D
Restricted Stock Units⁽⁴⁾	⁽⁵⁾	08/01/2025		M			255,555	⁽⁸⁾	09/13/2033	Common Stock, par value $0.01 per share	255,555	⁽⁵⁾	255,557	D
Restricted Stock Units⁽⁴⁾	⁽⁵⁾	08/01/2025		M			122,470	⁽⁹⁾	10/28/2034	Common Stock, par value $0.01 per share	122,470	⁽⁵⁾	244,942	D
Price-Vested Restricted Stock Units⁽¹⁰⁾	⁽¹¹⁾	08/01/2025		M			63,889	⁽¹²⁾	08/01/2027	Common Stock, par value $0.01 per share	63,889	⁽¹¹⁾	574,999	D
Price-Vested Restricted Stock Units⁽¹⁰⁾	⁽¹¹⁾	08/01/2025		M			31,945	⁽¹³⁾	08/01/2028	Common Stock, par value $0.01 per share	31,945	⁽¹¹⁾	319,444	D
Price-Vested Restricted Stock Units⁽¹⁰⁾	⁽¹¹⁾	08/01/2025		M			40,824	⁽¹⁴⁾	10/28/2029	Common Stock, par value $0.01 per share	40,824	⁽¹¹⁾	326,588	D
Restricted Stock Units⁽⁴⁾	⁽⁵⁾	08/01/2025		A		460,000		⁽⁷⁾	08/01/2035	Common Stock, par value $0.01 per share	460,000	⁽⁵⁾	460,000	D
Price-Vested Restricted Stock Units⁽¹⁰⁾	⁽¹¹⁾	08/01/2025		A		460,000		⁽¹⁵⁾	08/01/2030	Common Stock, par value $0.01 per share	460,000	⁽¹¹⁾	460,000	D

Explanation of Responses:

1. Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting of price-vested units and time-based restricted stock units previously granted to the recipient.

2. Shares held indirectly by Mr. Grant in his capacity as Trustee of a trust for the benefit of one of his minor children.

3. Beneficially owned by Mr. Grant through Haakon Capital, LLC, an investment company of which he owns one-third. Mr. Grant disclaims beneficial ownership of the shares held by Haakon Capital, LLC, except to the extent of his pecuniary interest therein.

4. Represents restricted stock units of SelectQuote, Inc. (the "Company") granted to Mr. Grant under the Company's 2020 Omnibus Incentive Plan (the "Plan").

5. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.

6. The restricted stock units vest ratably in four annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date.

7. The restricted stock units vest ratably in three annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date.

8. The restricted stock units vest ratably in three annual installments commencing on August 1, 2024, subject to the recipient's continued employment with the Company through the applicable vesting date.

9. The restricted stock units vest ratably in three annual installments commencing on August 1, 2025, subject to the recipient's continued employment with the Company through the applicable vesting date.

10. Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.

11. Each PVU represents the contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon the Company's common stock reaching certain predetermined average trading prices, subject to applicable vesting conditions.

12. The PVUs are eligible to vest in three ratable annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-fourth of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock reaching each of $4.00, $7.50, $10.00, and $12.50 during the five-year performance period. The number of PVUs reported on this line reflects the portion of the total PVU award that vested on the transaction date following the achievement of the $4.00 price hurdle.

13. The PVUs are eligible to vest in three ratable annual installments commencing on August 1, 2024, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-fourth of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $2.50, $5.00, $7.50, and $10.00 during the five-year performance period. The number of PVUs reported on this line reflects the portion of the total PVU award that vested on the transaction date following the achievement of the $2.50 price hurdle.

14. The PVUs are eligible to vest in three ratable annual installments commencing on August 1, 2025, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-third of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $3.13, $6.00, and $9.00 during the five-year performance period. The number of PVUs reported on this line reflects the portion of the total PVU award that vested on the transaction date following the achievement of the $3.13 price hurdle.

15. The PVUs are eligible to vest in three ratable annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-third of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $2.50, $4.00, and $6.00 during the five-year performance period.

Remarks:

	/s/ Daniel A. Boulware, Attorney-in-Fact	08/05/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many SelectQuote (SLQT) shares did Robert Clay Grant acquire on 1 Aug 2025?

Approximately 631,089 shares vested from RSU and PVU awards at zero cost.

Did the insider sell any SLQT shares?

Grant withheld 204,163 shares at $1.74 to cover taxes; no open-market sales occurred.

What is Grant’s direct ownership after the filing?

He now directly owns 2,891,334 common shares of SelectQuote.

Were new equity awards granted in this Form 4?

Yes, 460 k RSUs and 460 k price-vested RSUs were granted on 1 Aug 2025.

What price hurdles apply to the new price-vested RSUs?

They vest in thirds if the 60-day average share price exceeds $2.50, $4.00, and $6.00 within five years.

[Form 4] SelectQuote, Inc. Insider Trading Activity