Universal Insurance Holdings (UVE) director sells 7,500 shares, keeps 81,293
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Insurance Holdings director Michael Pietrangelo reported selling 7,500 shares of Common Stock in open-market transactions. He sold 3,000 shares on May 12, 2026 at a weighted average price of about $39.55 per share and 4,500 shares on May 13, 2026 at about $39.29 per share. After these sales, he directly holds 81,293 shares of the company’s stock. The prices reported are weighted averages for multiple trades within narrow intraday price ranges on each date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,500 shares ($295,433)
Net Sell
2 txns
Insider
PIETRANGELO MICHAEL
Role
null
Sold
7,500 shs ($295K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,500 | $39.2876 | $177K |
| Sale | Common Stock | 3,000 | $39.5464 | $119K |
Holdings After Transaction:
Common Stock — 81,293 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.51 to $39.575, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1). The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.75 to $39.60, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).
Key Figures
Total shares sold: 7,500 shares
May 12, 2026 sale size: 3,000 shares
May 12, 2026 weighted average price: $39.5464 per share
+3 more
6 metrics
Total shares sold
7,500 shares
Net shares sold across two open-market transactions
May 12, 2026 sale size
3,000 shares
Open-market sale of Common Stock on May 12, 2026
May 12, 2026 weighted average price
$39.5464 per share
Within a $39.51–$39.575 trading range
May 13, 2026 sale size
4,500 shares
Open-market sale of Common Stock on May 13, 2026
May 13, 2026 weighted average price
$39.2876 per share
Within a $38.75–$39.60 trading range
Shares held after transactions
81,293 shares
Direct ownership following both reported sales
Key Terms
open-market sale, weighted average price, Common Stock, transaction code "S"
4 terms
open-market sale financial
"The transaction is described as an open-market sale of Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported is a weighted average price for multiple trades."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"The transactions involve shares of Common Stock of Universal Insurance Holdings."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code "S" regulatory
"The filing uses transaction code "S" for the reported sales."
FAQ
What insider transaction did UVE director Michael Pietrangelo report?
Director Michael Pietrangelo reported selling shares of Universal Insurance Holdings Common Stock. The Form 4 shows two open-market sales on May 12 and May 13, 2026, reflecting routine portfolio activity disclosed for regulatory transparency.
Were Michael Pietrangelo’s UVE transactions open-market sales or other types?
The Form 4 characterizes both transactions as open-market sales of Common Stock. The transaction code "S" and description specify sales in the open market or private transactions, with no derivative exercises, gifts, or tax-withholding dispositions reported.
Does the UVE Form 4 mention weighted average pricing for the sales?
Yes. Footnotes state the reported prices are weighted averages of multiple trades. For each day, the filing lists a price range and notes that detailed trade-by-trade pricing is available on request from Universal Insurance Holdings or the SEC staff.