Universal Insurance (NYSE: UVE) chair sells 20,000 shares at $38
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Insurance Holdings executive chairman Sean P. Downes reported an open-market sale of common stock. On June 11, 2026, he sold 20,000 shares of Universal Insurance Holdings, Inc. common stock at a weighted average price of $38.2168 per share, with individual trade prices ranging from $37.895 to $38.45.
Following this transaction, Downes directly holds 1,148,255 common shares. The filing also shows indirect holdings of 2,000 shares held by his spouse and 48,000 shares held by his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($764,336)
Net Sell
3 txns
Insider
DOWNES SEAN P
Role
Executive Chairman
Sold
20,000 shs ($764K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $38.2168 | $764K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,148,255 shares (Direct, null);
Common Stock — 48,000 shares (Indirect, By Children)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $38.2168 per share
Sale price range: $37.895–$38.45 per share
+3 more
6 metrics
Shares sold
20,000 shares
Open-market sale of common stock on June 11, 2026
Weighted average sale price
$38.2168 per share
Price for 20,000 shares sold on June 11, 2026
Sale price range
$37.895–$38.45 per share
Range of prices across multiple sale transactions
Direct holdings after transaction
1,148,255 shares
Common stock directly owned after June 11, 2026 sale
Indirect holdings by spouse
2,000 shares
Common stock held indirectly through spouse
Indirect holdings by children
48,000 shares
Common stock held indirectly through children
Key Terms
open-market sale, weighted average price, indirect ownership, Form 4
4 terms
open-market sale financial
"20,000 shares of Universal Insurance Holdings, Inc. common stock at a weighted average price in an open-market sale"
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
"sold in multiple transactions at prices ranging from $37.895 to $38.45, inclusive, resulting in a weighted average price"
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.
indirect ownership financial
"indirect holdings of 2,000 shares held by his spouse and 48,000 shares held by his children"
Form 4 regulatory
"The Form 4 shows indirect ownership by spouse and children in addition to direct holdings"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did UVE executive chairman Sean P. Downes report?
Sean P. Downes reported selling 20,000 shares of Universal Insurance Holdings common stock. The open-market sale occurred on June 11, 2026, and was executed at a weighted average price of $38.2168 per share, with trades between $37.895 and $38.45.
Is the June 11, 2026 UVE insider transaction a purchase or a sale?
The June 11, 2026 insider transaction reported by Sean P. Downes is a sale. He executed an open-market sale of 20,000 Universal Insurance Holdings common shares, with the filing classifying the transaction under code “S” for sale in open market or private transaction.
Does Sean P. Downes have indirect holdings of UVE stock?
Yes. In addition to his direct holdings, the Form 4 shows 2,000 Universal Insurance Holdings shares held indirectly through his spouse and 48,000 shares held indirectly through his children, reflecting indirect ownership interests separate from his 1,148,255 directly held shares.