Universal Insurance (NYSE: UVE) chair sells 20,000 shares at $44.2682
Rhea-AI Filing Summary
Universal Insurance Holdings Executive Chairman Sean P. Downes reported selling 20,000 shares of common stock on 2026-08-05 in a sale characterized as an open-market or private transaction at a weighted average price of $44.2682 per share, with individual prices ranging from $43.96 to $44.69. Following the sale, he directly holds 1,104,645 common shares and reports indirect holdings of 2,000 shares held by his spouse and 48,000 shares held by his children. The filing indicates the transactions were not made under a Rule 10b5-1 trading plan.
Positive
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
3 txns
Insider
DOWNES SEAN P
Role
Executive Chairman
Sold
20,000 shs ($885K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 20,000 | $44.2682 | $885K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,104,645 shares (Direct);
Common Stock — 2,000 shares (Indirect, By Spouse);
Common Stock — 48,000 shares (Indirect, By Children)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $43.96 to $44.69, 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).
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $44.2682 per share
Sale price range: $43.96–$44.69 per share
+3 more
6 metrics
Shares sold
20,000 shares
Common stock sale on 2026-08-05
Weighted average sale price
$44.2682 per share
Average price for the 20,000-share sale
Sale price range
$43.96–$44.69 per share
Range of individual trade prices in the reported sale
Direct holdings after sale
1,104,645 shares
Common stock directly owned after 2026-08-05 transaction
Indirect holdings by spouse
2,000 shares
Common stock held indirectly, classified as "By Spouse"
Indirect holdings by children
48,000 shares
Common stock held indirectly, classified as "By Children"
Key Terms
weighted average price, open market, private transaction
3 terms
weighted average price financial
"The price reported in Column 4 is 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.
open market financial
"Sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
private transaction financial
"Sale in open market or private transaction"
A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UVE Executive Chairman Sean P. Downes report?
Sean P. Downes reported selling 20,000 shares of Universal Insurance Holdings (UVE) common stock on 2026-08-05. The sale was coded as a common stock disposition in an open-market or private transaction.
Were the UVE insider sales by Sean P. Downes under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The filing therefore indicates the reported 20,000-share sale was not executed under a Rule 10b5-1 trading arrangement.
What ownership types does Sean P. Downes report for his UVE holdings?
He reports direct ownership of 1,104,645 shares and indirect ownership of 2,000 shares "By Spouse" and 48,000 shares "By Children." These indirect positions reflect family-held shares attributed to him.