Exzeo Group (NYSE: XZO) launches $12M Rule 10b5-1 stock buyback plan
Rhea-AI Filing Summary
Exzeo Group, Inc. has launched a new stock repurchase program authorizing the purchase of up to $12 million of its common shares under a Rule 10b5-1 trading plan. The authorization is effective immediately and allows repurchases in open market, block, or privately negotiated transactions, subject to securities law constraints.
Management states the company generates strong positive cash flow and has a debt-free balance sheet, and will use a portion of earnings to fund buybacks. A third-party broker will execute repurchases within preset price, volume, and timing parameters. The program is discretionary, may be suspended or canceled at any time, and the actual number of shares repurchased will depend on market conditions and plan constraints.
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Insights
Exzeo adds a flexible $12M buyback, framed as earnings-driven and rule-based.
Exzeo Group has authorized a share repurchase program of up to $12 million, implemented through a Rule 10b5-1 plan. The CEO highlights strong positive cash flow and a debt-free balance sheet, positioning buybacks as a way to deploy a portion of earnings into the company’s own stock.
Using a 10b5-1 structure with a third-party broker and Rule 10b-18 constraints makes the program more automatic and less sensitive to blackout periods. However, the company clearly notes it cannot predict how many shares will be repurchased and is not obligated to acquire any specific amount.
For investors, the key variables are trading price, available liquidity, and general market conditions, which will determine how much of the $12 million authorization is actually used. Future Form 10-Q and 10-K filings are expected to include repurchase activity, giving clearer evidence over time of how actively Exzeo executes this program.
8-K Event Classification
Key Figures
Key Terms
Rule 10b5-1 regulatory
Rule 10b-18 regulatory
Insurance-as-a-Service technical
Private Securities Litigation Reform Act of 1995 regulatory
FAQ
What did Exzeo Group (XZO) announce in its latest 8-K filing?
How will Exzeo Group (XZO) execute its $12 million buyback program?
Why did Exzeo Group adopt a Rule 10b5-1 trading plan for buybacks?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On May 26, 2026, Exzeo Group, Inc. ("Exzeo") issued a press release announcing that its Board of Directors has authorized a new program and adopted a corresponding plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to purchase up to $12 million of the Company’s common shares, subject to market conditions. The authorization and plan are effective immediately.
The repurchase program authorizes the Company to repurchase shares for cash periodically in open market purchases, block transactions, privately negotiated transactions, or by other means through the use of a trading program intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Act”) and in accordance with applicable securities laws and other restrictions, including Rule 10b-18 under the Act. The Company’s Board of Directors has adopted a Rule 10b5-1 repurchase plan under which share repurchases, if any, will be effected. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows the Company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. Under the Company’s Rule 10b5-1 trading plan, the Company’s third-party broker will have authority to purchase the Company's common shares in accordance with the terms of the plan, subject to SEC regulations regarding certain price, market, volume, and timing constraints.
The Company cannot predict the number of shares that will be purchased, if any, as the purchase of shares will depend on a number of factors, including constraints specified in the Rule 10b5-1 trading plan, price and general business and market conditions. Information regarding share repurchases will be available in the Company’s future periodic reports on Forms 10-Q and 10-K filed with the SEC as required by the applicable rules of the Act. The share repurchase program does not obligate the Company to acquire a specific number of shares of common stock and may be canceled or suspended at any time without notice.
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical facts included in this release, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements, and these forward-looking statements may include, without limitation, statements regarding the timing and amount of repurchases under the above-described repurchase program and the Rule 10b5-1 plan adopted thereunder. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties, which may include, without limitation, the risk that changes in the trading price of our securities may impact share repurchases; our available cash and liquidity; legal, regulatory, or legislative developments including changes in applicable securities laws or regulations; and the timing, pricing and execution of any repurchases. These and other risks are discussed under the captions entitled "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, with the U.S. Securities and Exchange Commission (“SEC”) and in our other reports and filings made with the SEC from time to time. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the Company's business, financial condition and results of operations. Exzeo Group, Inc. disclaims all obligations to update any forward-looking statements.
A copy of the press release is furnished as Exhibit 99.1 to this current Report on Form 8-K.
Item 9.01 Exhibits.
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Press Release Dated May 26, 2026 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Exzeo Group, Inc. |
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May 26, 2026 |
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/s/ Brook A. Baker |
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Brook A. Baker |
Exhibit 99.1
Exzeo Announces New Stock Repurchase Program
Tampa, Fla. (BUSINESS WIRE) - May 26, 2026 – Exzeo Group, Inc. (NYSE: XZO) today announced that its Board of Directors has authorized a new program and adopted a corresponding plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to purchase up to $12 million of the company’s common shares, subject to market conditions. The authorization and plan are effective immediately.
“This share repurchase program reflects our confidence in the long-term value of Exzeo Group. The company continues to generate strong positive cash flow and maintains a debt-free balance sheet,” said Paresh Patel, Chief Executive Officer of Exzeo. “Given our strong financial position, we are allocating a small portion of our earnings to acquire shares of Exzeo.”
The repurchase program authorizes the company to repurchase shares for cash periodically in open market purchases, block transactions, privately negotiated transactions, or by other means through the use of a trading program intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Act”) and in accordance with applicable securities laws and other restrictions, including Rule 10b-18 under the Act. The company’s Board of Directors has adopted a Rule 10b5-1 repurchase plan under which share repurchases, if any, will be effected. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows the company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. Under the company’s Rule 10b5-1 trading plan, the company’s third-party broker will have authority to purchase the company's common shares in accordance with the terms of the plan, subject to SEC regulations regarding certain price, market, volume, and timing constraints.
The company cannot predict the number of shares that will be purchased, if any, as the purchase of shares will depend on a number of factors, including constraints specified in the Rule 10b5-1 trading plan, price and general business and market conditions. Information regarding share repurchases will be available in the company’s future periodic reports on Forms 10-Q and 10-K filed with the SEC as required by the applicable rules of the Act. The share repurchase program does not obligate the company to acquire a specific number of shares of common stock and may be canceled or suspended at any time without notice.
About Exzeo Group, Inc.
Exzeo Group is a leading innovator in technology solutions purpose-built for property and casualty (P&C) insurance carriers, with a strong focus on the expansive homeowners insurance market. Through its completely internally developed “Insurance-as-a-Service” platform, Exzeo delivers a comprehensive suite of digital tools and services that streamline every aspect of carrier and agent operations - from quoting and underwriting to policy administration, claims handling, data analytics, and financial reporting. By integrating advanced technology with deep industry expertise, Exzeo empowers P&C insurers to enhance underwriting precision, drive operational efficiency, and achieve superior performance across the insurance value chain. For more information, please visit exzeo.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical facts included in this release, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements, and these forward-looking statements may include, without limitation, statements regarding the timing and amount of repurchases under the above-described repurchase program and the Rule 10b5-1 plan adopted thereunder. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties, which may include, without limitation, the risk that changes in the trading price of our securities may impact share repurchases; our available cash and liquidity; legal, regulatory, or legislative developments including changes in applicable securities laws or regulations; and the timing, pricing and execution of any repurchases. These and other risks are discussed under the captions entitled "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed on February 26, 2026, with the U.S. Securities and Exchange Commission (“SEC”) and in our other reports and filings made with the SEC from time to time. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. Exzeo Group, Inc. disclaims all obligations to update any forward-looking statements.
Company Contact:
Bill Broomall, CFA
Vice President, Investor Relations
wbroomall@exzeo.com
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel 949-574-3860
XZO@gateway-grp.com