DAVIS KERN MICHAEL 4

What Happened
Michael Davis, a director of American Coastal Insurance Corp (ACIC), made two open-market purchases on 2026-03-04: 700 shares at $11.71 ($8,197) and a second 700 shares at $11.71 ($8,197), for a combined total of 1,400 shares purchased for $16,394. Purchases (code P) are buys rather than sales and can be interpreted as a direct acquisition of stock rather than an option exercise or award.

Key Details

• Transaction date: 2026-03-04; Purchase price(s): $11.71 per share.
• Lots: 700 shares + 700 shares; Total value: $16,394.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Securities are held in accounts in the name of the reporting person's children; Davis has trading authority over those accounts and therefore may be deemed to have indirect beneficial ownership.
• Filing date: 2026-03-18 (filed 14 days after the trades). Form 4s are typically required within two business days of the transaction, so this filing appears to be late.

Context
These were straightforward open-market purchases (not options exercises, awards, or gifts). Purchases by insiders can be more informative to investors than routine sales, but this filing alone does not explain motivation. The footnote indicates the shares are held in his children's accounts with his trading authority, which explains why the trades were reported by the director.