ShareholdingMay 11, 2026, 04:39 PM
Neptune Insurance Selling Stockholders Offer 8.36M Class A Shares
AI Summary
Neptune Insurance Holdings Inc. filed an S-1 registration statement for a secondary offering of 8,355,615 shares of Class A common stock by selling stockholders. The company will not receive any proceeds from this sale. Concurrently, Neptune intends to repurchase 835,561 shares of its Class A common stock from the underwriters. The company operates as a "controlled company" due to its CEO's significant voting power and is also an "emerging growth company."
Key Highlights
- Selling stockholders are offering 8,355,615 shares of Class A common stock.
- Neptune Insurance Holdings Inc. will repurchase 835,561 Class A shares from underwriters.
- The company will not receive any proceeds from the sale by selling stockholders.
- Class A common stock is listed on the NYSE under the symbol "NP".
- Last reported sale price on May 8, 2026, was $29.92 per share.
- CEO Trevor Burgess beneficially owns ~84.0% voting power, making Neptune a "controlled company".
- Underwriters have an option to purchase up to an additional 1,253,342 shares.