Sean P. Downes has filed a Form 144/A to sell 20,000 shares of Universal Insurance Holdings, Inc. This transaction is valued at approximately $965,000 and highlights significant movements within the insurance sector.

Universal Insurance Holdings, Inc., identified by the Central Index Key (CIK) 0000891166, operates in the fire, marine, and casualty insurance industry. The company is incorporated in Delaware and has its business address at 1110 W. Commercial Blvd., Suite 100, Fort Lauderdale, FL. The firm is publicly traded on the NYSE under the SEC File Number 001-33251.

The filing indicates that Downes acquired the shares on October 30, 2026, as part of a compensation arrangement. The transaction is being facilitated through Raymond James & Associates, Inc., a broker based in St. Petersburg, FL.

According to the filing, Downes has previously sold shares in Universal Insurance Holdings. In August and September 2026, he sold 20,000 shares each time, generating gross proceeds of approximately $884,339 and $878,537, respectively. This pattern suggests a strategic divestment of his holdings in the company.

The filing does not specify what will happen next regarding Downes' remaining shares or any further transactions.

Details of the Transaction

The Form 144/A indicates that the shares being sold by Downes were acquired through a compensation arrangement, specifically categorized as 'Lieu Compensation'. This acquisition took place on the same date as the sale, October 30, 2026, and the payment for these shares was made in cash.

Additionally, the filing notes that the total number of outstanding shares for Universal Insurance Holdings, Inc. is 27,830,355, providing context for the scale of Downes' transaction relative to the company's overall equity.

Broker Information

The transaction is being executed through Raymond James & Associates, Inc., which is located at 880 Carillon Parkway, St. Petersburg, FL. This broker's involvement signifies a formalized process for the sale of the shares.

Previous Sales

In the past three months leading up to this filing, Downes has sold a total of 40,000 shares across two transactions, with gross proceeds of approximately $1,762,877. This trend of selling shares may reflect a strategic decision to liquidate a portion of his holdings.

"This filing does not provide any insights into Downes' future plans regarding his remaining shares or any potential impact on Universal Insurance Holdings, Inc.'s stock performance."