James Charles Hays - 12 Jan 2023 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Role: Director
Signature: /s/ Stacy E. Skelton, Attorney-in-Fact
Issuer symbol: SKWD
Transactions as of: 12 Jan 2023
Transactions value $: $0
Form type: 4
Filing time: 17 Jan 2023, 15:20:04
Previous filing: 06 May 2022
Next filing: 17 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKWD	Common Stock	Conversion of derivative security		+2.18M			2.18M	12 Jan 2023	JWayne, LLC	F1, F2
transaction	SKWD	Common Stock	Conversion of derivative security		+383K	+90.67%		806K	12 Jan 2023	Marquis Lafayette, LLC	F2, F3
holding	SKWD	Common Stock						23.6K	12 Jan 2023	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SKWD	Preferred Series A Stock	Conversion of derivative security		-263K	-100%		0	12 Jan 2023	Preferred Series A Stock	263K		JWayne, LLC	F1
transaction	SKWD	Preferred Series A Stock	Conversion of derivative security		-46.3K	-100%		0	12 Jan 2023	Preferred Series A Stock	46.3K		Marquis Lafayette, LLC	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting entity owned 262,842.919 shares of the Company's Preferred Series A Stock, which converted to 2,175,851 shares of Common Stock upon the consummation of the Company's IPO.
F2	The reporting person is the controlling member of the entity.
F3	The reporting entity owned 46,289.620 shares of the Company's Preferred Series A Stock, which converted to 383,192 shares of Common Stock upon the consummation of the IPO.
F4	On January 1, 2021, the reporting person was granted a Restricted Stock Award in the amount of 7,582 shares of common stock. This award will fully vest on January 1, 2024. Also includes a Restricted Stock Award in the amount of 8,450 shares of common stock granted on January 1, 2021. This award will fully vest on January 1, 2024.