Sandip A. Kapadia - Mar 6, 2025 Form 4 Insider Report for Skyward Specialty Insurance Group, Inc. (SKWD)

Signature
/s/ Stacy E. Skelton, Attorney-in-Fact
Stock symbol
SKWD
Transactions as of
Mar 6, 2025
Transactions value $
-$148,760
Form type
4
Date filed
3/10/2025, 04:31 PM
Previous filing
Feb 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKWD Common Stock Options Exercise +2.94K +28.32% 13.3K Mar 6, 2025 Direct F1
transaction SKWD Common Stock Sale -$55K -1.1K -8.23% $50.24 12.2K Mar 6, 2025 Direct F2, F3
transaction SKWD Common Stock Options Exercise +5K +40.94% 17.2K Mar 6, 2025 Direct F4
transaction SKWD Common Stock Sale -$93.7K -1.87K -10.84% $50.24 15.3K Mar 6, 2025 Direct F2, F3

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 2022 LTIP - PSUs Options Exercise $0 -2.94K -100% $0.00 0 Mar 6, 2025 Common Stock 2.94K Direct F1, F5
transaction SKWD 2023 IPO RSU Grant (3-Year) Options Exercise $0 -5K -50% $0.00 5K Mar 6, 2025 Common Stock 5K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Stock Unit ("PSU") represents the right to receive, at settlement, one share of Common Stock of the Issuer.
F2 Sales to cover taxes and fees incurred in connection with the vesting and settlement of the Reporting Person's RSUs and PSUs reported on this Form 4.
F3 Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $49.53- $51.47, inclusive (weighted average of $50.2399). Reporting Person undertakes to provide to issuer or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein.
F4 Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Common Stock of the Issuer.
F5 On January 1, 2022, the Reporting Person was awarded 2,532 PSUs. The PSUs are subject to obtaining specified performance criteria from January 1, 2022 through December 31, 2024. Each PSU is equivalent to one share of the Company's Common Stock. The number of PSUs subject to vest under this award can range from 0% to 150% of the amount shown. This award fully vested on January 1, 2025 and settled upon certification by the Compensation Committee.
F6 On January 12, 2023, in conjunction with the Company's IPO the Reporting Person was granted an RSU award in the amount of 10,000 RSUs; 5,000 of the RSUs vested on January 12, 2025 and settled on March 6, 2025. The remaining 5,000 RSUs will fully vest on January 12, 2026 subject to the Reporting Person's continuous service through the vesting date.