American Family Mutual Insurance Company, S.I. - May 28, 2024 Form 4 Insider Report for Bowhead Specialty Holdings Inc. (BOW)

Role
Director, Other*, 10%+ Owner
Signature
American Family Mutual Insurance Company, S.I., By: /s/ Troy Van Beek, Chief Financial Officer
Stock symbol
BOW
Transactions as of
May 28, 2024
Transactions value $
$0
Form type
4
Date filed
5/29/2024, 05:44 PM
Previous filing
May 23, 2024
Next filing
Jul 2, 2024

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 BOW Warrant to Purchase Common Stock Award $0 +56.5K +3.5% $0.00 1.67M May 28, 2024 Common Stock 56.5K $17.00 Direct F1, F2, F3
transaction BOW Option (right to buy) Award $0 +28.2K +3.58% $0.00 816K May 28, 2024 Common Stock 28.2K $17.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Warrant Agreement, dated May 23, 2024, with the Issuer.
F2 In accordance with its terms, the Warrant became exercisable for an additional 56,471 shares upon closing of the underwriters' over-allotment option on May 28, 2024.
F3 This Warrant will vest as to 20% of the total number of shares subject to the Warrant on the first, second, third, fourth and fifth anniversaries of the vesting commencement date (05/23/2024).
F4 Pursuant to a Call Option Agreement, dated May 22, 2024, with GPC Partners Investments (SPV III) LP.
F5 In accordance with its terms, the Option became exercisable for an additional 28,236 shares upon closing of the underwriters' over-allotment option on May 28, 2024.