Proxy Supplement Corrects Insider Ownership, Revising Reported Control

summarizeSummary

Neptune Insurance Holdings Inc. filed a supplement to its definitive proxy statement, correcting previously reported beneficial ownership figures for its directors and executive officers, significantly revising their collective Class A common stock ownership and total voting power.

check_boxKey Events · Corporate Governance and Compliance · NP

• Corrected Outstanding Shares

  The number of Class A Common Stock outstanding as of April 7, 2026, was corrected from 94,600,000 to 94,895,913 shares.

• Significant Revision of Insider Beneficial Ownership

  The total Class A Common Stock owned by all named executive officers and directors as a group was corrected from 52,914,153 shares to 11,033,050 shares.

• Adjusted Insider Class A Ownership Percentage

  The percentage ownership of Class A Common Stock by executive officers and directors as a group was revised from 55.7% to 11.6%.

• Revised Total Voting Power for Insiders

  The percentage of total voting power of Common Stock held by executive officers and directors as a group was corrected from 92.9% to 85.8%.

auto_awesomeAnalysis · NP · Finance

This DEFA14A filing corrects significant errors in the company's definitive proxy statement from April 17, 2026. The most impactful revisions are to the beneficial ownership of Class A common stock and total voting power held by executive officers and directors as a group. Their reported Class A ownership percentage was revised from 55.7% to 11.6%, and their total voting power from 92.9% to 85.8%. While the company labels these as immaterial, such substantial changes in reported insider control and ownership are important for investors assessing corporate governance and management alignment.