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- Controlled Company (new) — CEO Trevor Burgess holds approximately 84% of voting power, making Neptune a controlled company under NYSE rules and exempting it from certain governance requirements.
- Dual Class (new) — Dual-class stock gives Class B shares ten votes per share, concentrating voting control with the CEO and limiting public shareholders' influence.
Neptune Insurance Holdings launches secondary offering of 9.84M shares at $27.50; company gets no proceeds
Filed May 14, 2026 · ~1 min read
Key Changes
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Selling stockholders offer 9,841,395 Class A shares at $27.50 each; the company sells no shares and receives no proceeds.
The Offering verify on EDGAR → -
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Company will repurchase 984,140 shares from underwriters at the offering price, reducing net shares sold and using company cash.
The Offering verify on EDGAR → -
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CEO Trevor Burgess holds ~84% voting power via dual-class stock, making Neptune a controlled company with limited minority influence.
Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify