Filing Details
- Accession Number:
- 0001702668-25-000005
- Form Type:
- 13D Filing
- Publication Date:
- 2025-05-08 20:00:00
- Filed By:
- Peed Daniel
- Company:
- American Coastal Insurance Corp (NASDAQ:ACIC)
- Filing Date:
- 2025-05-09
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Peed Daniel | 1,976,936 | 15,292,787 | 1,976,936 | 11,876,563 | 17,269,723 | 35.7% |
| Peed FLP1, Ltd, L.L.P. | 0 | 11,876,563 | 0 | 11,876,563 | 11,876,563 | 24.6% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
|
AMERICAN COASTAL INSURANCE Corp (Name of Issuer) |
Common Stock, $0.0001 par value (Title of Class of Securities) |
910710102 (CUSIP Number) |
R. Daniel Peed 570 Carillon Parkway, Suite 100, St. Petersburg, FL, 33716 727-633-0851 Eric T. Juergens 66 Hudson Blvd E, New York, NY, 10001 212-909-6000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/31/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 910710102 |
| 1 |
Name of reporting person
Peed Daniel | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
17,269,723.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
35.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| CUSIP No. | 910710102 |
| 1 |
Name of reporting person
Peed FLP1, Ltd, L.L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
TEXAS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
11,876,563.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
24.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, $0.0001 par value | |
| (b) | Name of Issuer:
AMERICAN COASTAL INSURANCE Corp | |
| (c) | Address of Issuer's Principal Executive Offices:
570 CARILLON PARKWAY, SUITE 100, SAINT PETERSBURG,
FLORIDA
, 33716. | |
Item 1 Comment:
This Amendment No. 1 (the "Amendment") amends the Statement on Schedule 13D (as amended, the "Statement") initially filed on April 3, 2017, and relates to the shares of common stock ("Shares"), par value $0.0001 (the "Common Stock"), of American Coastal Insurance Corporation, a Delaware corporation (the "Issuer"). The Issuer's principal executive offices are located at 570 Carillon Parkway, Suite 100, St. Petersburg, FL 33716. This Amendment is being filed as a result of sales of Shares by Leah Anneberg Peed over which the reporting persons had a voting proxy. | ||
| Item 2. | Identity and Background | |
| (c) | Item 2(c) of the Statement is hereby amended by replacing the last sentence with the following: The principal occupation of Mr. Peed is as Executive Chairman of the board of directors of the Issuer. | |
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Item 5(a) of the Statement is hereby amended and restated as follows:
Mr. Peed directly owns 1,976,936 Shares, representing 4.1% of the outstanding Shares. Peed FLP1 directly owns 11,876,563 Shares, representing 24.6% of the outstanding Shares, which are indirectly owned by Mr. Peed. Additionally, Mr. Peed has the power to vote 3,416,224 shares held of record by Leah Anneberg Peed pursuant to a voting proxy dated August 2016, attached to the Statement as Exhibit 4, representing 7.1% of the outstanding Shares. The Reporting Persons beneficially own in the aggregate 17,269,723 Shares. The Shares beneficially owned by Reporting Persons represent, in the aggregate, approximately 35.7% of the outstanding Shares. The percentages of beneficial ownership in this Schedule 13D are based on an aggregate of 48,308,466 Shares outstanding as of March 20, 2025, based on information disclosed in the Issuer's Schedule 14A filed on April 2, 2025. | |
| (b) | Item 5(b) of the Statement is hereby amended and restated as follows:
Mr. Peed has the sole power to vote or direct the vote of and dispose or direct the disposition of 1,976,936 Shares directly held by him. Peed FLP1 and Mr. Peed share the power to vote or direct the vote of and dispose or direct the disposition of the 11,876,563 Shares held directly by Peed FLP1 and held indirectly by Mr. Peed. Additionally, Mr. Peed has the power to vote 3,416,224 Shares held by Leah Anneberg Peed pursuant to a voting proxy dated August 2016 attached to the Statement as Exhibit 4, representing 7.1% of the outstanding Shares. | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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