AII — what changed in the latest 10-Q
A section-by-section comparison of AII's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +6 | −4 | ~4 | 20 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −8 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-13
using $3.0 million of the proceeds of the offering to terminate the management services agreement by and between James
Sowell Company, L.P. and AIIG. Pending their further use, the net proceeds from our IPO have been invested in
investment grade instruments, and there has been no material change in the expected use of the net proceeds from our IPO
6,151 shares of Common Stock were repurchased during the period by the Company from employees in satisfaction of
certain tax withholding obligations associated with the vesting of RSUs during the period. The Plan allows the Company to
Text removed vs the prior filing · source: 10-Q · 2026-05-14
issued in connection with the IPO and (iii) using $3.0 million of the proceeds of the offering to terminate the management
services agreement by and between James Sowell Company, L.P. and AIIG. Pending their further use, the net proceeds
from our IPO have been invested in investment grade instruments, and there has been no material change in the expected
There were no repurchases of our Common Stock during the three months ended March 31, 2026.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-13
During the quarter ended June 30, 2026, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the
Company adopted, modified, or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading
arrangement” (in each case, as defined in Item 408(a) of Regulation S-K),
Text removed vs the prior filing · source: 10-Q · 2026-05-14
On March 12, 2026, Robert Ritchie, the Company’s Chief Executive Officer, adopted a “Rule 10b5-1 trading arrangement”
as defined in Item 408(a) of Regulation S-K (the “Ritchie 10b5-1 Plan”) that is intended to satisfy the affirmative defense
conditions of Exchange Act Rule 10b5-1(c). The Ritchie 10b5-1 Plan provides for the sale of up to 775,000 shares of
Common Stock pursuant to one or more limit orders from June 11, 2026 until December 10, 2027, subject to earlier
termination in accordance with the terms of the Ritchie 10b5-1 Plan and applicable laws, rules and regulations.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice