ARX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• On August 13, 2026, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Cherry Tree BidCo, a Cayman Islands exempted company (“Parent”), and Cherry Tree Merger Sub, a Cayman Islands exempted company and a wholly owned subsidiary of Parent (“Merger Sub”). Parent and Merger S…

• Under the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each Class A common share and Class B common share of the Company, $0.0000011951862 par value per share (the “Shares”), issued and outstanding immediately prior to the Effective Time will be converte…

• The Merger Agreement also provides that, at the Effective Time, by virtue of the Merger:

• •Each in-the-money share option, whether vested or unvested, will be canceled and exchanged for a cash payment equal to its aggregate spread value (based on the excess of the Merger Consideration over the per-Share exercise price and the number of Shares underlying such share option). All underwater…

• •Each restricted share unit (“RSU”) that vests at the Effective Time in accordance with the terms of the applicable award agreement (“Single Trigger RSUs”) will be canceled in exchange for a cash payment equal to the product of the Merger Consideration and the number of Shares subject to such Single…

Text removed vs the prior filing · source: 10-Q · 2026-05-13

• (1) The year-over-year growth rate of 16% for the three months ended March 31, 2026 was suppressed relative to prior periods as it reflects our placement of certain Members into runoff. Excluding that Member, Exchange Written Premium grew by $204.1 million (or 22%) for the three months ended March 3…

• Our Risk Capital Partners (“Demand Side” of the Risk Exchange)

• Currently, our Risk Capital Partners include third-party insurance companies, reinsurance companies, and institutional investors. As of March 31, 2026, 18 Accelerant Risk Exchange Insurers (an increase of five Accelerant Risk Exchange Insurers since March 31, 2025) accessed gross premium written dir…

• We refer to gross written premium written directly on behalf of the Accelerant Risk Exchange Insurers as “Third-Party Direct Written Premium.” All premiums written by Accelerant Underwriting, including that which is ultimately reinsured to institutional investors and third-party reinsurers, is refer…

• For Accelerant Underwriting, we have historically targeted reinsuring approximately 90% of our gross premium written to institutional investors and third-party reinsurers, while retaining approximately 10% of these gross premiums written. For the trailing twelve months ended March 31, 2026, Accelera…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• •On March 24, 2026, Nancy Hasley, a member of the board of directors of the Company, entered into a written modification (the “Modification Letter”) of her existing Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) adopted on December 8, 2025 (the “Existin…

Text removed vs the prior filing · source: 10-Q · 2026-05-13

• •On March 24, 2026, Jeff Radke, Chief Executive Officer, entered into a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c), with a term scheduled to end on June 21, 2027, relating to the sale of the lesser of (1) 4,160,000 Class A common shares, or (2) a nu…

• •On February 18, 2026, Frank O'Neill, Chief Underwriting Officer, terminated a Rule 10b5-1 Trading Plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act that he had previously entered into on December 8, 2025. On March 23, 2026, Mr. O'Neill entered into a Rule 10b…

• •On March 23, 2026, Christopher Lee-Smith, Head of Distribution, entered into a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c), with a term scheduled to end on April 1, 2027, relating to the sale of up to 1,767,000 Class A common shares of the Company, …