American Coastal Insurance Corporation
US ˙ NasdaqCM ˙ US9107101027

Introduction

This page provides a comprehensive analysis of the known insider trading history of Daniel Peed. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Daniel Peed has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:ACIC / American Coastal Insurance Corporation Director, 10% Owner 1,981,936
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Daniel Peed. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases ACIC / American Coastal Insurance Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ACIC / American Coastal Insurance Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ACIC / American Coastal Insurance Corporation Insider Trades
Insider Sales ACIC / American Coastal Insurance Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ACIC / American Coastal Insurance Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2019-03-06 UIHC Peed Daniel 4,000 16.0000 4,000 16.0000 64,000 359 9.4000 -26,400 -41.25
2019-03-05 UIHC Peed Daniel 4,000 16.0100 4,000 16.0100 64,040
2019-03-04 UIHC Peed Daniel 4,000 16.3900 4,000 16.3900 65,560
2019-03-01 UIHC Peed Daniel 4,000 16.3500 4,000 16.3500 65,400
2019-02-28 UIHC Peed Daniel 4,000 16.3200 4,000 16.3200 65,280
2019-02-27 UIHC Peed Daniel 4,000 16.5100 4,000 16.5100 66,040
2019-02-26 UIHC Peed Daniel 4,000 16.2800 4,000 16.2800 65,120
2019-02-25 UIHC Peed Daniel 4,000 16.5000 4,000 16.5000 66,000
2019-02-22 UIHC Peed Daniel 4,000 16.0500 4,000 16.0500 64,200
2019-02-21 UIHC Peed Daniel 4,000 16.4100 4,000 16.4100 65,640
2019-02-20 UIHC Peed Daniel 4,000 16.3200 4,000 16.3200 65,280
2019-02-19 UIHC Peed Daniel 4,000 16.4300 4,000 16.4300 65,720
2019-02-15 UIHC Peed Daniel 4,000 16.2100 4,000 16.2100 64,840
2019-02-14 UIHC Peed Daniel 4,000 16.2500 4,000 16.2500 65,000
2019-02-13 UIHC Peed Daniel 4,000 16.2100 4,000 16.2100 64,840
2019-02-12 UIHC Peed Daniel 4,000 16.1200 4,000 16.1200 64,480
2019-02-11 UIHC Peed Daniel 4,000 16.0300 4,000 16.0300 64,120
2019-02-08 UIHC Peed Daniel 4,000 16.0300 4,000 16.0300 64,120
2019-02-07 UIHC Peed Daniel 4,000 16.1700 4,000 16.1700 64,680
2019-02-06 UIHC Peed Daniel 4,000 16.1600 4,000 16.1600 64,640
2019-02-05 UIHC Peed Daniel 4,000 16.3000 4,000 16.3000 65,200
2019-02-04 UIHC Peed Daniel 4,000 16.3400 4,000 16.3400 65,360
2019-02-01 UIHC Peed Daniel 4,000 16.3900 4,000 16.3900 65,560
2019-01-31 UIHC Peed Daniel 4,000 16.0700 4,000 16.0700 64,280
2019-01-30 UIHC Peed Daniel 4,000 16.0500 4,000 16.0500 64,200
2019-01-29 UIHC Peed Daniel 4,000 16.0800 4,000 16.0800 64,320
2019-01-28 UIHC Peed Daniel 1,500 16.1000 1,500 16.1000 24,150
2019-01-28 UIHC Peed Daniel 50 16.0900 50 16.0900 804
2019-01-28 UIHC Peed Daniel 749 16.0800 749 16.0800 12,044
2019-01-28 UIHC Peed Daniel 50 16.0300 50 16.0300 802
2019-01-28 UIHC Peed Daniel 250 16.0200 250 16.0200 4,005
2019-01-28 UIHC Peed Daniel 200 16.0200 200 16.0200 3,204
2019-01-28 UIHC Peed Daniel 850 16.0100 850 16.0100 13,608
2019-01-28 UIHC Peed Daniel 351 16.0000 351 16.0000 5,616
2019-01-25 UIHC Peed Daniel 4,000 16.0000 4,000 16.0000 64,000
2019-01-23 UIHC Peed Daniel 4,000 16.0000 4,000 16.0000 64,000
2019-01-22 UIHC Peed Daniel 3,900 16.0700 3,900 16.0700 62,673
2019-01-18 UIHC Peed Daniel 100 16.3600 100 16.3600 1,636
2019-01-18 UIHC Peed Daniel 100 16.3500 100 16.3500 1,635
2019-01-18 UIHC Peed Daniel 1,500 16.3400 1,500 16.3400 24,510
2019-01-18 UIHC Peed Daniel 100 16.2900 100 16.2900 1,629
2019-01-18 UIHC Peed Daniel 300 16.2600 300 16.2600 4,878
2019-01-18 UIHC Peed Daniel 100 16.2500 100 16.2500 1,625
2019-01-18 UIHC Peed Daniel 100 16.2400 100 16.2400 1,624
2019-01-18 UIHC Peed Daniel 200 16.2200 200 16.2200 3,244
2019-01-18 UIHC Peed Daniel 100 16.2100 100 16.2100 1,621
2019-01-18 UIHC Peed Daniel 900 16.1800 900 16.1800 14,562
2019-01-18 UIHC Peed Daniel 100 16.1700 100 16.1700 1,617
2019-01-18 UIHC Peed Daniel 200 16.1500 200 16.1500 3,230
2019-01-18 UIHC Peed Daniel 100 16.1400 100 16.1400 1,614
2019-01-18 UIHC Peed Daniel 100 16.1300 100 16.1300 1,613
2019-01-17 UIHC Peed Daniel 4,000 16.0200 4,000 16.0200 64,080
2019-01-16 UIHC Peed Daniel 1,800 16.0000 1,800 16.0000 28,800
2019-01-15 UIHC Peed Daniel 300 16.0100 300 16.0100 4,803
2019-01-14 UIHC Peed Daniel 1,000 16.0000 1,000 16.0000 16,000
2019-01-14 UIHC Peed Daniel 300 16.0100 300 16.0100 4,803
2019-01-14 UIHC Peed Daniel 200 16.0200 200 16.0200 3,204
2019-01-14 UIHC Peed Daniel 98 16.0600 98 16.0600 1,574
2019-01-14 UIHC Peed Daniel 2 16.0900 2 16.0900 32

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ACIC / American Coastal Insurance Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Daniel Peed as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-05-21 2025-05-19 4 ACIC AMERICAN COASTAL INSURANCE Corp
Common Stock 		A - Award 5,000 1,981,936 0.25
2024-05-15 2024-05-14 4 ACIC AMERICAN COASTAL INSURANCE Corp
Common Stock 		A - Award 5,000 1,976,936 0.25
2023-06-05 2023-06-02 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 5,000 1,971,936 0.25
2022-05-04 2022-05-03 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 5,000 1,966,936 0.25
2021-05-05 2021-05-04 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 5,000 1,961,936 0.26
2021-05-05 2019-01-22 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -3,900 1,958,036 -0.20 16.07 -62,673 31,465,639
2020-05-06 2020-05-05 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 5,000 1,960,836 0.26
2020-05-06 2020-05-05 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 5,000 1,960,836 0.26
2019-03-07 2019-03-06 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,950,836 -0.20 16.00 -64,000 31,213,376
2019-03-07 2019-03-05 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,954,836 -0.20 16.01 -64,040 31,296,924
2019-03-05 2019-03-04 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,958,836 -0.20 16.39 -65,560 32,105,322
2019-03-05 2019-03-01 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,962,836 -0.20 16.35 -65,400 32,092,369
2019-03-01 2019-02-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,966,836 -0.20 16.32 -65,280 32,098,764
2019-03-01 2019-02-27 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,970,836 -0.20 16.51 -66,040 32,538,502
2019-02-27 2019-02-26 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,974,836 -0.20 16.28 -65,120 32,150,330
2019-02-27 2019-02-25 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,978,836 -0.20 16.50 -66,000 32,650,794
2019-02-25 2019-02-22 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,982,836 -0.20 16.05 -64,200 31,824,518
2019-02-22 2019-02-21 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,986,836 -0.20 16.41 -65,640 32,603,979
2019-02-21 2019-02-20 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,990,836 -0.20 16.32 -65,280 32,490,444
2019-02-21 2019-02-19 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,994,836 -0.20 16.43 -65,720 32,775,155
2019-02-19 2019-02-15 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 1,998,836 -0.20 16.21 -64,840 32,401,132
2019-02-15 2019-02-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,002,836 -0.20 16.25 -65,000 32,546,085
2019-02-15 2019-02-13 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,006,836 -0.20 16.21 -64,840 32,530,812
2019-02-12 2019-02-12 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,010,836 -0.20 16.12 -64,480 32,414,676
2019-02-12 2019-02-11 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,014,836 -0.20 16.03 -64,120 32,297,821
2019-02-08 2019-02-08 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,018,836 -0.20 16.03 -64,120 32,361,941
2019-02-08 2019-02-07 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,022,836 -0.20 16.17 -64,680 32,709,258
2019-02-08 2019-02-06 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,026,836 -0.20 16.16 -64,640 32,753,670
2019-02-05 2019-02-05 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,030,836 -0.20 16.30 -65,200 33,102,627
2019-02-05 2019-02-04 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,034,836 -0.20 16.34 -65,360 33,249,220
2019-02-04 2019-02-01 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,038,836 -0.20 16.39 -65,560 33,416,522
2019-01-31 2019-01-31 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,042,836 -0.20 16.07 -64,280 32,828,375
2019-01-31 2019-01-30 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,046,836 -0.20 16.05 -64,200 32,851,718
2019-01-30 2019-01-29 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,050,836 -0.19 16.08 -64,320 32,977,443
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -351 2,054,836 -0.02 16.00 -5,616 32,877,376
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -850 2,055,187 -0.04 16.01 -13,608 32,903,544
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -200 2,056,037 -0.01 16.02 -3,204 32,937,713
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -250 2,056,237 -0.01 16.02 -4,005 32,940,917
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -50 2,056,487 0.00 16.03 -802 32,965,487
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -749 2,056,537 -0.04 16.08 -12,044 33,069,115
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -50 2,057,286 0.00 16.09 -804 33,101,732
2019-01-29 2019-01-28 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -1,500 2,057,336 -0.07 16.10 -24,150 33,123,110
2019-01-28 2019-01-25 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,058,836 -0.19 16.00 -64,000 32,941,376
2019-01-24 2019-01-23 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,062,836 -0.19 16.00 -64,000 33,005,376
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,066,836 0.00 16.13 -1,613 33,338,065
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,066,936 0.00 16.14 -1,614 33,360,347
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -200 2,067,036 -0.01 16.15 -3,230 33,382,631
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,067,236 0.00 16.17 -1,617 33,427,206
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -900 2,067,336 -0.04 16.18 -14,562 33,449,496
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,068,236 0.00 16.21 -1,621 33,526,106
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -200 2,068,336 -0.01 16.22 -3,244 33,548,410
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,068,536 0.00 16.24 -1,624 33,593,025
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,068,636 0.00 16.25 -1,625 33,615,335
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -300 2,068,736 -0.01 16.26 -4,878 33,637,647
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,069,036 0.00 16.29 -1,629 33,704,596
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -1,500 2,069,136 -0.07 16.34 -24,510 33,809,682
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,070,636 0.00 16.35 -1,635 33,854,899
2019-01-22 2019-01-18 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -100 2,070,736 0.00 16.36 -1,636 33,877,241
2019-01-18 2019-01-17 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -4,000 2,070,836 -0.19 16.02 -64,080 33,174,793
2019-01-17 2019-01-16 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -1,800 2,074,836 -0.09 16.00 -28,800 33,197,376
2019-01-15 2019-01-15 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -300 2,076,636 -0.01 16.01 -4,803 33,246,942
2019-01-15 2019-01-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -2 2,076,936 0.00 16.09 -32 33,417,900
2019-01-15 2019-01-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -98 2,076,938 0.00 16.06 -1,574 33,355,624
2019-01-15 2019-01-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -200 2,077,036 -0.01 16.02 -3,204 33,274,117
2019-01-15 2019-01-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -300 2,077,236 -0.01 16.01 -4,803 33,256,548
2019-01-15 2019-01-14 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		S - Sale -1,000 2,077,536 -0.05 16.00 -16,000 33,240,576
2018-05-10 2018-05-08 4 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		A - Award 3,750 2,078,536 0.18 19.72 73,950 40,988,730
2017-04-11 3 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		16,026,135
2017-04-11 3 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		25,827,912
2017-04-11 3 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		16,026,135
2017-04-11 3 UIHC UNITED INSURANCE HOLDINGS CORP.
Common Stock 		25,827,912
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)