---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-057990"
form_type: "8-K"
ticker: "SKWD"
cik: "0001519449"
company_name: "Skyward Specialty Insurance Group, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:54:42.770690+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Westaim launches secondary offering of 4.4M Skyward Specialty shares at $36.50 each

## Summary
- Selling stockholder Westaim HIIG GP Inc. offers 4,400,000 shares of SKWD common stock at $36.50 per share.
- Underwriters granted 30-day option to purchase up to an additional 660,000 shares.
- Skyward Specialty will not receive any proceeds from the sale; all net proceeds go to the selling stockholder.
- After offering, Westaim will hold 4.80% (full option exercise) or 6.45% (no exercise) of SKWD shares.
- Offering expected to close May 9, 2024; lock-up agreements with officers and directors for 90 days.

## SEC filing metadata
- accession: 0001104659-24-057990
- form_type: 8-K
- ticker: SKWD
- cik: 0001519449
- company_name: Skyward Specialty Insurance Group, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519449/000110465924057990/0001104659-24-057990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519449/000110465924057990/tm2413544d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-057990
- JSON: https://secwatch.observer/filing/0001104659-24-057990.json
- Plain text: https://secwatch.observer/filing/0001104659-24-057990.txt

## Key facts
- Material Agreements
  Skyward Specialty Insurance Group, Inc. entered into Underwriting Agreement with Barclays Capital Inc., Keefe, Bruyette & Woods, Inc. and Jefferies LLC as representatives of the several underwriters valued at $36.50 per share (effective 2024-05-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Barclays Capital Inc., Keefe, Bruyette & Woods, Inc. and Jefferies LLC as representatives of the several underwriters
  - Value: $36.50 per share
  - Effective: 2024-05-06
  source text: On May 6, 2024, Skyward Specialty Insurance Group, Inc., a Delaware corporation (the “Company”) and Westaim HIIG GP Inc. (the “Selling Stockholder”) entered in an underwriting agreement (the “Underwriting Agreement”) with Barclays Capital Inc., Keefe, Bruyette & Woods, Inc. and Jefferies LLC as representatives of the several underwriters named therein
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519449/000110465924057990/0001104659-24-057990-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.