---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-298652"
form_type: "8-K"
ticker: "HRTG"
cik: "0001598665"
company_name: "Heritage Insurance Holdings, Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:34:16.234339+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heritage Insurance closes $26.5M public offering and private placement with insiders

## Summary
- Closed public offering of 3,703,703 shares at $6.75 per share; underwriter has 30-day option for 555,555 additional shares.
- Private placement of 148,148 shares to holder Raymond T. Hyer at $6.75; directors Garateix and Whiting bought 27,247 and 40,871 shares at $7.34.
- Gross proceeds of ~$26.5M; net proceeds expected ~$24.8M (or ~$28.3M if option fully exercised).
- Proceeds to be used for general corporate purposes and to fund anticipated growth and expansion.
- Public offering registered under effective shelf registration; private placement exempt under Section 4(a)(2).

## SEC filing metadata
- accession: 0001193125-23-298652
- form_type: 8-K
- ticker: HRTG
- cik: 0001598665
- company_name: Heritage Insurance Holdings, Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/0001193125-23-298652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/d655913d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-298652
- JSON: https://secwatch.observer/filing/0001193125-23-298652.json
- Plain text: https://secwatch.observer/filing/0001193125-23-298652.txt

## Key facts
- Material Agreements
  Heritage Insurance Holdings, Inc. entered into Purchase Agreement with Raymond T. Hyer, Ernie Garateix, Paul L. Whiting (effective 2023-12-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Raymond T. Hyer, Ernie Garateix, Paul L. Whiting
  - Effective: 2023-12-14
  source text: On December 14, 2023, the Company entered into a securities purchase agreement (“Purchase Agreement”) pursuant to which (i) Raymond T. Hyer, a current holder of approximately 13.5% shares of our Common Stock, agreed to purchase directly from us, in a concurrent private placement, 148,148 shares of Common Stock at the Public Offering Price and (ii) Ernie Garateix, a director of the Company and the Company’s Chief Executive Officer and Paul L. Whiting, a director of the Company, agreed to purchase directly from us, in a concurrent private placement, an aggregate of 27,247 and 40,871, respectively, shares of our Common Stock at $7.34
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/0001193125-23-298652-index.htm
- Material Agreements
  Heritage Insurance Holdings, Inc. entered into Underwriting Agreement with JonesTrading Institutional Services LLC (effective 2023-12-14).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: JonesTrading Institutional Services LLC
  - Effective: 2023-12-14
  source text: On December 14, 2023, Heritage Insurance Holdings, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with JonesTrading Institutional Services LLC (the “Underwriter”) in connection with its previously announced underwritten public offering (the “Offering”) of 3,703,703 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/0001193125-23-298652-index.htm

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