---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-259778"
form_type: "8-K"
ticker: "TIPT"
cik: "0001393726"
company_name: "TIPTREE INC."
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:05:13.178873+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tiptree sells Reliance First Capital to Carrington for 93.5% of tangible book value

## Summary
- Purchase price equals 93.5% of estimated Tangible Book Value at closing, minus expenses and taxes, plus specified cash amounts.
- Closing subject to regulatory approvals and no government prohibition; outside date April 30, 2026, extendable by 30 days.
- Key employees Hugh Miller, Richard Blass, Lee Miller, Marc Miller to enter employment agreements with Buyer at closing.
- Representations and warranties survive 6 years for fundamental reps; tax reps survive until statute of limitations plus 90 days.
- Indemnification for breaches of fundamental representations and covenants, subject to limitations.

## SEC filing metadata
- accession: 0001193125-25-259778
- form_type: 8-K
- ticker: TIPT
- cik: 0001393726
- company_name: TIPTREE INC.
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393726/000119312525259778/0001193125-25-259778-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393726/000119312525259778/tipt-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-259778
- JSON: https://secwatch.observer/filing/0001193125-25-259778.json
- Plain text: https://secwatch.observer/filing/0001193125-25-259778.txt

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