FOX SAUL A 4

What Happened
Saul A. Fox, a board member and reported 10% owner of Global Indemnity Group, LLC (GBLI), was granted 8,446 Class A common shares on 2026-03-31 at an implicit value of $28.19 per share, totaling approximately $238,093. The grant is reported as an acquisition (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and value: 8,446 A Common Shares on 2026-03-31 at $28.19 each; total value ≈ $238,093.
• Grant breakdown (Footnote F1): 5,321 A Common Shares for board services and 3,125 A Common Shares as a tax gross-up.
• Shares owned after transaction: the Form 4 does not list a single "owned after" total for Mr. Fox personally; the filing reports substantial indirect holdings through related entities (see below).
• Notable footnotes:
  • F2–F4 describe indirect holdings through Mercury Assets Delaware LLC, Fox Mercury Investments, L.P., and Fox Paine Global, Inc.; Mr. Fox disclaims beneficial ownership of those securities except to the extent of his indirect pecuniary interest.
  • Exhibit 24 (Power of Attorney) attached.
• Timeliness: Report period 2026-03-31; Form 4 filed 2026-04-02 — filed within the typical two-business-day window (timely).

Context
This was a grant/award tied to board service (plus tax gross-up), not a market purchase or sale. Awards and tax-withholding grants are common compensation events and do not by themselves indicate buy/sell sentiment. Because Mr. Fox is reported as a 10% owner with significant indirect holdings via affiliated entities, those holdings are institutional/indirect in nature and he disclaims direct beneficial ownership of many of them per the filing.