Lederman bruce r 4

What Happened
Bruce Lederman, a director of Global Indemnity Group, LLC (GBLI), acquired two blocks of Class A common shares. On 2025-06-27 he acquired 503.37 A Shares in an open-market-type transaction for $32.78 each (total reported $16,500), and on 2026-03-31 he was granted 4,014 A Shares at an attributed value of $28.19 each (total reported $113,155). The June 2025 transaction was a purchase (via dividend reinvestment); the March 2026 transaction was a compensation award.

Key Details

• Transactions:
  • 2025-06-27 — Purchase (P): 503.37 A Shares @ $32.78; total reported $16,500. (Footnote F1: acquired via dividend reinvestment.)
  • 2026-03-31 — Award/Grant (A): 4,014 A Shares @ $28.19; total reported $113,155. (Footnote F2: comprises 3,103 vested shares for board service + 911 vested shares as a tax gross-up.)
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Filing timeliness: The 2025-06-27 dividend-reinvestment purchase was reported late (filed 2026-04-02). The 2026-03-31 grant was filed within the typical two-business-day window (filed 2026-04-02). Late reporting can reduce the informational value for timing analysis.
• Other: Filing includes Exhibit 24 (Power of Attorney). Lederman is reported as a director (not a 10% owner).

Context
Dividend reinvestment purchases are often automatic transfers of dividends into additional shares and may not reflect active market-timing decisions. The March award is compensation for board service (plus a tax gross-up), which is a routine non-sale insider grant and not a market sale. These filings are factual disclosures of acquisition; they do not by themselves indicate the insider’s broader view of the company.