Riley Brian Joseph 4

What Happened

• Riley Brian Joseph, Chief Financial Officer of Global Indemnity Group, LLC (GBLI), was granted two awards of Book Value Rights (BVRs), recorded as derivative acquisitions (code A). The grants total 19,029.5 BVRs: 11,384.5 BVRs granted 2025-03-06 and 7,645 BVRs granted 2026-03-05. Each grant shows an acquisition price of $0.00 (these are contingent/derivative awards, not open‑market purchases).

Key Details

• Transaction dates and amounts:
  • 2025-03-06: 11,384.5 BVRs granted (price $0.00).
  • 2026-03-05: 7,645 BVRs granted (price $0.00).
• Vesting (time‑vested awards):
  • 11,384.5 BVRs vest 33% on 3/6/2026, 33% on 3/6/2027, and 34% on 3/6/2028. (F2)
  • 7,645 BVRs vest 33% on 3/5/2027, 33% on 3/5/2028, and 34% on 3/5/2029. (F3)
• What BVRs are: contingent rights to receive cash or Class A common shares equal in value to the award as determined by the issuer’s board; they are indexed to Belmont Holdings GX, Inc. equity and may settle in cash or shares. (F1)
• Ownership after transaction: not specified in the provided Form 4 excerpt.
• Filing timeliness: The Form 4 was filed 2026-04-22 while the earlier grant occurred 2025-03-06 — this indicates a late filing, which reduces the timeliness of the disclosure.
• Other: Exhibit 24 (Power of Attorney) included.

Context

• These were compensation awards (not purchases or sales). As derivative, time‑vested awards, they do not represent immediate cash investment or an open‑market buy/sell decision and are routine for officer compensation.
• Upon vesting the BVRs may be settled for cash or converted into Class A shares per the plan terms; any eventual sale or receipt of shares would be reported separately.