D'Orazio Frank 4

What Happened

• Frank D'Orazio, CEO of James River Group Holdings, had 14,128 shares disposed/withheld on March 5, 2026 at $6.44 per share, for a total value of $90,984. This was not an open-market sale for cash gain but a company withholding of shares to satisfy tax liabilities arising from the vesting of restricted share units.

Key Details

• Transaction date and price: March 5, 2026 — 14,128 shares at $6.44 each (total ~$90,984).
• Transaction code: F (payment of exercise price or tax liability / shares withheld).
• Footnote: The withheld shares covered taxes on 43,778 restricted share units that vested on March 5, 2026 (per footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing: Reported on March 9, 2026 (appears to be a timely Form 4 filing for the March 5 transaction).

Context

• This is a routine tax-withholding event tied to RSU vesting (a net settlement), not a discretionary open-market sale or purchase. Such withholdings are common when equity awards vest and do not necessarily signal insider sentiment about the stock.