Brecher Joseph 4

What Happened
Joseph Brecher, a director of Kestrel Group Ltd (KG), was granted 5,718 restricted shares (transaction code A) on June 10, 2026. The shares were issued at $0.00 (no cash paid), so the reported acquisition value is $0. This is an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; Filing date: 2026-06-12 (filed within the typical two-business-day Form 4 window).
• Grant details: 5,718 restricted shares, grant price $0.00, reported value $0.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: These restricted shares were granted under the 2025 Equity Incentive Plan and will vest 100% on the first anniversary of the grant date (see footnote F1).
• Transaction type: Award/Grant (A). No indication of a sale or exercise.

Context
Restricted stock awards are a common form of executive/director compensation and carry a vesting schedule (here, 100% vesting after one year). Such grants are not immediate market purchases or sales and do not by themselves indicate intent to buy or sell stock in the open market.