Hotchkiss Michael 4

What Happened
Michael Hotchkiss, a director of Kestrel Group Ltd (KG), received an award of 5,718 restricted common shares on June 10, 2026. The grant price reported is $0.00 (no cash paid); the reported dollar value is $0. These shares were issued as a grant under the company’s 2025 Equity Incentive Plan.

Key Details

• Transaction type: Award/Grant (code A).
• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely filing).
• Shares granted: 5,718; acquisition price: $0.00; reported total cash value: $0.
• Vesting: Per footnote, the restricted shares vest 100% on the first anniversary of the grant (June 10, 2027).
• Shares owned after transaction: Not reported in the provided filing details.
• No 10b5-1 plan, tax-withholding sale, or exercise noted in this transaction.

Context
Restricted stock awards are a form of equity compensation that typically ties value to continued service; they do not represent an open-market purchase or sale. Because these shares vest after a period (one year here), they mainly reflect compensation rather than an immediate trading signal. Grants increase insider ownership potential but should be interpreted alongside other insider trades and company fundamentals.