Cohen Erik 4

What Happened Erik Cohen, a director of Kestrel Group Ltd (KG), received an award of 5,718 restricted common shares on June 10, 2026. The shares were granted at $0.00 (no cash paid) under the company's 2025 Equity Incentive Plan; the filing reports the grant value as $0. This is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-12 (timely within the Form 4 two-business-day requirement).
• Price: $0.00 per share; total reported acquisition value = $0.
• Vesting: 100% vests on the first anniversary of the grant (June 10, 2027) per footnote.
• Shares owned after transaction: Not specified in the provided filing details.
• Transaction type: Award/Grant under the 2025 Equity Incentive Plan (code A).

Context Restricted-share awards to directors are a form of compensation/retention and typically vest over time; they do not represent an immediate purchase or sale of stock. Because these shares vest in one year, they become deliverable only if vesting conditions are met, and they were not sold or exercised at the time of grant.