Cunningham Lawrence A 4

What Happened

• Lawrence A. Cunningham, a director of Markel Group Inc. (MKL), acquired 32.961 shares on 2026-06-15 at $1,668.65 per share, for a total purchase value of $55,000. The shares were acquired under Markel’s 2020 Employee Stock Purchase Plan (ESPP), a routine company plan that lets participants buy stock, often at a discount.

Key Details

• Transaction date and price: 2026-06-15 — 32.961 shares at $1,668.65 each (total $55,000).
• Filing date / timeliness: Form 4 filed 2026-06-17 (within the standard 2-business-day reporting window).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan.
• Transaction code: Reported as an “other acquisition” (J) reflecting acquisition via the ESPP.

Context

• ESPP purchases are payroll- or plan-based buy-ins and are generally routine compensation/benefit transactions rather than open-market investment decisions; they can be informative but don’t necessarily signal management’s market view.
• This was a direct purchase (not an option exercise or sale) and so increases the insider’s equity stake by the stated amount.