Utley Charles 4

4 · Burford Capital Ltd · Filed Mar 30, 2026

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Updated Mar 30, 2026

Burford Capital (BUR) Chief Accounting Officer Utley Exercises RSUs

What Happened

Utley Charles, Chief Accounting Officer of Burford Capital Ltd (BUR), had RSUs vest on March 26, 2026 that converted into 21,006 ordinary shares (16,962 + 4,044). The filing records a net settlement for tax withholding where 8,466 shares were surrendered at $7.70 per share for $65,188. Net shares retained after withholding: 12,540.

Key Details

Transaction date: 2026-03-26; Form 4 filed: 2026-03-30 (filed on time).
Acquisitions: 16,962 shares and 4,044 shares recorded as exercise/conversion of derivatives (code M) at $0.00 (these reflect RSU-to-share conversion).
Disposal for tax withholding: 8,466 shares disposed (code F) at $7.70 per share = $65,188 (net settlement of withholding).
Footnotes: F1 = full vesting of RSUs granted 3/22/2023; F2 = vesting of one-third of RSUs granted 3/13/2025; F3 = tax withholding satisfied by net settlement of shares.
Shares owned after transaction: not reported in this Form 4.

Context

These entries reflect RSU vesting (awarded shares converting one-for-one) rather than an open-market purchase or a voluntary sale. The tax withholding via net settlement (surrendering shares) is a common administrative step and not necessarily an indication of bullish or bearish sentiment. Transaction codes: M = conversion/exercise of derivative (RSU conversion here); F = tax withholding.

Form 4

Period: 2026-03-26

Chief Accounting Officer

Transactions

Exercise/Conversion
Ordinary shares, no par value ("Ordinary Shares")
[F1]
2026-03-26+16,962→ 35,823 total
Exercise/Conversion
Ordinary Shares
[F2]
2026-03-26+4,044→ 39,867 total
Tax Payment
Ordinary Shares
[F3]
2026-03-26$7.70/sh−8,466$65,188→ 31,401 total
Exercise/Conversion
RSUs
[F1]
2026-03-26−16,962→ 40,435 total
→ Ordinary Shares (16,962 underlying)
Exercise/Conversion
RSUs
[F2]
2026-03-26−4,044→ 36,391 total
→ Ordinary Shares (4,044 underlying)

Footnotes (3)

[F1]Represents vesting of an award of restricted share units ("RSUs") granted on March 22, 2023 that vested in full on the third anniversary of the grant date. Each RSU converts into an Ordinary Share on a one-for-one basis.
[F2]Represents vesting of one-third of an award of RSUs granted on March 13, 2025. Each RSU converts into an Ordinary Share on a one-for-one basis.
[F3]Represents satisfaction of tax withholding obligations by net settlement of Ordinary Shares upon vesting of RSUs.

Signature

/s/ Mark N. Klein, as attorney-in-fact|2026-03-30

1 file