Sanjay Madhu - 14 Feb 2025 Form 4 Insider Report for OXBRIDGE RE HOLDINGS Ltd (OXBR)

Role
CEO, President, Director
Signature
/s/ Sanjay Madhu
Issuer symbol
OXBR
Transactions as of
14 Feb 2025
Net transactions value
+$0.06
Form type
4
Filing time
20 Feb 2025, 16:07:34 UTC
Previous filing
14 Jun 2024
Next filing
19 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OXBR Ordinary Shares Award $0 +40,000 +24% $0.000000 210,000 14 Feb 2025 Direct F1
transaction OXBR Ordinary Shares Options Exercise $400,000 +200,000 +95% $2.00 410,000 14 Feb 2025 Direct F2
transaction OXBR Ordinary Shares Tax liability $400,000 -77,821 -19% $5.14 332,179 14 Feb 2025 Direct F2
holding OXBR Ordinary Shares 125,231 14 Feb 2025 See Footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OXBR Share Options (right to buy) Options Exercise $0 +200,000 $0.000000 0 14 Feb 2025 Ordinary Shares 200,000 $2.00 Direct F2
holding OXBR Share Options (right to buy) 175,000 14 Feb 2025 Ordinary Shares 175,000 $6.00 Direct F4
holding OXBR Share Options (right to buy) 25,000 14 Feb 2025 Ordinary Shares 25,000 $6.06 Direct F4
holding OXBR Share Options (right to buy) 25,000 14 Feb 2025 Ordinary Shares 25,000 $6.00 Direct F4
holding OXBR Warrants to Purchase Ordinary Shares 105,000 14 Feb 2025 Ordinary Shares 105,000 $7.50 See Footnote F3, F5
holding OXBR Warrants to Purchase Ordinary Shares 98,768 14 Feb 2025 Ordinary Shares 98,768 $7.50 See Footnote F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted ordinary shares under the Issuer's 2021 Omnibus Incentive Plan.
F2 Represents a "net exercise" of 200,000 outstanding share options. 77,821 shares were withheld by the company for payment of the exercise price at a share price of $5.14. The remaining net 122,179 ordinary shares were issued to, and retained by, the reporting person.
F3 Shares indirectly held in the name of Universal Finance and Investments, L.C., which is 100% owned by the Reporting Person.
F4 These share options are currently exercisable and vested in increments of 6.25% each on a quarterly basis, commencing on the date granted, and continuing on April 1st, July 1st, October 1st and January 1st of each calendar year, over a four-year period.
F5 Currently exercisable.