Daniel S. Loeb - May 25, 2023 Form 4 Insider Report for SiriusPoint Ltd (SPNT)

Role
Director
Signature
DANIEL S. LOEB, /s/ William Song, as Attorney-in-Fact for Daniel S. Loeb
Stock symbol
SPNT
Transactions as of
May 25, 2023
Transactions value $
$2,494
Form type
4
Date filed
5/30/2023, 04:38 PM
Previous filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPNT Series B Preference Shares Purchase $2.49K +105 +0.3% $23.75 34.8K May 25, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Complete Title of Security: 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share (the "Series B Preference Shares"). Dividends on the Series B Preference Shares are cumulative and payable quarterly in arrears at a rate of 8.0%. The Series B Preference Shares have no voting rights unless dividends have not been paid for six dividend periods, whether or not consecutive, in which case the holders of the Series B Preference Shares will have the right to elect two directors of the Issuer. The Series B Preference Shares are not convertible into or exchangeable for any other securities or property of the Issuer, except at the sole discretion of the Issuer under the circumstances described in Section 8(a) of the Amended and Restated Certificate of Designation of the Series B Preference Shares (the "Certificate") upon the occurrence of a Tax Event or a Capital Disqualification Event (as such terms are defined in the Certificate).
F2 The description of certain of the terms applicable to the Series B Preference Shares set forth in footnote 1 to this Form 4 does not purport to be a complete description of the Series B Preference Shares and is qualified in its entirety by reference to the Certificate, which was previously filed with the SEC as Exhibit 3.1 to the Issuer's current report on Form 8-K filed with the SEC on March 18, 2021.
F3 On May 25, 2023, the Reporting Person acquired 105 Series B Preference Shares in the open market at a price of $23.75 per share.

Remarks:

The Power of Attorney granted by Daniel S. Loeb in favor of William Song and Joshua L. Targoff, dated February 17, 2021, was previously filed with the SEC on March 4, 2021 as Exhibit 24 to the Form 4 filed by Third Point LLC and Daniel S. Loeb with respect to Radius Global Infrastructure, Inc. and is incorporated herein by reference.