BSOF Master Fund L.P. - Nov 9, 2023 Form 3 Insider Report for Hamilton Insurance Group, Ltd. (HG)

Role: 10%+ Owner
Signature: BSOF MASTER FUND L.P., By: Blackstone Strategic Opportunity Associates L.L.C., its general partner, By: /s/ Jack Pitts, Name: Jack Pitts, Title: Authorized Person
Stock symbol: HG
Transactions as of: Nov 9, 2023
Transactions value $: $0
Form type: 3
Date filed: 11/9/2023, 07:57 PM
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HG	Class B Common Stock						919K	Nov 9, 2023	See Footnotes	F1, F3, F4, F6
holding	HG	Class B Common Stock						53.2K	Nov 9, 2023	See Footnotes	F2, F3, F4, F6

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
holding	HG	Class A Common Stock							Nov 9, 2023	Class B Common Stock	10.4M		See Footnotes	F1, F3, F4, F5, F6
holding	HG	Class A Common Stock							Nov 9, 2023	Class B Common Stock	602K		See Footnotes	F2, F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects securities of Hamilton Insurance Group, Ltd. (the "Issuer") held directly by BSOF Master Fund L.P., a Cayman Islands exempted limited partnership ("BSOF").
F2	Reflects securities of the Issuer held directly by BSOF Master Fund II L.P., a Cayman Islands exempted limited partnership ("BSOF II", and together with BSOF, the "BSOF Funds").
F3	Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the managing member of BSOA. Blackstone Holdings I/II GP L.L.C. is the general partner of each of Holdings I and Holdings II. Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. Blackstone Group Management L.L.C. is the sole holder of the Series II preferred stock of Blackstone Inc. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F4	(continued from footnote 3) Each such Reporting Person may be deemed to beneficially own the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him, but each (other than BSOF and BSOF II to the extent of their respective direct holdings) disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F5	Each Class A Common Share will convert automatically into one Class B Common Share upon any transfer (except for transfers to a permitted transferee as defined in the bye-laws of the Issuer), whether or not for value.
F6	Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.