STONE POINT CAPITAL LLC - 07 Nov 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role
Director
Signature
Stone Point Capital LLC, By: /s/ Jacqueline Giammarco, Chief Compliance Officer
Issuer symbol
ESGR
Transactions as of
07 Nov 2023
Net transactions value
-$21,582,100
Form type
4
Filing time
13 Nov 2023, 09:00:28 UTC
Previous filing
31 Aug 2023
Next filing
28 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESGR Ordinary Shares Sale $11,359,000 -50,000 -3.2% $227.18 1,496,196 07 Nov 2023 See Note F1, F2
transaction ESGR Ordinary Shares Sale $10,223,100 -45,000 -3% $227.18 1,451,196 07 Nov 2023 See Note F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 7, 2023, Trident Public Equity LP ("Trident"), an affiliate of Stone Point Capital LLC, and Dominic F. Silvester entered into a Purchase Agreement, pursuant to which Mr. Silvester agreed to purchase an aggregate of 45,000 voting ordinary shares ("Shares") of Enstar Group Limited ("Enstar") from Trident. Also, on November 7, 2023, Trident and Enstar entered into a Purchase Agreement, pursuant to which Enstar agreed to purchase an aggregate of 50,000 voting ordinary shares of Enstar from Trident. Closings are scheduled to occur on November 14, 2023. Consists of a total of (a) 54,436 Shares on behalf of Trident V, L.P. ("Trident V"), (b) 38,176 Shares on behalf of Trident V Parallel Fund, L.P. ("Trident V Parallel") and (c) 2,388 Shares on behalf of Trident V Professionals Fund, L.P. ("Trident V Professionals").
F2 Consists of Shares held by Trident Public Entity LP, (a) 831,541 Shares held for the benefit of Trident V, (b) 583,171 Shares held for the benefit of Trident V Parallel, and (c) 36,484 Shares held for the benefit of Trident V Professionals following the reported transactions. Stone Point Capital LLC and certain of its subsidiaries may be deemed to beneficially own the Shares held on behalf of one or more of Trident V, Trident V Parallel, Trident V Professionals, and Trident Public Equity LP. Each of the reporting persons disclaims beneficial ownership of the Shares disclosed herein except to the extent of such person's pecuniary interest therein, if any.

Remarks:

James D. Carey, President of Stone Point Capital LLC, is a member of the Board of Directors of Enstar. Mr. Carey is a member of the investment committee and owner of one of the four general partners of the general partners of each of Trident V and Trident V Parallel. Mr. Carey is a shareholder and director of Stone Point GP Ltd., which is the general partner of Trident V Professionals. On the basis of the relationships between Mr. Carey and the reporting persons, the reporting persons may be deemed directors by deputization in respect of Enstar.