| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | JRVR | Common Shares | Options Exercise | $37.5M | +5.86M | $6.40 | 5.86M | Nov 11, 2024 | By GPC Partners Investments (Thames) LP | F1, F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | JRVR | Series A Perpetual Cumulative Convertible Preferred Shares | Options Exercise | $0 | -37.5K | -25% | $0.00 | 113K | Nov 11, 2024 | Common Shares | 5.86M | $6.40 | By GPC Partners Investments (Thames) LP | F1, F3 |
| transaction | JRVR | Series A Perpetual Cumulative Convertible Preferred Shares | Disposed to Issuer | $0 | -113K | -100% | $0.00 | 0 | Nov 11, 2024 | Common Shares | 5.14M | $21.90 | By GPC Partners Investments (Thames) LP | F1, F3 |
| transaction | JRVR | Series A Perpetual Cumulative Convertible Preferred Shares | Award | $0 | +113K | $0.00 | 113K | Nov 11, 2024 | Common Shares | 13.5M | $8.32 | By GPC Partners Investments (Thames) LP | F1, F3 |
| Id | Content |
|---|---|
| F1 | On November 11, 2024, GPC Partners Investments (Thames) LP ("GPC Thames") exchanged 37,500 Series A Perpetual Cumulative Convertible Preferred Shares (the "Series A Preferred Shares") for 5,859,375 Common Shares at a price per share of $6.40, pursuant to the terms of that certain First Amendment to the Investment Agreement (the "Investment Agreement Amendment") and Amended and Restated Certificate of Designations of the Series A Preferred Shares (the "A&R Certificate of Desigations"). Pursuant to the Investment Agreement Amendment and A&R Certificate of Designations, the remaining 112,500 Series A Preferred Shares are convertible at any time at the option of the holder at a modified conversion price of $8.32 into the number of Common Shares shown in column 7, subject to adjustments as set forth in the A&R Certificate of Designations. The Series A Preferred Shares have no expiration date. |
| F2 | Pursuant to the Issuer's organizational documents, in no event may the Series A Preferred Shares held directly or indirectly by the Reporting Person, together with any Common Shares received on conversion of Series A Preferred Shares or as Dividends with respect to such Series A Preferred Shares, be entitled to vote in excess of 9.9% of the aggregate voting power of the then-outstanding Common Shares on an as converted basis or of the outstanding voting securities of the Issuer. |
| F3 | The shares are held directly by GPC Thames. GPC Partners II GP LLC ("GPC II GP") is the general partner of GPC Thames, and Gallatin Point Capital LLC ("Gallatin Point") is the managing member of GPC II GP. The Reporting Person and Lewis (Lee) Sachs are the Co-Founders and Managing Partners of the ultimate parent of Gallatin Point and collectively make voting and investment decisions on behalf of GPC Thames. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"). |