Maamoun Rajeh - May 5, 2021 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role: Chairman & CEO Arch Re Group
Signature: /s/ Maamoun Rajeh
Stock symbol: ACGL
Transactions as of: May 5, 2021
Transactions value $: -$10
Form type: 4
Date filed: 5/7/2021, 04:11 PM
Next filing: May 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACGL	Common Shares, $.0011 par value per share	Options Exercise	$757K	+57.2K	+15.79%	$13.23	420K	May 5, 2021	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	-$757K	-18.8K	-4.49%	$40.19	401K	May 5, 2021	Direct	F1

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	ACGL	Share Appreciation Right	Options Exercise	$0	-57.2K	-100%	$0.00^*	0	May 5, 2021	Common Shares, $.0011 par value per share	57.2K	$13.23	Direct	F2

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

Explanation of Responses:

Id	Content
F1	In connection with the exercise of the share appreciation rights award described in Table II, 18,834 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 38,379 common shares.
F2	The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on July 1, 2013 and the next two installments on July 1, 2014 and July 1, 2015, subject to the applicable award agreement.