Francois Morin - Aug 6, 2021 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role: EVP and CFO
Signature: /s/ Francois Morin
Stock symbol: ACGL
Transactions as of: Aug 6, 2021
Transactions value $: -$29
Form type: 4
Date filed: 8/10/2021, 05:26 PM
Previous filing: May 18, 2021
Next filing: Aug 24, 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	$34.1K	+3.2K	+1.76%	$10.64	185K	Aug 6, 2021	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	-$34.1K	-840	-0.46%	$40.58	184K	Aug 6, 2021	Direct	F2

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	-3.2K	-100%	$0.00^*	0	Aug 6, 2021	Common Shares, $.0011 par value per share	3.2K	$10.64	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on October 3, 2012 and the next two installments on October 3, 2013 and October 3, 2014, subject to the applicable award agreement.
F2	In connection with the exercise of the share appreciation rights award described in Table II, 840 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 2,360 common shares.