David Kang-Wen Ni - 20 Mar 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role: Chief Strategy Officer
Signature: /s/ Audrey B. Taranto by power of attorney
Issuer symbol: ESGR
Transactions as of: 20 Mar 2023
Net transactions value: -$54,809
Form type: 4
Filing time: 22 Mar 2023, 16:54:23 UTC
Previous filing: 03 Mar 2023
Next filing: 03 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESGR	Ordinary Shares	Award	$0	+4,488	+33%	$0.000000	17,914	20 Mar 2023	Direct	F1, F2
transaction	ESGR	Ordinary Shares	Other	$0	+11,441	+177%	$0.000000	17,914	20 Mar 2023	Direct	F2, F3
transaction	ESGR	Ordinary Shares	Award	$0	+943	+5.3%	$0.000000	18,857	20 Mar 2023	Direct	F4, F5
transaction	ESGR	Ordinary Shares	Tax liability	$54,809	-246	-1.3%	$222.80	18,611	20 Mar 2023	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Represents a grant pursuant to the Enstar Group Limited Amended and Restated 2016 Equity Incentive Plan (the "Equity Incentive Plan") of Restricted Stock Units ("RSUs") scheduled to vest on February 4, 2026. The RSUs are payable in ordinary shares upon vesting and each RSU is the economic equivalent of one ordinary share.
F2	Includes 332 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023; 418 RSUs that vest in two equal annual installments beginning on March 20, 2024; and 15,929 RSUs that vest on February 4, 2026.
F3	Represents the modification of an existing grant of RSUs pursuant to the Equity Incentive Plan. The original award was granted on February 4, 2022 and consisted of 11,441 RSUs that were scheduled to vest on February 4, 2025. The reporting person and the Company have agreed to modify the award to extend the vesting date to February 4, 2026.
F4	Represents a grant pursuant to the Equity Incentive Plan of RSUs that vest in three approximately equal annual installments beginning on the first anniversary of the grant date. The RSUs are payable in ordinary shares upon vesting and each RSU is the economic equivalent of one ordinary share.
F5	Includes 332 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023; 418 RSUs that vest in two equal annual installments beginning on March 20, 2024; 943 RSUs that vest in three approximately equal annual installments on March 20, 2024; and 15,929 RSUs that vest on February 4, 2026.