ELIZABETH OCONNELL - 07 Mar 2025 Form 4 Insider Report for Burford Capital Ltd (BUR)

Role: Chief Strategy Officer
Signature: /s/ Mark N. Klein, as attorney-in-fact
Issuer symbol: BUR
Transactions as of: 07 Mar 2025
Net transactions value: +$1,625,203
Form type: 4
Filing time: 10 Mar 2025, 21:26:45 UTC
Previous filing: 02 Jan 2025
Next filing: 10 Apr 2025
SEC: View on sec.gov

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	BUR	Phantom RSUs	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$1,625,203	+120,654	+95%	$13.47	247,070	07 Mar 2025	Ordinary Shares	120,654		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents a purchase of 90,489.5 phantom restricted share units ("Phantom RSUs") by Ms. O'Connell under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and a matching contribution by Burford Capital Limited (the "Company") of 30,164.0 Phantom RSUs, which vest on March 6, 2027, in accordance with the NQDC Plan, subject to Ms. O'Connell's continued employment through such date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one ordinary share, no par value, of the Company ("Ordinary Share"), which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.
F2	The transactions reported in this Form 4 do not include transactions made and reported separately by Christopher Bogart, the reporting person's spouse, who is also an executive officer of the Company.

Content

Represents a purchase of 90,489.5 phantom restricted share units ("Phantom RSUs") by Ms. O'Connell under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and a matching contribution by Burford Capital Limited (the "Company") of 30,164.0 Phantom RSUs, which vest on March 6, 2027, in accordance with the NQDC Plan, subject to Ms. O'Connell's continued employment through such date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one ordinary share, no par value, of the Company ("Ordinary Share"), which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.

The transactions reported in this Form 4 do not include transactions made and reported separately by Christopher Bogart, the reporting person's spouse, who is also an executive officer of the Company.