Barry D. Zyskind - 27 May 2025 Form 4 Insider Report for Maiden Holdings, Ltd. (MHLD)

Role: Director
Signature: /s/ Barry Zyskind
Issuer symbol: MHLD
Transactions as of: 27 May 2025
Net transactions value: $0
Form type: 4
Filing time: 28 May 2025, 08:31:10 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zyskind Barry D	Director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK	/s/ Barry Zyskind	27 May 2025	0001380832

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MHLD	Common Shares	Disposed to Issuer		-6,374,292	-100%		0	27 May 2025	Direct	F1, F2

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The total reported includes all Maiden common shares held by the Reporting Person.
F2	On May 27, 2025, Kestrel Group LLC, the equityholders of Kestrel Group LLC, Maiden Holdings, Ltd. ('Maiden'), Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Bermuda Topco Ltd ('Bermuda NewCo') and Ranger Merger Sub 2 LLC consummated a transaction under a combination agreement, pursuant to which each common share of Maiden was automatically canceled and converted into the right to receive one-twentieth (0.05) of a Bermuda NewCo common share. In addition, each restricted share of Maiden that was outstanding immediately prior to the closing, whether or not then vested, was converted automatically into one-twentieth (0.05) of a Bermuda NewCo restricted share.

Content

The total reported includes all Maiden common shares held by the Reporting Person.

On May 27, 2025, Kestrel Group LLC, the equityholders of Kestrel Group LLC, Maiden Holdings, Ltd. ('Maiden'), Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Bermuda Topco Ltd ('Bermuda NewCo') and Ranger Merger Sub 2 LLC consummated a transaction under a combination agreement, pursuant to which each common share of Maiden was automatically canceled and converted into the right to receive one-twentieth (0.05) of a Bermuda NewCo common share. In addition, each restricted share of Maiden that was outstanding immediately prior to the closing, whether or not then vested, was converted automatically into one-twentieth (0.05) of a Bermuda NewCo restricted share.

Remarks:

Mr. Zyskind is the non-executive Chairman of the Board of Directors of the Issuer.