Petrillo Louis T. - 08 May 2023 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role: OFFICER OF SUBSIDIARY
Signature: /s/ Louis Petrillo
Issuer symbol: ACGL
Transactions as of: 08 May 2023
Net transactions value: -$1,860,238
Form type: 4
Filing time: 10 May 2023, 17:44:49 UTC
Previous filing: 14 Mar 2023
Next filing: 14 Jun 2023
SEC: View on sec.gov

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	$443,842	+23,250	+21%	$19.09	135,383	08 May 2023	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	$1,121,009	-14,723	-11%	$76.14	120,660	08 May 2023	Direct	F1
transaction	ACGL	Common Shares, $.0011 par value per share	Sale	$1,183,071	-15,406	-13%	$76.79	105,254	10 May 2023	Direct	F2
holding	ACGL	Common Shares, $.0011 par value per share						40	08 May 2023	By Household

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	-23,250	-100%	$0.000000^*	0	08 May 2023	Common Shares, $.0011 par value per share	23,250	$19.09	Direct	F3

* 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, 14,723 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 8,527 common shares.
F2	Represents a weighted average sale price; the sales prices range from $76.66 to $76.90. Upon request, the full information regarding the number of shares sold at each separate price within the range will be provided to the issuer, any security holder of the issuer or the staff of the Securities Exchange Commission
F3	The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on May 13, 2015 and the next two installments on May 13, 2016 and May 13, 2017 subject to the applicable award agreement.