Daniel Heinlein - Apr 16, 2024 Form 4 Insider Report for James River Group Holdings, Ltd. (JRVR)

Role
Pres & CEO-Casualty Rein Sgmt
Signature
/s/ Daniel Heinlein
Stock symbol
JRVR
Transactions as of
Apr 16, 2024
Transactions value $
-$269,815
Form type
4
Date filed
4/18/2024, 04:49 PM
Previous filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JRVR Common Shares Disposed to Issuer -$270K -30.6K -50.73% $8.81 29.7K Apr 16, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Daniel Heinlein is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Consists of restricted share units ("RSUs").
F2 On April 16, 2024, the sale of JRG Reinsurance Company Ltd., a subsidiary of James River Group Holdings, Ltd. (the "Issuer") pursuant to that certain Stock Purchase Agreement, dated November 8, 2023, by and among the Issuer and Fleming Intermediate Holdings LLC, was completed. As approved by the Issuer's Board of Directors, at the recommendation of members of the Compensation and Human Capital Committee, unvested service-based RSUs held by the Reporting Person outstanding at the time of the completion of the transaction were accelerated, with the RSU awards settled in an amount of cash equal to the number of unvested service-based RSUs multiplied by $8.81 (representing the closing share price of the Issuer's common stock on the Nasdaq Stock Market on April 16, 2024), subject to any applicable withholding taxes.