Travis Lenkner - 05 Mar 2026 Form 4 Insider Report for Burford Capital Ltd (BUR)

Role: Chief Development Officer
Signature: /s/ Mark N. Klein, as attorney-in-fact
Issuer symbol: BUR
Transactions as of: 05 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2026, 16:40:06 UTC
Previous filing: 16 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lenkner Travis	Chief Development Officer	C/O BURFORD CAPITAL LIMITED, OAK HOUSE, HIRZEL STREET, ST. PETER PORT, GUERNSEY	/s/ Mark N. Klein, as attorney-in-fact	09 Mar 2026	0002043373

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	RSUs	Award		+152,047	+704%	$8.55^*	173,659	05 Mar 2026	Ordinary Shares	152,047		Direct	F1
transaction	BUR	Phantom RSUs	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities		+81,688	+47%	$8.27^*	255,346	05 Mar 2026	Ordinary Shares	81,688		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted share units ("RSUs") granted on March 5, 2026 by the compensation committee of the board of directors of Burford Capital Limited (the "Company") under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan. The RSUs vest in five equal installments with (i) the first installment vesting on March 22, 2027, (ii) the second installment vesting on March 15, 2028, (iii) the third installment vesting on March 15, 2029, (iv) the fourth installment vesting on March 15, 2030 and (v) the fifth installment vesting on March 15, 2031, in each case, subject to Mr. Lenkner's continued employment through such dates. Each RSU represents a contingent right to receive one ordinary share, no par value, of the Company ("Ordinary Share").
F2	Represents a purchase of 61,265.5 phantom RSUs ("Phantom RSUs") by Mr. Lenkner under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and a matching contribution by the Company of 20,422.0 Phantom RSUs, which vest on March 2, 2028, in accordance with the NQDC Plan, subject to Mr. Lenkner's continued employment through such date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.

Content

Represents restricted share units ("RSUs") granted on March 5, 2026 by the compensation committee of the board of directors of Burford Capital Limited (the "Company") under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan. The RSUs vest in five equal installments with (i) the first installment vesting on March 22, 2027, (ii) the second installment vesting on March 15, 2028, (iii) the third installment vesting on March 15, 2029, (iv) the fourth installment vesting on March 15, 2030 and (v) the fifth installment vesting on March 15, 2031, in each case, subject to Mr. Lenkner's continued employment through such dates. Each RSU represents a contingent right to receive one ordinary share, no par value, of the Company ("Ordinary Share").

Represents a purchase of 61,265.5 phantom RSUs ("Phantom RSUs") by Mr. Lenkner under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and a matching contribution by the Company of 20,422.0 Phantom RSUs, which vest on March 2, 2028, in accordance with the NQDC Plan, subject to Mr. Lenkner's continued employment through such date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.