Steven H. Nigro - 27 May 2025 Form 4 Insider Report for Maiden Holdings, Ltd. (MHLD)

Reporting relationship: Director, Other*
Issuer ticker: MHLD
Reported as of: 27 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 May 2025, 08:31:44 UTC
Prior SEC filing: 04 Jun 2024
Next SEC filing: 09 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Steven H. Nigro

Key filing fact

Steven H. Nigro filed Form 4 for Maiden Holdings, Ltd. (MHLD) on 28 May 2025.

Key facts

This page summarizes Steven H. Nigro's Form 4 filing for Maiden Holdings, Ltd. (MHLD).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 28 May 2025, 08:31.

Change

Previous filing in this sequence was filed on 04 Jun 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001434374 Primary reporting owner

NIGRO STEVEN HAROLD

Relationship: Director, Other*
Address: C/O MAIDEN HOLDINGS, LTD., 11 BERMUDIANA ROAD, MAILBOXES SUITE 1141, PEMBROKE, BERMUDA
Signature: /s/ Steven H. Nigro
Signature date: 27 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MHLD transaction

Common Shares

Disposed to Issuer

Transaction value
Shares: -244,807
Change %: -100%
Price
Shares after: 0
Date: 27 May 2025
Ownership: Direct
Footnotes: F1, F2

MHLD transaction

Restricted Common Shares

Disposed to Issuer

Transaction value
Shares: -35,211
Change %: -100%
Price
Shares after: 0
Date: 27 May 2025
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MHLD transaction Derivative

Options (right to buy)

Disposed to Issuer

Transaction value
Shares: -6,000
Change %: -100%
Price
Shares after: 0
Date: 27 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 6,000
Exercise price: $13.12
Footnotes: F4

MHLD transaction Derivative

Options (right to buy)

Disposed to Issuer

Transaction value
Shares: -6,000
Change %: -100%
Price
Shares after: 0
Date: 27 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 6,000
Exercise price: $13.98
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

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

Footnote 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.

Footnote F3

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

Footnote F4

Pursuant to the Combination Agreement, each option to purchase Maiden common shares (each a 'Maiden option') that is outstanding immediately prior to the closing of the Transaction, whether or not then vested or exercisable, will cease to represent a right to acquire Maiden shares and will be converted automatically into an option to purchase a number of Bermuda NewCo common shares equal to one-twentieth (0.05) of the Maiden common shares subject to the Maiden option (rounded down to the nearest whole share), with an exercise price determined by dividing the exercise price of such Maiden option by 0.05 (rounded up to the nearest whole cent).