Lawrence F. Metz - 27 May 2025 Form 4 Insider Report for Ranger Bermuda Topco Ltd (KG)

Reporting relationship: Chief Legal Officer and Secretary
Issuer ticker: KG
Reported as of: 27 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 29 May 2025, 21:59:10 UTC
Prior SEC filing: 18 Mar 2025
Next SEC filing: 17 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Lawrence F. Metz

Key filing fact

Lawrence F. Metz filed Form 4 for Ranger Bermuda Topco Ltd (KG) on 29 May 2025.

Key facts

This page summarizes Lawrence F. Metz's Form 4 filing for Ranger Bermuda Topco Ltd (KG).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 29 May 2025, 21:59.

Change

Previous filing in this sequence was filed on 18 Mar 2025.
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 0001496992 Primary reporting owner

METZ LAWRENCE F.

Relationship: Chief Legal Officer and Secretary
Address: 48 PAR-LA-VILLE ROAD, SUITE 1141, HAMILTON, BERMUDA
Signature: /s/ Lawrence F. Metz
Signature date: 29 May 2025

Reported non-derivative transactions

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

KG transaction

Common Shares

Award

Transaction value
Shares: +91,177
Change %
Price
Shares after: 91,177
Date: 27 May 2025
Ownership: Direct
Footnotes: F1

KG transaction

Common Shares

Award

Transaction value
Shares: +11,420
Change %: +13%
Price
Shares after: 102,597
Date: 27 May 2025
Ownership: Direct
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On May 27, 2025, pursuant to that certain Combination Agreement (as amended, the "Combination Agreement"), dated as of December 29, 2024, by and between Kestrel Group, LLC ("Kestrel"), all of the equityholders of Kestrel, Maiden Holdings, Ltd. ("Maiden"), Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Merger Sub 2 LLC and Kestrel Group Ltd (f/k/a Ranger Bermuda Topco Ltd) (the "Issuer"), Maiden became a wholly-owned subsidiary of the Issuer (the "Merger"). In connection with the Merger, each issued and outstanding Maiden share, subject to certain exceptions, were automatically canceled and converted into the right to receive one-twentieth (0.05) of a common share of the Issuer.

Footnote F2

In connection with the Merger, each Maiden restricted share that was issued and outstanding immediately prior to the closing of the Merger was automatically converted into one-twentieth (0.05) of a common share of the Issuer that is unvested and/or subject to a risk of forfeiture, on substantially the same terms and conditions (including vesting schedule) as applied to such Maiden restricted share immediately prior to the closing of the Merger.

SEC remarks

Chief Legal Officer and Secretary