Assured Guaranty director sells 123,750 shares

Assured Guaranty Ltd. director Francisco L. Borges reported an open-market sale and a gift of common shares.

Accepted by SEC EDGAR 03/31/2026 - 04:45 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Assured Guaranty Ltd. director Francisco L. Borges reported an open-market sale and a gift of common shares. He sold 123,750 common shares at a weighted average price of $80.22 per share, with individual trades ranging from $80.00 to $80.65 per share. After this sale, his direct holdings were 176,952 common shares. He then made a bona fide gift of 1,250 common shares, leaving him with 175,702 common shares held directly.

Insider Trade Summary

Net Seller: 123,750 shares

Net Sell 2 txns

Insider BORGES FRANCISCO L

Role Director

Sold 123,750 shs ($9.93M)

Share of Position Sold 41.2%

Type	Security	Shares	Price	Value
Sale	Common Shares	123,750	$80.22	$9.93M
Gift	Common Shares	1,250	$0.00	$0.00

Holdings After Transaction: Common Shares — 175,702 shares (Direct)

Holdings Before and After: Common Shares, 300,702 to 175,702 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $80.00 and $80.65 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.

Key Figures

Shares sold: 123,750 shares Weighted average sale price: $80.22 per share Sale price range: $80.00–$80.65 per share +3 more

6 metrics

Shares sold 123,750 shares Open-market sale of common shares

Weighted average sale price $80.22 per share Open-market sale on March 30, 2026

Sale price range $80.00–$80.65 per share Price range for reported sale transactions

Shares gifted 1,250 shares Bona fide gift of common shares

Holdings after sale 176,952 shares Direct holdings immediately after open-market sale

Final holdings 175,702 shares Direct holdings after sale and subsequent gift

Key Terms

open-market sale, bona fide gift, weighted average sale price, Common Shares, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

weighted average sale price financial

"The sale price reported above represents the weighted average sale price"

Common Shares financial

"security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

net-sell financial

"netBuySellDirection": "net-sell""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AGO director Francisco L. Borges report?

Francisco L. Borges reported an open-market sale and a gift of Assured Guaranty (AGO) common shares. He sold 123,750 shares at a weighted average of $80.22 and then gifted 1,250 shares, leaving 175,702 shares held directly afterward.

How many Assured Guaranty (AGO) shares did the director sell and at what price?

He sold 123,750 Assured Guaranty common shares in an open-market sale. The weighted average sale price was $80.22 per share, with individual sale prices ranging from $80.00 to $80.65 according to the filing footnote.

How many AGO shares does Francisco L. Borges hold after these transactions?

After completing the reported transactions, Francisco L. Borges directly holds 175,702 Assured Guaranty common shares. His holdings decreased from 300,702 shares before the sale and gift to this new level, based on the post-transaction share figures disclosed.

Did the AGO director’s Form 4 include any gifts of shares?

Yes. In addition to selling shares, Francisco L. Borges reported a bona fide gift of 1,250 Assured Guaranty common shares. This gift followed the sale and reduced his direct holdings from 176,952 shares to 175,702 shares.

Were the AGO director’s share sales made at a single price or a range of prices?

The reported Assured Guaranty share sales occurred within a price range of $80.00 to $80.65 per share. The Form 4 discloses a weighted average sale price of $80.22, and notes that detailed trade prices are available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BORGES FRANCISCO L

(Last) (First) (Middle)

30 WOODBOURNE AVENUE 5TH FLOOR

(Street)

HAMILTON HM 08

(City) (State) (Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ASSURED GUARANTY LTD [ AGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/30/2026		S		123,750	D	$80.22(1)	176,952	D
Common Shares	03/30/2026		G		1,250	D	$0	175,702	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $80.00 and $80.65 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.

Remarks:

	/s/ Ling Chow, Attorney-in-fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)