AGO risk chief reports tax share withholding

ASSURED GUARANTY LTD Chief Risk Officer Jorge A. Gana reported a small tax-related share disposition.

Rhea-AI Filing Summary

ASSURED GUARANTY LTD Chief Risk Officer Jorge A. Gana reported a small tax-related share disposition. On February 23, 2026, 318 common shares of Assured Guaranty were withheld at $85.11 per share to cover a tax liability, rather than being sold on the open market. Following this withholding, Gana directly held 29,545 common shares of the company.

Insider Trade Summary

Exercise Price or Tax Liability: 318 shares

Exercise Price or Tax Liability 1 txn

Insider Gana Jorge A.

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	318	$85.11	$27K

Holdings After Transaction: Common Shares — 29,545 shares (Direct)

Footnotes (1)

1. F1. Common Shares being withheld to pay tax liability.

FAQ

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

What insider transaction did AGO’s Jorge A. Gana report on this Form 4?

The filing shows 318 AGO common shares were withheld from Chief Risk Officer Jorge A. Gana to cover a tax liability. The shares were not sold on the open market but used to satisfy withholding obligations.

Was the AGO insider transaction by Jorge A. Gana a market sale?

No, the 318 AGO shares were a tax-withholding disposition, not an open-market sale. The shares were retained by the company to pay Gana’s tax liability related to equity compensation, according to the footnote.

At what price were AGO shares withheld for Jorge A. Gana’s tax payment?

The 318 AGO common shares were withheld at a price of $85.11 per share. This price is used solely to value the tax-withholding transaction reported, not to indicate a separate market trade.

How many AGO shares does Jorge A. Gana own after this Form 4 transaction?

After the tax-withholding disposition of 318 shares, Jorge A. Gana directly holds 29,545 AGO common shares. This figure reflects his direct ownership following the reported transaction.

What is the transaction code and meaning on AGO’s Form 4 for Jorge A. Gana?

The transaction is coded “F,” meaning shares were used to pay a tax liability. It represents a tax-withholding disposition, where equity compensation shares are withheld rather than being sold in the market.

What role does Jorge A. Gana hold at Assured Guaranty (AGO)?

Jorge A. Gana serves as Chief Risk Officer at Assured Guaranty. The Form 4 reflects his personal equity-based compensation activity, specifically a tax-withholding disposition of 318 common shares.

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

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Accepted by SEC EDGAR 02/25/2026 - 06:52 PM Learn about SEC filing dates

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^*

Gana Jorge A.

(Last) (First) (Middle)

30 WOODBOURNE AVENUE

5TH FLOOR

(Street)

HAMILTON D0 HM 08

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		F		318(1)	D	$85.11	29,545	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. Common Shares being withheld to pay tax liability.

Remarks:

	/s/ Ling Chow, Attorney-in-fact	02/25/2026
	** 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.
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