[Form 4] Burford Capital Limited Insider Trading Activity

Rhea-AI Filing Summary

Burford Capital Ltd. (BUR) – Form 4 insider transaction

President Aviva O. Will reported the sale of 17,500 Ordinary Shares on 9 July 2025 at a weighted-average price of $14.595 per share. The disposition was executed under a pre-arranged Rule 10b5-1 trading plan adopted on 20 August 2024. Following the sale, Will’s direct beneficial ownership stands at 293,479 shares.

• Transaction code: S (open-market sale).
• Price range: $14.50 – $14.69.
• Percentage of prior holdings sold: ≈5.6%.

No derivative transactions were reported, and no other officers or directors were included in this filing.

Positive

• None.

Negative

• Insider sale: President Aviva O. Will sold 17,500 shares (~5.6% of her stake), which some investors may view as a mildly negative sentiment indicator.

Insights

Securities Analyst

TL;DR: Routine 5.6% insider sale under 10b5-1; limited signalling value.

The filing shows President Aviva O. Will trimmed roughly 17.5 k shares, reducing her stake to 293.5 k. Because the trade was executed under a Rule 10b5-1 plan adopted nearly a year earlier, the sale appears pre-scheduled and therefore carries minimal informational content regarding management’s current outlook. The volume represents about one week of average trading volume for BUR’s U.S. listing and only a small fraction of her holdings, limiting market impact. While insider sales can raise concerns, the modest size and advance plan suggest a neutral signal for investors.

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).

X

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^*

Will Aviva O.

(Last) (First) (Middle)

C/O BURFORD CAPITAL LIMITED

OAK HOUSE, HIRZEL STREET

(Street)

ST. PETER PORT Y7 GY1 2NP

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Burford Capital Ltd [ BUR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

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
Ordinary shares, no par value ("Ordinary Shares")(1)	07/09/2025		S		17,500	D	$14.595(2)	293,479	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. These Ordinary Shares were sold pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the US Securities Exchange Act of 1934, as amended, that was adopted by the reporting person on August 20, 2024.

2. Represents weighted average price. These Ordinary Shares were sold in multiple transactions at prices ranging from $14.5000 to $14.6900, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the US Securities and Exchange Commission, upon request, full information regarding the number of Ordinary Shares sold at each price within the range set forth above.

Remarks:

	/s/ Mark N. Klein, as attorney-in-fact	07/11/2025
	** 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.

FAQ

How many Burford Capital (BUR) shares did Aviva O. Will sell?

She sold 17,500 Ordinary Shares.

What price did the BUR shares sell for on 9 July 2025?

The weighted-average price was $14.595, within a $14.50–$14.69 range.

How many shares does the insider still own after the sale?

Aviva O. Will now directly owns 293,479 BUR shares.

Was the transaction executed under a Rule 10b5-1 plan?

Yes. The sale followed a Rule 10b5-1(c) plan adopted on 20 August 2024.

What percentage of the insider's previous holdings was sold?

Approximately 5.6% of her prior stake.