[Form 4] Burford Capital Ltd Insider Trading Activity

Rhea-AI Filing Summary

Christopher P. Bogart, Chief Executive Officer and director of Burford Capital Ltd (BUR), reported a non‑derivative acquisition on 09/30/2025. The Form 4 shows a gift transaction coded G(1) adding 96,138 ordinary shares to his beneficial holdings at a price of $0. Following the reported transaction, the form discloses beneficial ownership of 375,000 shares held by a trust (the Christopher P. Bogart Revocable Trust), plus indirect holdings of 7,647,727 shares held by an LLC and 888,563 shares held by a separate LLC, as reported on the form. The filing notes the transferred shares were a gift from the Elizabeth O'Connell Revocable Trust, of which the reporting person’s spouse serves as sole trustee and beneficiary. The form is signed by an attorney‑in‑fact on 10/02/2025.

Positive

• 96,138 ordinary shares were added to the reporting person’s beneficial ownership (transaction recorded)
• Form discloses substantial ongoing indirect holdings of 7,647,727 and 888,563 shares
• Reporting identifies trustee relationships for trusts holding shares, improving transparency

Negative

• 96,138 shares were received as a gift (transaction code G(1)) which may change beneficial ownership dynamics
• Majority of reported holdings are indirect, which can complicate direct control assessment

Insights

Insider Transactions Analyst

TL;DR: CEO reported a 96,138-share gift and retains substantial indirect holdings.

The Form 4 records a gift transaction on 09/30/2025 of 96,138 ordinary shares (transaction code G(1)) with an effective price of $0, adding those shares to the reporting person's beneficial ownership.

The filing explicitly shows continued material indirect holdings of 7,647,727 and 888,563 shares via two LLCs and 375,000 shares in the reporting person's revocable trust. These figures are factual and measurable disclosures that investors can use to track insider ownership concentration.

Corporate Governance Expert

TL;DR: The transfer was a gift from a related trust; disclosure notes trustee relationships.

The explanatory remarks state the 96,138 shares were gifted by the Elizabeth O'Connell Revocable Trust, where the reporting person’s spouse is sole trustee and beneficiary. The reporting person is sole trustee and beneficiary of the Christopher P. Bogart Revocable Trust that holds 375,000 shares.

These facts clarify the familial and trust relationships underpinning the transfers and the form’s classification of ownership as indirect in several holdings; they are presented as reported and contain no further commentary in the filing.

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).

1. Name and Address of Reporting Person^*

BOGART CHRISTOPHER P

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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")	09/30/2025		G(1)		96,138	A	$0	375,000	I	By Trust(2)
Ordinary Shares								7,647,727	I	By LLC
Ordinary Shares								888,563	I	By LLC

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 reported transaction represents a gift of 96,138 Ordinary Shares by Elizabeth O'Connell Revocable Trust, of which the reporting person's spouse serves as a sole trustee and is a beneficiary.

2. Represents Ordinary Shares held by Christopher P. Bogart Revocable Trust, of which the reporting person serves as a sole trustee and is a beneficiary.

Remarks:

	/s/ Mark N. Klein, as attorney-in-fact	10/02/2025
	** 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

What transaction did Burford Capital CEO Christopher P. Bogart report on Form 4 (BUR)?

The Form 4 reports a gift transaction on 09/30/2025 of 96,138 ordinary shares (transaction code G(1)) added to his beneficial ownership at a price of $0.

How many shares does Christopher P. Bogart beneficially own after the reported transaction?

The filing shows 375,000 shares in his revocable trust, plus indirect holdings of 7,647,727 and 888,563 shares, in addition to the 96,138 shares from the gift.

Who gifted the 96,138 shares reported on the Form 4?

The explanatory remarks state the shares were a gift from the Elizabeth O'Connell Revocable Trust, of which the reporting person’s spouse serves as sole trustee and beneficiary.

What ownership forms are disclosed in the filing?

The filing lists ownership as Indirect (I) for the trust and both LLC holdings, and identifies the 375,000 shares as held by trust.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney‑in‑fact on 10/02/2025.