Encore Capital Group (ECPG) president sells 7,500 shares in plan

Rhea-AI Filing Summary

Encore Capital Group executive Ryan B. Bell, President of MCM, reported open-market sales of a total of 7,500 shares of Encore Capital Group common stock. The sales occurred on March 2 and March 3, 2026 at prices ranging from $66.55 to $70.20 per share, with reported weighted average prices for each trade.

The transactions were made under a Rule 10b5-1 trading plan that Bell adopted on November 26, 2025, and that plan is now completed. After these sales, Bell directly holds 47,910 shares of Encore Capital Group common stock.

Insider Trade Summary

Net Seller: 7,500 shares ($517,685)

Net Sell 5 txns

Insider Bell Ryan B

Role President, MCM

Sold 7,500 shs ($518K)

Type	Security	Shares	Price	Value
Sale	Common Stock	260	$68.62	$18K
Sale	Common Stock	1,466	$70.07	$103K
Sale	Common Stock	3,603	$69.44	$250K
Sale	Common Stock	1,500	$68.12	$102K
Sale	Common Stock	671	$66.69	$45K

Holdings After Transaction: Common Stock — 47,910 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025. This Rule 10b5-1 trading plan has now been completed. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.20 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.99 to $ 69.92 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.82 to $68.38 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.55 to $67.23 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Form 4 Insider Transactions: What Each Field Means →

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^*

Bell Ryan B

(Last) (First) (Middle)

350 CAMINO DE LA REINA

SUITE 100

(Street)

SAN DIEGO CA 92108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENCORE CAPITAL GROUP INC [ ECPG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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 Stock	03/02/2026		S(1)		1,466	D	$70.07(2)	53,944	D
Common Stock	03/02/2026		S(1)		3,603	D	$69.44(3)	50,341	D
Common Stock	03/02/2026		S(1)		1,500	D	$68.12(4)	48,841	D
Common Stock	03/02/2026		S(1)		671	D	$66.69(5)	48,170	D
Common Stock	03/03/2026		S(1)		260	D	$68.62	47,910	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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025. This Rule 10b5-1 trading plan has now been completed.

2. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.20 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.99 to $ 69.92 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.82 to $68.38 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. This price represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.55 to $67.23 inclusive. The reporting person undertakes to provide Encore, any security holder of Encore, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Michael Chin, Attorney-in-Fact for Ryan Bell	03/04/2026
	** 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.

FAQ

What insider transactions did ECPG executive Ryan B. Bell report?

Ryan B. Bell reported selling a total of 7,500 shares of Encore Capital Group common stock. The sales were open-market transactions executed on March 2 and March 3, 2026, across several trades at different prices.

At what prices did Ryan B. Bell sell ECPG common stock?

The reported Encore Capital Group share sales occurred at weighted average prices between about $66.55 and $70.20 per share. Each line item reflects a weighted average across multiple trades within the stated price range.

How many Encore Capital (ECPG) shares does Ryan B. Bell still own?

After the reported transactions, Ryan B. Bell directly owns 47,910 shares of Encore Capital Group common stock. This figure reflects his direct holdings following the final sale dated March 3, 2026, as disclosed in the Form 4.

Were the ECPG insider sales by Ryan B. Bell under a trading plan?

Yes. The filing states that the sales were effected under a Rule 10b5-1 trading plan adopted by Ryan B. Bell on November 26, 2025. The filing also notes that this specific trading plan has now been completed.

How many separate sell transactions did the ECPG Form 4 disclose?

The Form 4 discloses five separate open-market sale transactions in Encore Capital Group common stock. These include one sale on March 3, 2026, and four sales on March 2, 2026, all coded as open-market or private sale transactions.

What type of security did Ryan B. Bell sell in the ECPG filing?

All reported transactions involve Encore Capital Group common stock as non-derivative securities. Each sale entry clearly identifies the security as common stock and provides the number of shares sold and the weighted average sale price per share.