GBLI CFO granted new Book Value Rights awards

Riley Brian Joseph reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Riley Brian Joseph reported acquisition or exercise transactions in this Form 4 filing.

Global Indemnity Group, LLC reported that Chief Financial Officer Brian Joseph Riley received grants of Book Value Rights, or BVRs, as compensation for services as an officer. These derivative awards give a contingent right to cash or an equivalent value in Class A common shares, indexed to Belmont Holdings GX, Inc.’s equity.

One time-vested BVR award vests in three tranches of 33%, 33%, and 34% on specified March 2026–2028 dates, and another award follows the same 33%, 33%, 34% pattern on March 2027–2029 dates, subject to the terms of the Notice of Book Value Rights Grant.

Insider Trade Summary

Grant/Award: 19,029.5 shares

Grant/Award 2 txns

Insider Riley Brian Joseph

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Book Value Rights	7,645	$0.00	$0.00
Grant/Award	Book Value Rights	11,384.5	$0.00	$0.00

Holdings After Transaction: Book Value Rights — 19,029.5 contracts (Direct)

Footnotes (3)

1. F1. Book Value Rights ("BVRs") represent a contingent right to receive an amount of cash pursuant to the terms of the Notice of Book Value Rights Grant or Class A Common Shares of equal value as determined by the Issuer's board of directors. BVRs are awards indexed to Belmont Holdings GX, Inc.'s equity that may be settled in cash or Class A Common Shares.
2. F2. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 6, 2026, (ii) 33% on March 6, 2027, and (iii) 34% on March 6, 2028, in each case subject to the terms of the Notice of Book Value Rights Grant.
3. F3. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 5, 2027, (ii) 33% on March 5, 2028, and (iii) 34% on March 5, 2029, in each case subject to the terms of the Notice of Book Value Rights Grant.

Key Figures

Book Value Rights grant: 7,645 BVRs Underlying shares for 7,645 BVRs: 7,645 Class A Common Shares Prior Book Value Rights grant: 11,384.5 BVRs +3 more

6 metrics

Book Value Rights grant 7,645 BVRs Derivative award linked to Class A Common Shares

Underlying shares for 7,645 BVRs 7,645 Class A Common Shares Underlying security tied to latest BVR grant

Prior Book Value Rights grant 11,384.5 BVRs Earlier derivative award linked to Class A Common Shares

Underlying shares for 11,384.5 BVRs 11,384.5 Class A Common Shares Underlying security for prior BVR grant

Vesting schedule 1 33%, 33%, 34% Vests on March 6, 2026, 2027, and 2028

Vesting schedule 2 33%, 33%, 34% Vests on March 5, 2027, 2028, and 2029

Key Terms

Book Value Rights, time-vested, contingent right, Class A Common Shares, +1 more

5 terms

Book Value Rights financial

"Book Value Rights ("BVRs") represent a contingent right to receive an amount of cash"

time-vested financial

"Represents a grant of time-vested BVRs award in recognition of services rendered"

Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.

contingent right financial

"BVRs represent a contingent right to receive an amount of cash"

Class A Common Shares financial

"or Class A Common Shares of equal value as determined by the Issuer's board"

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

indexed to Belmont Holdings GX, Inc.'s equity financial

"BVRs are awards indexed to Belmont Holdings GX, Inc.'s equity that may be settled"

FAQ

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

What transactions did GBLI CFO Brian Riley report in this Form 4?

Brian Riley reported two acquisitions of Book Value Rights awards as compensation. These derivative awards provide a contingent right to receive cash or an equal value in Class A common shares, rather than reflecting any open-market buying or selling of GBLI stock.

What are Book Value Rights (BVRs) for Global Indemnity Group (GBLI)?

Book Value Rights are awards indexed to Belmont Holdings GX, Inc.’s equity. Each BVR represents a contingent right to receive cash under a grant notice or Class A common shares of equal value, as determined by the issuer’s board of directors under the program’s terms.

How do the Book Value Rights granted to GBLI’s CFO vest over time?

The BVR awards are time-vested in three tranches. One grant vests 33%, 33%, and 34% on March 6, 2026, 2027, and 2028, while another vests 33%, 33%, and 34% on March 5, 2027, 2028, and 2029, subject to the grant notice’s conditions.

Can the GBLI CFO’s Book Value Rights be settled in cash or shares?

Yes. Each Book Value Right may be settled either in cash or in Class A common shares of equal value. The determination is made under the Notice of Book Value Rights Grant and by the issuer’s board of directors, according to the plan’s terms and conditions.

Do these GBLI Form 4 transactions indicate open-market trading by the CFO?

No. The reported transactions are grant or award acquisitions of Book Value Rights as officer compensation. They do not involve open-market purchases or sales of GBLI shares, but instead reflect equity-indexed incentive awards that may later settle in cash or Class A common shares.

What underlying security is associated with the GBLI Book Value Rights awards?

Each Book Value Right is indexed to Belmont Holdings GX, Inc.’s equity and is linked to GBLI’s Class A common shares. Upon settlement, the holder may receive cash or an amount of Class A common shares equal in value, as determined under the governing grant documents.

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

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Accepted by SEC EDGAR 04/22/2026 - 04:11 PM EDT 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^*

Riley Brian Joseph

(Last) (First) (Middle)

112 S. FRENCH STREET, SUITE 105

(Street)

WILMINGTON DELAWARE 19801

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Global Indemnity Group, LLC [ GBLI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2025

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

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
Book Value Rights	(1)	03/06/2025		A		11,384.5		(2)	(2)	Class A Common Shares	11,384.5	$0	11,384.5	D
Book Value Rights	(1)	03/05/2026		A		7,645		(3)	(3)	Class A Common Shares	7,645	$0	7,645	D

Explanation of Responses:

1. Book Value Rights ("BVRs") represent a contingent right to receive an amount of cash pursuant to the terms of the Notice of Book Value Rights Grant or Class A Common Shares of equal value as determined by the Issuer's board of directors. BVRs are awards indexed to Belmont Holdings GX, Inc.'s equity that may be settled in cash or Class A Common Shares.

2. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 6, 2026, (ii) 33% on March 6, 2027, and (iii) 34% on March 6, 2028, in each case subject to the terms of the Notice of Book Value Rights Grant.

3. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 5, 2027, (ii) 33% on March 5, 2028, and (iii) 34% on March 5, 2029, in each case subject to the terms of the Notice of Book Value Rights Grant.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Joanne Cheeseman, Attorney-in-fact	04/22/2026
	** 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)