[Form 4] Global Indemnity Group, LLC Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights for Lionsgate Studios Corp. (LION): Vice-Chair Michael R. Burns reported four equity transactions dated 07/01/2025. Two awards added a total of 115,685 common shares (36,575 RSUs from the annual grant and 79,110 performance RSUs) at a deemed price of $0. To satisfy withholding taxes, 68,185 shares were automatically forfeited at average prices near $5.8 (Codes F).

After the transactions, Burns’ direct beneficial ownership stands at 3,080,786 common shares. The filing also discloses sizable unvested RSU positions—at least 385,365 units scheduled to vest between 2025-2028—enhancing future ownership alignment. No open-market purchases or derivative activity were reported.

Positive

• Net share increase: Burns’ direct holdings rose by approximately 47.5 k shares, signaling continued equity alignment with shareholders.
• Large existing stake: Post-transaction ownership of 3.08 M shares reflects significant insider exposure and long-term incentive.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine equity grants; net share increase modest, impact neutral.

The filing documents standard compensation-related grants and automatic tax-withholding disposals for Vice-Chair Michael Burns. Net of forfeitures, his stake rises by roughly 47.5 k shares to 3.08 M, reinforcing inside ownership but not signaling active buying conviction. Given the absence of open-market purchases, sales for liquidity, or derivative exercises, the disclosure is routine and carries limited immediate market impact.

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
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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^*

McGeehan Thomas

(Last) (First) (Middle)

112 S. FRENCH STREET, SUITE 105

(Street)

WILMINGTON DE 19801

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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
Class A Common Shares	06/30/2025		A		3,489(1)	A	$29.73	70,429	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. Represents a grant of vested Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the Issuer.

	/s/Brian J. Riley, Attorney-in-fact	07/02/2025
	** 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

How many Lionsgate Studios (LION) shares does Michael Burns now own?

After the reported transactions, he directly owns 3,080,786 common shares.

What types of transactions were reported on the Form 4?

Two grants (Code A) of RSUs totaling 115,685 shares and two withholding disposals (Code F) totaling 68,185 shares.

Did the insider buy shares on the open market?

No. All acquisitions were equity awards; no open-market purchases were disclosed.

What prices were used for the shares disposed to cover taxes?

Shares were withheld at $5.81 (37,741 shares) and $5.76 (30,444 shares).

Are there unvested RSUs remaining?

Yes. The filing lists at least 385,365 unvested RSUs scheduled to vest between 2025 and 2028.