Form 4 shows Fox reports 1.86M indirect GBLI shares; direct buy of 13,101

Rhea-AI Filing Summary

Insider purchase reported: Saul A. Fox, a director and reported 10% owner of Global Indemnity Group (GBLI), purchased 13,101 Class A Common Shares on 08/08/2025 at a weighted average price of $28.88, according to this Form 4.

Holdings and ownership structure: After the transaction the filing shows 1,857,654 Class A Common Shares beneficially owned indirectly. The report discloses additional indirect holdings of 293,715 Class A Common Shares and 550,000 Class A-2 Common Shares held through entities including Mercury Assets Delaware LLC, Fox Paine Global, Inc., and Fox Mercury Investments, L.P., with disclaimers that Mr. Fox disclaims beneficial ownership except to the extent of his indirect pecuniary interest.

Positive

• Reported direct purchase of 13,101 Class A Common Shares at a weighted average price of $28.88, indicating insider buying activity.
• Detailed disclosure of indirect holdings through Mercury Assets Delaware LLC, Fox Paine Global, Inc., and Fox Mercury Investments, L.P., improving transparency.
• No derivative transactions were reported, limiting complexity to equity holdings.

Negative

• Beneficial ownership is largely indirect and accompanied by disclaimers, making actual control or economic exposure less direct.
• Filing lacks contextual metrics such as percentage of outstanding shares or market capitalization impact, so materiality is unclear.
• Complex ownership structure across trusts and entities may complicate investor assessment of influence and voting power.

Insights

Financial Analyst

TL;DR: A director reported a small direct purchase and large indirect holdings; transaction size is disclosed but materiality to valuation is not demonstrated in the filing.

The Form 4 shows a direct purchase of 13,101 Class A shares at a weighted average price of $28.88, increasing reported indirect beneficial ownership to 1,857,654 Class A shares. The filing details multi-entity ownership through Mercury Assets Delaware LLC, Fox Paine Global, Inc., and Fox Mercury Investments, L.P., and includes standard disclaimers that Mr. Fox disclaims beneficial ownership except for his indirect pecuniary interest. The report contains no derivatives and does not provide context on percentage ownership of outstanding shares or market-impacting metrics, so the filing documents the transaction and complex ownership structure but does not by itself establish material change to company control or capital structure.

Corporate Governance Expert

TL;DR: The filing discloses customary indirect ownership through trusts and entities with disclaimers; governance implications are disclosure-focused, not actionable here.

The Form 4 identifies Mr. Fox as both a director and a 10% owner and discloses direct and indirect holdings across several affiliated entities. Footnotes clarify that certain shares are held by Mercury Assets Delaware LLC and Fox Paine Global, Inc. via limited partnership interests, and that Mr. Fox is the sole trustee of the Benjerome Trust. These details are important for transparency and compliance with Section 16 rules; the disclaimers reiterate that his beneficial ownership is limited to indirect pecuniary interests. The filing does not report any changes to board composition, compensation arrangements, or derivative positions.

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^*

FOX SAUL A

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

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		P		13,101	A	$28.88(1)	1,857,654	I	See Footnote(2)
Class A Common Shares								293,715	I	See Footnote(3)
Class A-2 Common Shares								550,000	I	See Footnote(4)

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 price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.25 to $29.00. The reporting person undertakes to provide to Global Indemnity Group, LLC, any security holder of Global Indemnity Group, LLC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

2. Includes 1,172,319 A Common Shares held by Mercury Assets Delaware LLC and Common Shares owned indirectly by Mercury Assets Delaware LLC through its limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 Class B Common Shares ("B Common Shares"). The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

3. Common Shares owned indirectly by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. Mr. Fox is a director of Fox Paine Global, Inc. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

4. Common Shares held by Mercury Assets Delaware LLC, which holds 550,000 Class A-2 Common Shares. The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

	/s/ Saul A. Fox	08/11/2025
	** Signature of Reporting Person	Date
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