STOCK TITAN

Kestrel Group (KG) director awarded 5,718 restricted shares, now holds 22,055

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NIGRO STEVEN HAROLD reported acquisition or exercise transactions in this Form 4 filing.

Kestrel Group Ltd director Steven Harold Nigro received a grant of 5,718 restricted common shares on June 10, 2026 as equity compensation under the 2025 Equity Incentive Plan. These shares vest 100% on the first anniversary of the grant date, bringing his direct holdings to 22,055 common shares.

Positive

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Negative

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Insider NIGRO STEVEN HAROLD
Role null
Type Security Shares Price Value
Grant/Award Common Shares 5,718 $0.00 --
Holdings After Transaction: Common Shares — 22,055 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted shares granted 5,718 shares Grant to director on June 10, 2026
Holdings after transaction 22,055 shares Direct common share holdings post-grant
Grant price per share 0.0000 Reported transaction price for restricted shares
Vesting schedule 100% after 1 year Restricted shares vest on first anniversary of June 10, 2026
restricted shares financial
"These restricted shares were granted on June 10, 2026 under the 2025 Equity Incentive Plan"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
2025 Equity Incentive Plan financial
"granted on June 10, 2026 under the 2025 Equity Incentive Plan and will vest 100% on the first anniversary"
vest 100% financial
"will vest 100% on the first anniversary of the grant date"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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SEC Form 4
FORM 4UNITED 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*
NIGRO STEVEN HAROLD

(Last)(First)(Middle)
11 BERMUDIANA ROAD, MAILBOXES SUITE 1141

(Street)
PEMBROKEHM08

(City)(State)(Zip)

BERMUDA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Kestrel Group Ltd [ KG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares06/10/2026A5,718(1)A$022,055D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These restricted shares were granted on June 10, 2026 under the 2025 Equity Incentive Plan and will vest 100% on the first anniversary of the grant date.
Remarks:
/s/ Steven H. Nigro06/12/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Kestrel Group (KG) report for Steven Nigro?

Kestrel Group reported that director Steven Harold Nigro received 5,718 restricted common shares as an equity grant. The award was made at no cash cost to him, increasing his direct holdings to 22,055 common shares following the grant.

Was the Kestrel Group (KG) Form 4 transaction an open-market purchase or sale?

The Form 4 transaction was not an open-market trade. It was a grant of 5,718 restricted common shares to director Steven Harold Nigro as compensation, recorded at a price of 0.0000 per share, rather than a market purchase or sale.

How many Kestrel Group (KG) shares does Steven Nigro hold after this grant?

After receiving 5,718 restricted common shares, Steven Harold Nigro holds 22,055 Kestrel Group common shares directly. This total reflects his position immediately following the June 10, 2026 equity award reported in the Form 4 filing.

When do the newly granted Kestrel Group (KG) restricted shares vest?

The 5,718 restricted common shares granted to Steven Harold Nigro vest 100% on the first anniversary of the June 10, 2026 grant date. Full vesting occurs after one year of continued service under the 2025 Equity Incentive Plan.

Under which plan were the Kestrel Group (KG) restricted shares granted?

The restricted shares were granted under Kestrel Group’s 2025 Equity Incentive Plan. This plan provides equity-based compensation, and Nigro’s 5,718-share award is structured as restricted stock that vests entirely one year after the June 10, 2026 grant.

Does the Kestrel Group (KG) Form 4 indicate any derivative securities activity?

The Form 4 shows no derivative securities activity for this transaction. It reports only a non-derivative grant of 5,718 restricted common shares to director Steven Harold Nigro, with no options, warrants, or other derivatives listed in the derivative summary.