Markel Group (NYSE: MKL) EVP Michael Heaton reports Form 4 stock transaction

Rhea-AI Filing Summary

Markel Group Inc. executive Michael R. Heaton, who serves as EVP & Chief Operating Officer, reported an insider transaction in the company’s common stock dated December 2, 2025. The filing shows a transaction coded “F” involving the disposition of 217.382 shares at a price of $2,060.83 per share. After this activity, Heaton beneficially owned 4,708.7382 shares directly and 161.261 shares indirectly through the MKL 401(k) plan. The filing also notes that between March 31, 2025 and September 30, 2025, Heaton acquired 2.649 shares under the MKL 401(k) plan, with information based on the plan balance as of September 30, 2025.

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^*

Heaton Michael R

(Last) (First) (Middle)

C/O MARKEL GROUP INC.

4521 HIGHWOODS PARKWAY

(Street)

GLEN ALLEN VA 23060

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARKEL GROUP INC. [ MKL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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
Common Stock	12/02/2025		F		217.382	D	$2,060.83	4,708.7382	D
Common Stock								161.261	I	401(k) Plan(1)

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. Between March 31, 2025 and September 30, 2025, the reporting person acquired 2.649 shares under the MKL 401(k) plan. The information reported herein is based on the plan balance as of September 30, 2025.

Remarks:

	/s/ Sarah T. Mikowski, Attorney-in-fact for Michael R. Heaton	12/03/2025
	** 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

What insider transaction did Markel Group (MKL) report for Michael R. Heaton?

The filing reports a transaction coded “F” on December 2, 2025, in which EVP & Chief Operating Officer Michael R. Heaton disposed of 217.382 shares of Markel Group common stock at $2,060.83 per share.

How many Markel Group (MKL) shares does Michael R. Heaton own after the reported transaction?

Following the reported transaction, Michael R. Heaton beneficially owned 4,708.7382 shares of Markel Group common stock directly and 161.261 shares indirectly through the company’s 401(k) plan.

What is Michael R. Heaton’s role at Markel Group (MKL)?

Michael R. Heaton is an officer of Markel Group Inc., serving as EVP & Chief Operating Officer, as indicated in the Form 4 filing.

What does the Form 4 say about Michael R. Heaton’s Markel Group 401(k) plan holdings?

The filing notes that between March 31, 2025 and September 30, 2025, Heaton acquired 2.649 shares under the MKL 401(k) plan, and that the information is based on the plan balance as of September 30, 2025.

Is the Form 4 for Markel Group (MKL) filed by one or multiple reporting persons?

The document is a Form 4 filed by one reporting person, as indicated by the checked box for that option in the filing.

What type of security is involved in Michael R. Heaton’s Markel Group (MKL) Form 4 filing?

The filing involves Markel Group Inc. common stock, listed in Table I as the security acquired, disposed of, or beneficially owned.