Markel (NYSE: MKL) director adds shares through 2020 ESPP purchase

Rhea-AI Filing Summary

MARKEL GROUP INC. director Michael Jonathan E reported an acquisition of common stock under an employee stock purchase program. On June 15, 2026, he acquired 65.9218 shares of common stock pursuant to the MKL 2020 Employee Stock Purchase Plan, as noted in the footnote.

Following this compensation-related transaction, his direct ownership increased to 332.7271 shares of Markel common stock. The filing classifies the event under the Form 4 code "J", indicating an other type of acquisition or disposition rather than an open-market trade.

Insights

Equity compensation analyst

Director acquired a small number of shares via Markel’s employee stock purchase plan, a routine compensation-related event.

The filing shows director Michael Jonathan E acquiring 65.9218 shares of Markel common stock on June 15, 2026. A footnote explains these shares were obtained under the MKL 2020 Employee Stock Purchase Plan, a structured program rather than an open-market purchase.

After the transaction, his direct holdings rose to 332.7271 shares. With the transaction coded as "J" (other acquisition or disposition) and categorized as restructuring in the summary data, this appears to be a routine compensation-related adjustment with limited signaling value for outside investors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MICHAEL JONATHAN E

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	65.922	$1,668.65	$110K

Holdings After Transaction: Common Stock — 332.727 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 65.9218 shares Price per share: $1,668.6500 per share Shares held after transaction: 332.7271 shares

3 metrics

Shares acquired 65.9218 shares Common stock acquired on June 15, 2026 under MKL 2020 ESPP

Price per share $1,668.6500 per share Transaction price for the reported common stock acquisition

Shares held after transaction 332.7271 shares Director’s direct Markel common stock holdings following the Form 4 transaction

Key Terms

MKL 2020 Employee Stock Purchase Plan, Common Stock, Other acquisition or disposition

3 terms

MKL 2020 Employee Stock Purchase Plan financial

"Shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Other acquisition or disposition financial

"transaction_code_description: Other acquisition or disposition"

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Form 4 Insider Transactions: What Each Field Means →

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^*

MICHAEL JONATHAN E

(Last) (First) (Middle)

C/O MARKEL GROUP INC.

4521 HIGHWOODS PARKWAY

(Street)

GLEN ALLEN VIRGINIA 23060

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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
Common Stock	06/15/2026		J(1)		65.9218	A	$1,668.65	332.7271	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. Shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Jonathan E. Michael	06/17/2026
	** 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)

FAQ

What insider transaction did Markel Group (MKL) report for director Michael Jonathan E?

Markel Group reported that director Michael Jonathan E acquired 65.9218 shares of common stock on June 15, 2026. The shares were obtained through the MKL 2020 Employee Stock Purchase Plan, classified as an “other” acquisition on the Form 4.

How many Markel (MKL) shares does director Michael Jonathan E hold after this Form 4 transaction?

After the reported transaction, director Michael Jonathan E directly holds 332.7271 shares of Markel common stock. This reflects the addition of 65.9218 shares acquired under the MKL 2020 Employee Stock Purchase Plan on June 15, 2026.

Was the Markel (MKL) insider trade an open-market buy or part of a plan?

The transaction was part of a plan, not an open-market buy. A Form 4 footnote states the 65.9218 shares were acquired under the MKL 2020 Employee Stock Purchase Plan, indicating a structured employee program rather than discretionary market purchases.

What does transaction code "J" mean in the Markel (MKL) Form 4 filing?

In this Markel Form 4, code "J" is described as an “other acquisition or disposition.” The footnote clarifies that the 65.9218 shares were acquired via the MKL 2020 Employee Stock Purchase Plan, so it reflects a compensation-related event, not a standard market trade.

Does the Markel (MKL) Form 4 show any derivative securities for Michael Jonathan E?

The Form 4 data for Michael Jonathan E shows no derivative securities in the derivative summary. The only reported transaction involves 65.9218 shares of Markel common stock acquired under the MKL 2020 Employee Stock Purchase Plan on June 15, 2026.