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Markel Group (MKL) director updates stake with ESPP-related stock transaction

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

Rhea-AI Filing Summary

MARKEL GROUP INC. director Diane Leopold reported updated holdings of the company’s common stock. A Form 4 entry shows an “other” transaction involving 65.9218 shares at $1668.65 per share, acquired pursuant to the MKL 2020 Employee Stock Purchase Plan, bringing her direct holdings to 2345.0211 shares. She also reports 550 shares held indirectly by her spouse, for which beneficial ownership is expressly disclaimed.

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Insider Leopold Diane
Role null
Type Security Shares Price Value
Other Common Stock 65.922 $1,668.65 $110K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 2,345.021 shares (Direct, null); Common Stock — 550 shares (Indirect, By Spouse)
Footnotes (1)
  1. Shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan. Beneficial ownership of securities is expressly disclaimed.
Other transaction shares 65.9218 shares Common Stock, code J, MKL 2020 Employee Stock Purchase Plan
Transaction price $1668.65 per share Price applied to 65.9218-share transaction
Direct holdings after transaction 2345.0211 shares Common Stock directly owned after June 15, 2026 entry
Indirect spouse holdings 550 shares Common Stock held indirectly by spouse; beneficial ownership disclaimed
MKL 2020 Employee Stock Purchase Plan financial
"Shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan."
beneficial ownership financial
"Beneficial ownership of securities is expressly disclaimed."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"Common Stock entry shows 550.0000 shares with ownership type indirect, nature of ownership By Spouse."
Other acquisition or disposition financial
"Transaction code J is described as Other acquisition or disposition."
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Form 4 Insider Transactions: What Each Field Means →
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*
Leopold Diane
(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)
XDirector10% 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)
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 Stock06/15/2026J(1)65.9218A$1,668.652,345.0211D
Common Stock550IBy Spouse(2)
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. Shares acquired pursuant to the MKL 2020 Employee Stock Purchase Plan.
2. Beneficial ownership of securities is expressly disclaimed.
Remarks:
/s/ Karen O. Earls, Attorney-in-fact for Diane Leopold06/17/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did MKL director Diane Leopold report on this Form 4?

Diane Leopold reported an “other” transaction in Markel Group common stock. She recorded 65.9218 shares tied to the MKL 2020 Employee Stock Purchase Plan and updated her direct and indirect share holdings accordingly in this filing.

How many MARKEL GROUP INC. (MKL) shares does Diane Leopold now hold directly?

After the reported transaction, Diane Leopold directly holds 2345.0211 Markel Group common shares. This figure reflects the effect of the 65.9218-share transaction reported on the Form 4 at a price of $1668.65 per share.

What was the price per share in Diane Leopold’s reported MKL transaction?

The reported Markel Group transaction used a price of $1668.65 per share for 65.9218 common shares. This price is tied to an “other” transaction code J and is associated with the MKL 2020 Employee Stock Purchase Plan.

What does the indirect ownership by spouse mean in this MKL Form 4?

The filing shows 550 Markel Group shares held indirectly, classified as “By Spouse.” A footnote states that beneficial ownership of these securities is expressly disclaimed, indicating they are reported for compliance but not treated as personally owned economic interests.

What is the role of the MKL 2020 Employee Stock Purchase Plan in this transaction?

The filing notes that the 65.9218 Markel Group shares were acquired under the MKL 2020 Employee Stock Purchase Plan. This indicates the shares arise from a company compensation or purchase program rather than an open-market trade, using the stated $1668.65 price per share.