Markel Group (NYSE: MKL) director adds 150 shares in open-market buys

Q: What did MARKEL GROUP (MKL) director Diane Leopold report in this Form 4?

Director Diane Leopold reported open-market purchases of Markel Group common stock. She disclosed buying 150 shares across two days, increasing both her direct and indirect holdings, while expressly disclaiming beneficial ownership in a filing footnote.

Q: How many MARKEL GROUP (MKL) shares did Diane Leopold buy and at what prices?

Diane Leopold reported buying 150 Markel Group shares . She purchased 100 shares at $1,792.61 per share and 50 shares at $1,789.19 per share, both classified as open-market purchases of the company’s common stock.

Q: What are Diane Leopold’s Markel (MKL) holdings after these transactions?

After these transactions, Diane Leopold directly holds 2,190.0993 shares of Markel common stock. Separately, 50 newly purchased shares are held indirectly by her spouse , contributing to an indirect holding of 550 shares reported in the filing.

Q: How is indirect ownership by spouse reported in this MARKEL (MKL) Form 4?

The Form 4 classifies 50 purchased shares as indirectly owned “By Spouse.” This indicates the shares are held in the spouse’s name, while the director reports them, and a footnote states that beneficial ownership is expressly disclaimed .

Q: Does this MARKEL (MKL) Form 4 involve any derivative securities or options?

The filing shows no derivative securities or option exercises. All reported activity involves non-derivative Markel common stock, purchased in the open market, with derivative positions listed as an empty set in the filing’s derivative summary.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

MARKEL GROUP INC. director Diane Leopold reported open-market purchases of the company’s common stock. She bought 100 shares on May 6, 2026 at $1,792.61 per share, bringing her directly held stake to 2,190.0993 shares. On May 7, 2026, 50 additional shares were purchased at $1,789.19 per share and are held indirectly through her spouse, totaling 550 indirectly held shares. A footnote states that beneficial ownership of these securities is expressly disclaimed.

Insider Trade Summary

Net Buyer: 150 shares ($268,721)

Net Buy 2 txns

Insider Leopold Diane

Role null

Bought 150 shs ($269K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	50	$1,789.19	$89K
Purchase	Common Stock	100	$1,792.61	$179K

Holdings After Transaction: Common Stock — 550 shares (Indirect, By Spouse); Common Stock — 2,190.099 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased May 6, 2026: 100 shares Price per share May 6, 2026: $1,792.61/share Shares purchased May 7, 2026: 50 shares +4 more

7 metrics

Shares purchased May 6, 2026 100 shares Open-market purchase at $1,792.61 per share

Price per share May 6, 2026 $1,792.61/share Common Stock open-market purchase

Shares purchased May 7, 2026 50 shares Open-market purchase at $1,789.19 per share

Price per share May 7, 2026 $1,789.19/share Common Stock open-market purchase via spouse

Direct holdings after May 6 purchase 2,190.0993 shares Directly owned Markel common stock

Indirect holdings after May 7 purchase 550 shares Indirectly owned by spouse

Net share change 150 shares Net-buy across two open-market purchases

Key Terms

open-market purchase, indirect ownership, Common Stock, beneficial ownership

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "By Spouse""

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.

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.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 04:31 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		P		100	A	$1,792.61	2,190.0993	D
Common Stock	05/07/2026		P		50	A	$1,789.19	550	I	By Spouse⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Beneficial ownership of securities is expressly disclaimed.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Diane Leopold	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did MARKEL GROUP (MKL) director Diane Leopold report in this Form 4?

Director Diane Leopold reported open-market purchases of Markel Group common stock. She disclosed buying 150 shares across two days, increasing both her direct and indirect holdings, while expressly disclaiming beneficial ownership in a filing footnote.

How many MARKEL GROUP (MKL) shares did Diane Leopold buy and at what prices?

Diane Leopold reported buying 150 Markel Group shares. She purchased 100 shares at $1,792.61 per share and 50 shares at $1,789.19 per share, both classified as open-market purchases of the company’s common stock.

What are Diane Leopold’s Markel (MKL) holdings after these transactions?

After these transactions, Diane Leopold directly holds 2,190.0993 shares of Markel common stock. Separately, 50 newly purchased shares are held indirectly by her spouse, contributing to an indirect holding of 550 shares reported in the filing.

How is indirect ownership by spouse reported in this MARKEL (MKL) Form 4?

The Form 4 classifies 50 purchased shares as indirectly owned “By Spouse.” This indicates the shares are held in the spouse’s name, while the director reports them, and a footnote states that beneficial ownership is expressly disclaimed.

Does this MARKEL (MKL) Form 4 involve any derivative securities or options?

The filing shows no derivative securities or option exercises. All reported activity involves non-derivative Markel common stock, purchased in the open market, with derivative positions listed as an empty set in the filing’s derivative summary.