[Form 4] MARKEL GROUP INC. Insider Trading Activity

Rhea-AI Filing Summary

Markel Group Inc. director Steven A. Markel reported a change in his ownership of MKL common stock. On 11/17/2025, he disposed of 500 shares of common stock at a reported price of $0 under transaction code G, and held 61,868 shares directly afterward. He also held 2,060.699 shares indirectly through the MKL 401(k) plan and 15,000 shares indirectly through his spouse, for which beneficial ownership is expressly disclaimed. The 401(k) balance includes 1.169 shares acquired between March 31, 2025 and 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

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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^*

MARKEL STEVEN A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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	11/17/2025		G		500	D	$0	61,868	D
Common Stock								2,060.699	I	401(k) Plan(1)
Common Stock								15,000	I	By 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)
				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 1.169 shares under the MKL 401(k) plan. The information reported herein is based on the plan balance as of September 30, 2025.

2. Beneficial ownership of securities is expressly disclaimed.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Steven A. Markel	11/18/2025
	** 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 did Markel Group (MKL) disclose in this Form 4 filing?

The filing shows that director Steven A. Markel reported a change in ownership of MKL common stock on 11/17/2025, including the disposition of 500 shares and his updated direct and indirect holdings.

How many Markel Group (MKL) shares does the director own directly after the transaction?

After the reported 500-share disposition on 11/17/2025, the director beneficially owned 61,868 shares of MKL common stock directly.

What indirect Markel Group (MKL) holdings are reported for the director?

The director reported indirect ownership of 2,060.699 shares through the MKL 401(k) plan and 15,000 shares held by his spouse, with beneficial ownership of the spouse’s shares expressly disclaimed.

What transaction code was used for the 500-share disposition in MKL?

The 500-share disposition of Markel Group common stock on 11/17/2025 was reported with transaction code G, at a reported price of $0.

What does the filing say about MKL shares in the director’s 401(k) plan?

The filing notes that between March 31, 2025 and September 30, 2025, the director acquired 1.169 shares of MKL under the 401(k) plan, and the reported 2,060.699-share balance is as of September 30, 2025.

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

The form is indicated as being filed by one reporting person, covering the holdings and transactions of a single director.