Markel Group Inc. (MKL) director details Dec. 11, 2025 stock sales in Form 4

Rhea-AI Filing Summary

Markel Group Inc. director Steven A. Markel reported multiple open-market sales of Markel Group common stock on December 11, 2025. The transactions, coded as sales, involved small blocks of shares at prices including $2,100 and $2,129.98 per share and were effected under a Rule 10b5-1 trading plan adopted on August 15, 2025. After these sales, he directly beneficially owned 60,368 shares, held 2,060.699 shares through a Markel 401(k) plan as of September 30, 2025, and 15,000 additional shares were held by his spouse, for which beneficial ownership is expressly disclaimed.

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).

X

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)
12/11/2025

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	12/11/2025		S		64	D	$2,100	61,634	D(1)
Common Stock	12/11/2025		S		50	D	$2,103.55	61,584	D(1)
Common Stock	12/11/2025		S		70	D	$2,108.27(2)	61,514	D(1)
Common Stock	12/11/2025		S		40	D	$2,112.03	61,474	D(1)
Common Stock	12/11/2025		S		120	D	$2,114.99	61,354	D(1)
Common Stock	12/11/2025		S		100	D	$2,116.18(3)	61,254	D(1)
Common Stock	12/11/2025		S		201	D	$2,117.37(4)	61,053	D(1)
Common Stock	12/11/2025		S		24	D	$2,118.37	61,029	D(1)
Common Stock	12/11/2025		S		51	D	$2,120.65(5)	60,978	D(1)
Common Stock	12/11/2025		S		173	D	$2,121.69(6)	60,805	D(1)
Common Stock	12/11/2025		S		10	D	$2,123.05	60,795	D(1)
Common Stock	12/11/2025		S		32	D	$2,125	60,763	D(1)
Common Stock	12/11/2025		S		75	D	$2,126(7)	60,688	D(1)
Common Stock	12/11/2025		S		190	D	$2,127.26(8)	60,498	D(1)
Common Stock	12/11/2025		S		10	D	$2,128	60,488	D(1)
Common Stock	12/11/2025		S		120	D	$2,129.98	60,368	D(1)
Common Stock								2,060.699	I	401(K) Plan(9)
Common Stock								15,000	I	By Spouse(10)

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. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted August 15, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,108.27 to $2,108.28, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,116.10 to $2,116.49, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,117.20 to $2,117.49, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,120.00 to $2,120.90, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,121.10 to $2,122.01, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,126.00 to $2,126.01, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,127.00 to $2,127.51, inclusive. The reporting person undertakes to provide to any security holder of MKL or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

9. The information reported herein is based on the MKL 401(k) plan balance as of September 30, 2025.

10. Beneficial ownership of securities is expressly disclaimed.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Steven A. Markel	12/15/2025
	** 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 Inc. (MKL) report in this filing?

The filing reports that director Steven A. Markel carried out multiple open-market sales of Markel Group Inc. common stock on December 11, 2025, each coded as a sale transaction.

Were the MKL stock sales made under a Rule 10b5-1 trading plan?

Yes. The explanation states that the reported sales were effected pursuant to a Rule 10b5-1 trading plan that was adopted on August 15, 2025.

How many Markel Group (MKL) shares does Steven A. Markel own directly after these transactions?

Following the reported transactions, Steven A. Markel directly beneficially owned 60,368 shares of Markel Group Inc. common stock.

What indirect holdings of MKL stock are reported for Steven A. Markel?

The filing shows 2,060.699 shares held indirectly through a Markel 401(k) plan as of September 30, 2025, and 15,000 shares held by his spouse, with beneficial ownership of those spouse-held shares expressly disclaimed.

On what date did the reported Markel Group (MKL) stock sales occur?

All the reported sales of Markel Group Inc. common stock took place on December 11, 2025, which is listed as the Date of Earliest Transaction and the transaction date for each line item.

What were some of the prices at which Steven A. Markel sold MKL shares?

The sales were executed at various prices, including $2,100, $2,103.55, $2,108.27, and up to $2,129.98 per share, with several entries noted as weighted average prices for multiple trades within narrow ranges.

How does the filing describe beneficial ownership of shares held by Steven A. Markel’s spouse?

The filing reports 15,000 shares held by his spouse and states that beneficial ownership of these securities is expressly disclaimed in a footnote.