Markel Group (NYSE: MKL) officer logs minor stock tax-withholding move

Rhea-AI Filing Summary

Markel Group Inc. senior vice president and chief legal officer Richard Randolph Grinnan reported a small change in his ownership of Markel Group common stock. On 12/02/2025, 138.006 shares were disposed of in a transaction coded “F,” which typically reflects shares withheld to cover taxes on equity awards, at a price of $2,060.83 per share. After this transaction, he directly beneficially owned 3,462.9199 shares and indirectly held 117.039 shares through the company’s 401(k) plan. The report also notes that between December 31, 2024 and September 30, 2025, he acquired 9.425 shares under the MKL 401(k) plan, based on the plan balance as of 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^*

Grinnan Richard Randolph

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Legal Officer & Sec

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		F		138.006	D	$2,060.83	3,462.9199	D
Common Stock								117.039	I	401(k) Plan(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Between December 31, 2024 and September 30, 2025, the reporting person acquired 9.425 shares under the MKL 401(k) plan. The information reported herein is based on the plan balance as of September 30, 2025.

Remarks:

	/s/ Sarah T. Mikowski, Attorney-in-fact for Richard Randolph Grinnan	12/03/2025
	** 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 (MKL) report for Richard Randolph Grinnan?

On 12/02/2025, Richard Randolph Grinnan, an officer of Markel Group Inc., reported the disposition of 138.006 shares of common stock in a transaction coded “F.”

What does the transaction code F mean in the Markel Group (MKL) Form 4?

The Form 4 shows transaction code “F” for 138.006 shares, which indicates shares were disposed of, typically in connection with tax withholding on equity awards.

How many Markel Group (MKL) shares does Richard Randolph Grinnan own after the reported transaction?

Following the 12/02/2025 transaction, Richard Randolph Grinnan beneficially owned 3,462.9199 Markel Group common shares directly and 117.039 shares indirectly through a 401(k) plan.

What role does Richard Randolph Grinnan hold at Markel Group (MKL)?

Richard Randolph Grinnan is an officer of Markel Group Inc., serving as SVP, Chief Legal Officer & Secretary.

Were any 401(k) plan shares for Markel Group (MKL) disclosed in this Form 4?

Yes. The report states that between December 31, 2024 and September 30, 2025, Richard Randolph Grinnan acquired 9.425 shares under the MKL 401(k) plan, based on the plan balance as of September 30, 2025.

Does this Markel Group (MKL) Form 4 report any derivative securities?

No. The section for derivative securities shows column headings but no derivative positions or transactions were reported for this period.