Old Republic (ORI) director reports 1,500-share purchase; holdings include 2,039 RSUs

Rhea-AI Filing Summary

Therace Risch, a director of Old Republic International Corporation (ORI), reported an open-market purchase of company common stock. On 09/02/2025 the reporting person acquired 1,500 shares at a price of $39.90 per share, bringing total beneficial ownership to 9,625 shares. The filing notes that the total includes 2,039 unvested restricted stock units. The Form 4 was submitted by Victoria Pool as Power of Attorney on 09/04/2025. The transaction is recorded as a purchase by the reporting person and appears as a routine director purchase disclosed under Section 16.

Positive

• Director purchase reported: Acquisition of 1,500 shares at $39.90 shows insider buying rather than selling
• Complete disclosure: Form 4 includes transaction date, price, post-transaction holdings, and note on 2,039 unvested RSUs

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchased 1,500 ORI shares at $39.90, modestly increasing personal stake; transaction appears routine.

The 1,500-share open-market purchase increases the director's beneficial position to 9,625 shares, including 2,039 unvested RSUs. For a company of Old Republic's size this transaction is small and does not materially change ownership or control. The filing is timely and contains the required disclosure elements: transaction date, price, post-transaction holdings, and the note about unvested restricted stock units. Impact on valuation or control is likely negligible, but the purchase signals a non-sale by an insider.

Corporate Governance Expert

TL;DR: Disclosure is compliant and clear; purchase by a director is routine and properly reported via Form 4.

The Form 4 identifies the reporting person as a director and indicates the form was filed by one reporting person. The document includes transaction code, price, and beneficial ownership after the trade, and a PoA signature date. The inclusion of 2,039 unvested RSUs clarifies the composition of holdings. No amendments or unusual execution dates are disclosed. From a governance perspective, the filing meets standard Section 16 requirements and raises no immediate compliance concerns.

Insider Trade Summary

Net Buyer: 1,500 shares ($59,850)

Net Buy 1 txn

Insider Risch Therace

Role Director

Bought 1,500 shs ($60K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,500	$39.90	$60K

Holdings After Transaction: Common Stock — 9,625 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Risch Therace

(Last) (First) (Middle)

307 N MICHIGAN AVENUE

SUITE 2300

(Street)

CHICAGO IL 60601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OLD REPUBLIC INTERNATIONAL CORP [ ORI ]

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)
09/02/2025

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	09/02/2025		P		1,500	A	$39.9	9,625(1)	D

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. Includes 2,039 unvested restricted stock units.

Remarks:

	By Victoria Pool, Power of Attorney for Therace Risch	09/04/2025
	** 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 Therace Risch report for ORI?

The Form 4 reports a purchase of 1,500 shares of Old Republic International common stock on 09/02/2025 at $39.90 per share.

How many ORI shares does Therace Risch beneficially own after the transaction?

After the reported purchase, Therace Risch beneficially owns 9,625 shares, which includes 2,039 unvested restricted stock units.

Who filed the Form 4 on behalf of Therace Risch and when?

The Form 4 was submitted by Victoria Pool as Power of Attorney for Therace Risch and signed on 09/04/2025.

Was this Form 4 filed by one reporting person or multiple reporters?

The filing indicates Form filed by One Reporting Person.

What price was paid per share in the reported transaction?

The reported purchase price was $39.90 per share.