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SPNT Insider Report: Cabat Withholds 588 Shares for Tax on RSU Vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Evan Cabat, identified as the Chief Accounting Officer of SiriusPoint Ltd. (SPNT), reported a change in his beneficial ownership of common shares following the vesting of restricted share units. The filing shows 588 shares were withheld to satisfy tax liabilities related to RSU vesting, recorded with transaction code F. After that withholding, Mr. Cabat beneficially owned 33,777 common shares, an amount the filer notes includes restricted shares. The disclosure was submitted via Form 4 and signed by an attorney-in-fact on behalf of Mr. Cabat.

Positive

  • Insider retains significant stake: holds 33,777 common shares following the transaction, which includes restricted shares
  • Transaction is routine: withheld shares reflect tax settlement on RSU vesting rather than an open-market sale

Negative

  • 588 shares were disposed (withheld) to cover taxes in connection with RSU vesting
  • Post-transaction holdings include restricted shares, meaning some shares may not be immediately marketable

Insights

TL;DR: Routine tax-withholding after RSU vesting; no open-market sale or additional cash proceeds disclosed.

This Form 4 records a common, administrative disposition: 588 shares were withheld to cover taxes upon RSU vesting (transaction code F). Such withholdings reduce outstanding personal shareholdings but do not represent active selling into the market or a change in strategic ownership. The report shows total beneficial ownership of 33,777 shares, including restricted shares, which indicates continued alignment with equity compensation rather than liquidation. For investors, this is a routine insider reporting event without direct implications for company operations or market liquidity.

TL;DR: Disclosure complies with Section 16 reporting for RSU vesting; no governance concerns evident.

The filing documents a withholding to satisfy tax obligations tied to vested restricted share units, a standard practice under many equity plans. The filer used an attorney-in-fact to sign the Form 4, which is permissible and common. The record explicitly states that the post-transaction holding amount includes restricted shares, clarifying that not all retained shares are freely tradable. There are no indications of unusual transactions, pledges, or off-market transfers that would raise governance flags.

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*
Cabat Evan

(Last) (First) (Middle)
POINT BUILDING
3 WATERLOO LANE

(Street)
PEMBROKE D0 HM08

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SiriusPoint Ltd [ SPNT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025
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 Shares 08/31/2025 F 588(1) D $0 33,777(2) 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. Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units.
2. Includes Restricted Shares.
Remarks:
/s/ Naveen Gurudevan, Attorney-in-Fact for Evan Cabat 09/03/2025
** 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 transaction did Evan Cabat report on the Form 4 for SPNT?

The Form 4 reports that 588 shares were withheld to satisfy tax liabilities arising from the vesting of restricted share units (transaction code F).

How many SiriusPoint (SPNT) shares does Evan Cabat beneficially own after the reported transaction?

After the withholding, Mr. Cabat is reported to beneficially own 33,777 common shares, an amount the filing notes includes restricted shares.

Does the Form 4 show an open-market sale by the insider for SPNT?

No. The filing indicates shares were withheld to cover taxes on RSU vesting (transaction code F), not sold on the open market for cash proceeds.

What does transaction code 'F' mean on this Form 4 for SPNT?

In this filing, transaction code F corresponds to shares withheld to satisfy tax withholding obligations related to the vesting of restricted share units.

Was the Form 4 signed directly by Evan Cabat?

The Form 4 was signed by an attorney-in-fact on behalf of Evan Cabat, which the filing discloses.
Siriuspoint Ltd

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