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4//SEC Filing

LEDBETTER BRADFORD LUKE 4

Accession 0001104659-25-054428

CIK 0002055116other

Filed

May 28, 8:00 PM ET

Accepted

May 29, 9:59 PM ET

Size

6.0 KB

Accession

0001104659-25-054428

Insider Transaction Report

Form 4
Period: 2025-05-27
LEDBETTER BRADFORD LUKE
DirectorChief Executive Officer10% Owner
Transactions
  • Award

    Common Shares

    2025-05-27+905,882905,882 total(indirect: See footnote)
Footnotes (2)
  • [F1]On May 27, 2025, pursuant to that certain Combination Agreement (as amended, the "Combination Agreement"), dated as of December 29, 2024, by and between Kestrel Group, LLC ("Kestrel"), all of the equityholders of Kestrel, Maiden Holdings, Ltd. ("Maiden"), Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Merger Sub 2 LLC and Kestrel Group Ltd (f/k/a Ranger Bermuda Topco Ltd) (the "Issuer"), Maiden became a wholly-owned subsidiary of the Issuer (the "Merger"). In connection with the Merger, the Kestrel equityholders received an aggregate of $40,000,000 in cash and 2,750,000 Issuer common shares. The reported amount represents the reporting person's proportionate interest in the 2,750,000 Issuer common shares issued to the Kestrel equityholders.
  • [F2]Represents securities held by Kestrel Intermediate Ledbetter Holdings LLC ("KILH"). The reporting person is the trustee of (i) the Bradford Luke Ledbetter 2006 Grantor Trust No. 2 (which holds a 25% interest in KILH) and (ii) the Shari Ann Ledbetter Irrevocable 2019 Trust (which holds a 25% interest in KILH).

Issuer

Ranger Bermuda Topco Ltd

CIK 0002055116

Entity typeother

Related Parties

1
  • filerCIK 0001632716

Filing Metadata

Form type
4
Filed
May 28, 8:00 PM ET
Accepted
May 29, 9:59 PM ET
Size
6.0 KB