{"transactions":[{"id":832607,"issuer":{"id":7123,"kind":"organization","name":"Kestrel Group Ltd","symbol":"KG"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Common Shares","published_at":"2026-03-20T23:46:57.000Z","date":"2026-03-18","kind":"tax_withholding","planned":false,"acquired":false,"shares":12749,"price":9.96,"value":126980.04,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Represents shares withheld by the Issuer to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a RSA. Not an open market sale of securities."}],"balance_after":133039,"source":{"system":"sec-edgar","filing":"0001628280-26-020292","document":"wk-form4_1774050414.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2055116/000162828026020292/wk-form4_1774050414.xml","form_type":"4"}},{"id":832606,"issuer":{"id":7123,"kind":"organization","name":"Kestrel Group Ltd","symbol":"KG"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Common Shares","published_at":"2026-03-20T23:46:57.000Z","date":"2026-03-18","kind":"grant","planned":false,"acquired":true,"shares":48596,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F2","text":"Represents shares issued pursuant to an RSA that contains vesting and forfeiture restrictions.  The shares will vest in substantially equal installments on the first three anniversaries of the date of grant."}],"balance_after":145788,"source":{"system":"sec-edgar","filing":"0001628280-26-020292","document":"wk-form4_1774050414.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2055116/000162828026020292/wk-form4_1774050414.xml","form_type":"4"}},{"id":832605,"issuer":{"id":7123,"kind":"organization","name":"Kestrel Group Ltd","symbol":"KG"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Common Shares","published_at":"2026-03-20T23:46:57.000Z","date":"2026-03-18","kind":"grant","planned":false,"acquired":true,"shares":97192,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents shares issued pursuant to a Restricted Share Award ('RSA') that contains vesting and forfeiture restrictions. The shares vest in substantially equal installments with the first installment vested on the date of grant and the remaining installments vesting on the first two anniversaries of the date of grant."}],"balance_after":97192,"source":{"system":"sec-edgar","filing":"0001628280-26-020292","document":"wk-form4_1774050414.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2055116/000162828026020292/wk-form4_1774050414.xml","form_type":"4"}},{"id":1130814,"issuer":{"id":7123,"kind":"organization","name":"Kestrel Group Ltd","symbol":"KG"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Common Shares","published_at":"2025-05-30T01:59:32.000Z","date":"2025-05-27","kind":"grant","planned":false,"acquired":true,"shares":905882,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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)."}],"balance_after":905882,"source":{"system":"sec-edgar","filing":"0001104659-25-054428","document":"tm2516523-5_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2055116/000110465925054428/tm2516523-5_4seq1.xml","form_type":"4"}},{"id":4158214,"issuer":{"id":171795,"kind":"organization","name":"State National Companies, Inc.","symbol":"SNC"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Executive Vice President"}}],"security":"Options","published_at":"2017-11-17T16:22:23.000Z","date":"2017-11-17","kind":"disposition_to_issuer","acquired":false,"shares":284900,"price":11,"value":3133900.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F4","text":"In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $3,133,900, representing the difference between $21.00 and the exercise price."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $3,133,900, representing the difference between $21.00 and the exercise price."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"The stock options vested in three equal annual installments beginning 06/25/2015."}],"balance_after":0,"derivative":{"exercise_price":10,"expiration_date":"2024-06-25","underlying":"Common Stock","underlying_shares":284900},"source":{"system":"sec-edgar","filing":"0001209191-17-061474","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1610793/000120919117061474/doc4.xml","form_type":"4"}},{"id":4158213,"issuer":{"id":171795,"kind":"organization","name":"State National Companies, Inc.","symbol":"SNC"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Executive Vice President"}}],"security":"Common Stock","published_at":"2017-11-17T16:22:23.000Z","date":"2017-11-17","kind":"disposition_to_issuer","acquired":false,"shares":5608272,"price":21,"value":117773712.0,"ownership":{"direct":false,"nature":"By Trust"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Disposed of pursuant to the Agreement and Plan of Merger (\"merger agreement\"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted."},{"field":"shares","element":"transactionShares","label":"F2","text":"Represents the following shares beneficially owned by Bradford Luke Ledbetter (\"Luke Ledbetter\"): (i) 648,120 shares held by the Bradford Luke Ledbetter 1999 Grantor Trust No. 2 for which Luke Ledbetter serves as co-trustee with Lonnie K. Ledbetter III, with whom he shares voting and dispositive power over such shares; (ii) 3,499,476 shares held by the following trusts for which he serves as co-trustee with Terry Lee Ledbetter, Jr. (\"Terry Ledbetter, Jr.\"), with whom he shares voting power over such shares and with whom, together with an independent trustee, he shares dispositive power over such shares: (A) 986,794 shares held by the Bradford Luke Ledbetter 2006 Grantor Trust No. 2; (B) 910,432 shares held by the Bradford Luke Ledbetter 2010 Grantor Trust No. 2; (C) 996,540 shares held by the Terry Lee Ledbetter, Jr. 2006 Grantor Trust No. 2; and (D) 605,710 shares held by the Terry Lee Ledbetter, Jr. 2010 Grantor Trust No. 2; (iii) 601,344 shares held by the (continued in footnote 3)."},{"field":"shares","element":"transactionShares","label":"F3","text":"Terry Ledbetter, Jr. 1999 Trust No. 2 for which he serves as co-trustee with Terry Ledbetter, Jr., with whom he share voting and dispositive power over such shares; and (iv) 859,332 shares held by The Terry Ledbetter Family and Charitable Irrevocable 2012 Trust for which Luke Ledbetter serves as sole trustee and has sole voting and dispositive power over such shares."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Disposed of pursuant to the Agreement and Plan of Merger (\"merger agreement\"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001209191-17-061474","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1610793/000120919117061474/doc4.xml","form_type":"4"}},{"id":4158212,"issuer":{"id":171795,"kind":"organization","name":"State National Companies, Inc.","symbol":"SNC"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Executive Vice President"}}],"security":"Common Stock","published_at":"2017-11-17T16:22:23.000Z","date":"2017-11-17","kind":"disposition_to_issuer","acquired":false,"shares":7188,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":0,"source":{"system":"sec-edgar","filing":"0001209191-17-061474","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1610793/000120919117061474/doc4.xml","form_type":"4"}},{"id":4158211,"issuer":{"id":171795,"kind":"organization","name":"State National Companies, Inc.","symbol":"SNC"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Executive Vice President"}}],"security":"Common Stock","published_at":"2017-11-17T16:22:23.000Z","date":"2017-11-17","kind":"disposition_to_issuer","acquired":false,"shares":25711,"price":21,"value":539931.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Disposed of pursuant to the Agreement and Plan of Merger (\"merger agreement\"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Disposed of pursuant to the Agreement and Plan of Merger (\"merger agreement\"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted."}],"balance_after":7188,"source":{"system":"sec-edgar","filing":"0001209191-17-061474","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1610793/000120919117061474/doc4.xml","form_type":"4"}},{"id":4370368,"issuer":{"id":171795,"kind":"organization","name":"State National Companies, Inc.","symbol":"SNC"},"owners":[{"id":56882,"kind":"person","name":"LEDBETTER BRADFORD LUKE","position":1,"cik":"0001632716","reported_name":"LEDBETTER BRADFORD LUKE","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Executive Vice President"}}],"security":"Common Stock","published_at":"2017-03-28T16:40:17.000Z","date":"2017-03-24","kind":"grant","acquired":true,"shares":10444,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents 6,963 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting tied to growth rate of earnings per share and revenue measured against certain financial goals for the 36-month performance period consisting of calendar years 2017-2019, and 3,481 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting based on 2017 net income and continued service, vesting 33 1/3% of the original award on each of the three anniversaries following the grant date."}],"balance_after":32899,"source":{"system":"sec-edgar","filing":"0001104659-17-019708","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1610793/000110465917019708/a4.xml","form_type":"4"}}]}