| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Date of Event Requiring Statement
(Month/Day/Year) 03/20/2026 | 3. Issuer Name and Ticker or Trading Symbol
Global Indemnity Group, LLC [ GBLI ] | |||||||||||||||
| 3a. Foreign Trading Symbol
| 5. If Amendment, Date of Original Filed
(Month/Day/Year) | ||||||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Shares | 106 | D | |
| Class A-2 Common Shares | 50,000(1) | D | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Option to Purchase Class A Common Shares (right to buy) | 03/06/2025(2) | 03/06/2029 | Class A Common Shares | 50,000 | $30 | D | |
| Book Value Rights | 03/06/2026(3) | 03/06/2028 | Class A Common Shares | 9,107.5 | (4) | D | |
| Book Value Rights | 03/05/2027(5) | 03/05/2029 | Class A Common Shares | 8,494.5 | (4) | D | |
| Explanation of Responses: |
| 1. Represents a grant of Class A-2 Common Shares ("A-2 Shares") awarded in recognition of services rendered as an Officer of the Issuer. The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement). |
| 2. Options to Purchase Class A Common Shares vest one-third on each of March 6, 2025, March 6, 2026 and March 6, 2027. |
| 3. Represents a grant of time-vested Book Value Rights ("BVRs") award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 6, 2026, (ii) 33% on March 6, 2027 and (iii) 34% on March 6, 2028, in each case subject to to the terms of the Notice of Book Value Rights Grant. |
| 4. BVRs represent a contingent right to receive an amount of cash pursuant to the terms of the Notice of Book Value Rights Grant or Class A Common Shares of equal value as determined by the Issuer's board of directors. |
| 5. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 5, 2027, (ii) 33% on March 5, 2028 and (iii) 34% on March 5, 2029, in each case subject to to the terms of the Notice of Book Value Rights Grant. |
| Remarks: |
| Exhibit 24 - Power of Attorney |
| /s/ Joanne Cheeseman, Attorney-in-fact | 03/30/2026 | |
| ** 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 5 (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. | ||
| * Form 3: SEC 1473 (03-26) | ||