Global Indemnity Group, LLC — Director's Dealing 2021

Nov 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Indemnity Group, LLC (GBLI)
CIK: 0001494904
Period of Report: 2021-11-26

Reporting Person: FOX SAUL A (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-26	Class B Common Shares	$	J	44	Disposed		Class A Common Shares (44)	Indirect
2021-11-26	Class B Common Shares	$	J	44	Acquired		Class A Common Shares (66482)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Shares	$		Class A Common Shares (3707785)	3707785	Indirect
Class B Common Shares	$		Class A Common Shares (121057)	121057	Indirect
Class B Common Shares	$		Class A Common Shares (51882)	51882	Indirect

Footnotes

F1: Each Class B Common Share ("B Common Share") of Global Indemnity Group, LLC ("Issuer") is convertible into one Issuer Class A Common Share ("A Common Share" and, together with B Common Shares, "Common Shares").

F2: On November 10, 2021, it was resolved that Fox Paine Capital Co-Investors International GP, Ltd. ("Fund II Cayman Corp") be liquidated and all assets held by Fund II Cayman Corp be distributed to FP International LPH, L.P. ("FPI LPH"), the sole shareholder of Fund II Cayman Corp (the "Distribution"), including the 44 B Common Shares held by Fund II Cayman Corp. On November 26, 2021, Fund II Cayman Corp distributed 44 B Common Shares to FPI LPH in respect of its equity interest in Fund II Cayman Corp. FPI LPH has no current intention to liquidate or to further distribute the B Common Shares received by FPI LPH in the Distribution. As a result of the Distribution, Mr. Fox's beneficial ownership of Common Shares (excluding shares over which Mr. Fox disclaimed beneficial ownership) did not change.

F3: Common Shares owned by Fund II Cayman Corp. The sole shareholder of Fund II Cayman Corp is FPI LPH. The sole general partner of FPI LPH is Fox Paine International GP, Ltd. ("GPLTD"). As a result, GPLTD may be deemed to control the Common Shares owned by Fund II Cayman Corp. Fox Mercury Investments, L.P. is a minority shareholder of GPLTD. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

F4: Common Shares owned by FPI LPH. The sole general partner of FPI LPH is GPLTD. As a result, GPLTD may be deemed to control the Common Shares owned by FPI LPH. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

F5: Common Shares owned by Fox Paine Capital Fund II International, L.P. ("Fund II"). The sole general partner of Fund II is FPI LPH. The sole general partner of FPI LPH is GPLTD. As a result, GPLTD may be deemed to control the Common Shares owned by Fund II. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

F6: Common Shares owned indirectly by Mercury Assets Delaware LLC through its limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

F7: Common Shares owned indirectly by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. Mr. Fox is a director of Fox Paine Global, Inc. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.