Kestrel Group Ltd — Director's Dealing 2025

May 28, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Ranger Bermuda Topco Ltd (KG)
CIK: 0002055116
Period of Report: 2025-05-27

Reporting Person: Ledbetter Reta Laurie (10% Owner)
Reporting Person: Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	905882	Indirect

Footnotes

F1: Represents securities held by Kestrel Intermediate Ledbetter Holdings LLC ("KILH"). The reporting person is a co-trustee of the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust (which holds a 50% interest in KILH).