MARKEL GROUP INC. — Director's Dealing 2020

May 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2020-05-01

Reporting Person: MARKEL ANTHONY F (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	Common Stock	S	111	$845.2703	Disposed	2247	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34989	Direct
Common Stock	33864	Indirect
Common Stock	6220	Indirect
Common Stock	3366	Indirect
Common Stock	2850	Indirect
Common Stock	2443	Indirect
Common Stock	1961	Indirect
Common Stock	1720	Indirect

Footnotes

F1: Mr. Markel is the Trustee under a charitable lead unitrust in which his children have remainder interests. Beneficial ownership of securities is expressly disclaimed.

F2: The total reported for Grantor Retained Annuity Trusts (as well as the direct holding balance of Mr. Markel) also reflects the distribution of 2,625 shares from Mr. Markel to Grantor Retained Annuity Trusts.

F3: Mr. Markel is a Trustee and partial beneficiary of several Grantor Retained Annuity Trusts. The total reported represents the aggregate of the trusts.

F4: Mr. Markel is the Trustee under trusts for the benefit of himself and his children.

F5: Mr. Markel is a Trustee of irrevocable trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.

F6: Mr. Markel is the Trustee of trusts for the benefit of his children and their descendants and in which Mr. Markel retains a partial interest. Mr. Markel disclaims beneficial ownership of the shares held in the trusts except to the extent of his partial interest.

F7: Beneficial ownership of securities is expressly disclaimed.