MARKEL GROUP INC. — Director's Dealing 2024

May 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL GROUP INC. (MKL)
CIK: 0001096343
Period of Report: 2024-05-06

Reporting Person: MARKEL ANTHONY F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-06	Common Stock	J	2200	$1594.243	Acquired	17200	Direct
2024-05-06	Common Stock	G	1880	—	Disposed	15320	Direct
2024-05-06	Common Stock	G	320	—	Disposed	15000	Direct
2024-05-06	Common Stock	G	320	—	Acquired	3970	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37343	Indirect
Common Stock	8177	Indirect
Common Stock	6220	Indirect
Common Stock	2443	Indirect
Common Stock	1882	Indirect

Footnotes

F1: On May 6, 2024, the reporting person withdrew 2,200 MKL common shares from a grantor retained annuity trust (GRAT), for which the reporting person is a Trustee and partial beneficiary. In exchange for the shares, the reporting person contributed to the GRAT a promissory note (principal amount $3,507,333.50). The withdrawal of shares from the GRAT resulted in a decrease in the number of shares beneficially owned indirectly by the reporting person through the GRAT and a corresponding increase in the number of shares beneficially owned directly by the reporting person. The reporting person believes that his withdrawal of shares from the GRAT constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934. The direct holding balance of the reporting person also reflects a contribution of 3,509 shares from the reporting person to a GRAT.

F2: This transaction involved a gift of securities by the reporting person to his spouse.

F3: Beneficial ownership of securities is expressly disclaimed.

F4: The reporting person is a Trustee and partial beneficiary of several Grantor Retained Annuity Trusts. The total reported represents the aggregate of the trusts.

F5: The reporting person is a Trustee of irrevocable trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.

F6: The reporting person is the Trustee under trusts for the benefit of himself and his children.

F7: The reporting person is a Trustee of trusts for the benefit of his children and their descendants in which the reporting person retains a partial interest. The reporting person disclaims beneficial ownership of the shares held in the trusts except to the extent of his partial interest.

F8: The reporting person is a Trustee under trusts for the benefit of his children. Beneficial ownership of securities is expressly disclaimed.