Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 281

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 281
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 omnibus incentive plan:

| Plan category                                              | ​ | ​ | Number ofsecuritiesto be issueduponexercise ofoutstandingoptions,warrantsand rights (a) |   |         |   | ​ | ​ | Weighted-averageexerciseprice ofoutstandingoptions,warrantsand rights (b) |   |      |   | ​ | ​ | Number ofsecuritiesremainingavailablefor futureissuanceunder equitycompensationplans(excludingsecuritiesreflected incolumn (a)) (c) |   |           |   | ​ |
|:-----------------------------------------------------------|:--|:--|:----------------------------------------------------------------------------------------|:--|--------:|:--|:--|:--|:--------------------------------------------------------------------------|:--|-----:|:--|:--|:--|:------------------------------------------------------------------------------------------------------------------------------------|:--|----------:|:--|:--|
| Equity compensation plans approved by security holders     | ​ | ​ | ​                                                                                       | ​ | 103,500 | ​ | ​ | ​ | ​                                                                         | $ | 9.12 | ​ | ​ | ​ | ​                                                                                                                                   | ​ | 1,291,729 | ​ | ​ |
| Equity compensation plans not approved by security holders | ​ | ​ | ​                                                                                       | ​ |       — | ​ | ​ | ​ | ​                                                                         | ​ |    — | ​ | ​ | ​ | ​                                                                                                                                   | ​ |         — | ​ | ​ |
| Total                                                      | ​ | ​ | ​                                                                                       | ​ | 103,500 | ​ | ​ | ​ | ​                                                                         | ​ |    ​ | ​ | ​ | ​ | ​                                                                                                                                   | ​ | 1,291,729 | ​ | ​ |

Vote Required Approving the Bermuda NewCo equity plan proposal requires the affirmative vote (in person or by proxy) of a majority of the votes cast “For” or “Against” the proposal. Accordingly, a Maiden shareholder’s failure to submit a proxy card or to vote in person at the Maiden special meeting, an abstention from voting, or the failure of a Maiden shareholder who holds his or her shares in “street name” through a broker or other nominee to give voting instructions to such broker or other nominee will have no effect on the outcome of any vote to approve the Bermuda NewCo equity plan proposal. Board Recommendation THE MAIDEN BOARD (OTHER THAN MESSRS. ZYSKIND AND NEUBERGER, WHO RECUSED THEMSELVES FROM DETERMINATIONS REL