Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 347

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 8
Chunk 347
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 Section 7874(b) of the Code. However, Section 7874 of the Code is complex and Kestrel Group cannot be certain or provide any guarantees regarding its expected treatment.

On the basis that Kestrel Group is treated as a tax resident in the U.S., Kestrel Group is not expected to be treated as a Bermuda tax resident pursuant to Bermuda’s tax legislation. Regardless of whether Kestrel Group expects to be treated as a domestic corporation for U.S. federal income tax purposes pursuant to Section 7874(b) of the Code, it could be liable for both U.S. and Bermuda taxes. Kestrel Group does not expect any tax owed to Bermuda to be material, but Bermuda’s tax laws may change and Kestrel Group cannot provide any assurances that its Bermuda tax obligations will not become material in the future.

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Item 2. Unregistered Sales of Equity and Use of Proceeds

Items 2. (a) and (b) are not applicable. 

2. (c) Share Repurchases

The table below details common share repurchases made during the three months ended June 30, 2025:

For the Three Months Ended June 30, 2025Total number of shares repurchasedAverage price paid per shareTotal number of shares purchased as part of publicly announced plans or programsDollar amount still available under trading plan($ in thousands)April 1, 2025 - April 30, 2025— $— — $— May 1, 2025 - May 31, 2025— — — — June 1, 2025 - June 30, 2025— — — — Total— $— — — 

Subsequent to the three months ended June 30, 2025 and through the period ended August 15, 2025, the Company did not repurchase any common shares.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

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Item 5. Other Information

Executive Ownership and Sales 

From time to time, some of the Company’s directors and executives may determine that it is advisable to diversify their investments for personal financial planning reasons, or may seek liquidity for other reasons, and may sell common shares of the Company in the open market, in private transactions or to the Company. To effect such sales, some of the Company’s