Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Kestrel Group LtdKG · Entity 7123 | Director · Executive Chairman · 10% owner | March 18, 2026 | March 20, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
Kestrel Group Ltd
Report date March 18, 2026 · Filed March 20, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common SharesSEC Table I · non-derivative | Direct | 133,039 |
Ending reported balance
After 2026-03-18 transaction · row 3
3 source rows · reconciled sequenceRow 1 · 2026-03-18 · Grant · Acquired 97,192 · Balance 97,192 F1: Represents shares issued pursuant to a Restricted Share Award ('RSA') that contains vesting and forfeiture restrictions. The shares vest in substantially equal installments with the first installment vested on the date of grant and the remaining installments vesting on the first two anniversaries of the date of grant. Row 2 · 2026-03-18 · Grant · Acquired 48,596 · Balance 145,788 F2: Represents shares issued pursuant to an RSA that contains vesting and forfeiture restrictions. The shares will vest in substantially equal installments on the first three anniversaries of the date of grant. Row 3 · 2026-03-18 · Disposition to issuer · Disposed 12,749 · Balance 133,039 F3: Represents shares withheld by the Issuer to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a RSA. Not an open market sale of securities. |
| Common SharesSEC Table I · non-derivative | IndirectSee footnote | 905,882 |
Reported balance
Holding disclosure · report date 2026-03-18 · row 4
Holding and transaction disclosures are not merged.
1 source rowRow 4 · Balance 905,882 F4: Represents securities held by Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust, of which the reporting person is a co-trustee. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents shares issued pursuant to a Restricted Share Award ('RSA') that contains vesting and forfeiture restrictions. The shares vest in substantially equal installments with the first installment vested on the date of grant and the remaining installments vesting on the first two anniversaries of the date of grant.
F2: Represents shares issued pursuant to an RSA that contains vesting and forfeiture restrictions. The shares will vest in substantially equal installments on the first three anniversaries of the date of grant.
F3: Represents shares withheld by the Issuer to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a RSA. Not an open market sale of securities.
F4: Represents securities held by Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust, of which the reporting person is a co-trustee.
Past disclosures · reporting ended (1)
No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.
State National Companies, Inc.
Report date November 17, 2017 · Filed November 17, 2017
Jointly reported with Ledbetter Reta Laurie, Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended
Section 16 reporting ended · disclosed 2017-11-17. Current position is not established by this disclosure.
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | IndirectBy Trust | 0 |
Reported balance
After 2017-11-17 transaction · row 1
Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source rowRow 1 · 2017-11-17 · Disposition to issuer · Disposed 4,195,582 · Balance 0 F1: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. |
| Common StockSEC Table I · non-derivative | Direct | 123,266 |
Reported balance
After 2017-11-17 transaction · row 2
Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source rowRow 2 · 2017-11-17 · Disposition to issuer · Disposed 346,631 · Balance 123,266 F1: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. F2: These shares are held directly by Terry Lee Ledbetter. |
| Common StockSEC Table I · non-derivative | Direct | 0 |
Reported balance
After 2017-11-17 transaction · row 3
Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes.
1 source rowRow 3 · 2017-11-17 · Disposition to issuer · Disposed 123,266 · Balance 0 F2: These shares are held directly by Terry Lee Ledbetter. |
| OptionsSEC Table II · derivative / convertible security · Conversion / exercise price $10.00 · Expires 2024-06-25 | Direct | 0 |
Reported balance
After 2017-11-17 transaction · row 4
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 4 · 2017-11-17 · Disposition to issuer · Disposed 1,473,333 · Balance 0 F3: In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $16,206,663, representing the difference between $21.00 and the exercise price. F4: The stock options vested in three equal annual installments beginning 06/25/2015. |
Filing footnotes · ownership attribution and instrument terms
F1: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted.
F2: These shares are held directly by Terry Lee Ledbetter.
F3: In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $16,206,663, representing the difference between $21.00 and the exercise price.
F4: The stock options vested in three equal annual installments beginning 06/25/2015.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| March 18, 2026 Filed Mar 20, 2026 23:46 UTC | Kestrel Group Ltd KG · Entity 7123 | Disposition to issuerCommon Shares | 12,749 | $9.96 | $126,980.04 |
DisclosureSEC source: 0001628280-26-020291 · wk-form4_1774050366.xml · nonDerivative · entry 3 Ledbetter Terry Lee · CIK 0001622558 · Director · Executive Chairman · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 133,039 F3 · shares: Represents shares withheld by the Issuer to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a RSA. Not an open market sale of securities. Read SEC document |
| March 18, 2026 Filed Mar 20, 2026 23:46 UTC | Kestrel Group Ltd KG · Entity 7123 | GrantCommon Shares | 48,596 | $0.00 | $0.00 |
DisclosureSEC source: 0001628280-26-020291 · wk-form4_1774050366.xml · nonDerivative · entry 2 Ledbetter Terry Lee · CIK 0001622558 · Director · Executive Chairman · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 145,788 F2 · shares: Represents shares issued pursuant to an RSA that contains vesting and forfeiture restrictions. The shares will vest in substantially equal installments on the first three anniversaries of the date of grant. Read SEC document |
| March 18, 2026 Filed Mar 20, 2026 23:46 UTC | Kestrel Group Ltd KG · Entity 7123 | GrantCommon Shares | 97,192 | $0.00 | $0.00 |
DisclosureSEC source: 0001628280-26-020291 · wk-form4_1774050366.xml · nonDerivative · entry 1 Ledbetter Terry Lee · CIK 0001622558 · Director · Executive Chairman · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 97,192 F1 · shares: Represents shares issued pursuant to a Restricted Share Award ('RSA') that contains vesting and forfeiture restrictions. The shares vest in substantially equal installments with the first installment vested on the date of grant and the remaining installments vesting on the first two anniversaries of the date of grant. Read SEC document |
| May 27, 2025 Filed May 30, 2025 01:59 UTC | Kestrel Group Ltd KG · Entity 7123 | GrantCommon Shares | 905,882 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001104659-25-054430 · tm2516523-2_4seq1.xml · nonDerivative · entry 1 Ledbetter Terry Lee · CIK 0001622558 · Director · Executive Chairman · 10% owner 10b5-1 filing: No plan indicated Ownership: Indirect · See footnote Disclosed balance after: 905,882 F1 · price: On May 27, 2025, pursuant to that certain Combination Agreement (as amended, the "Combination Agreement"), dated as of December 29, 2024, by and between Kestrel Group, LLC ("Kestrel"), all of the equityholders of Kestrel, Maiden Holdings, Ltd. ("Maiden"), Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Merger Sub 2 LLC and Kestrel Group Ltd (f/k/a Ranger Bermuda Topco Ltd) (the "Issuer"), Maiden became a wholly-owned subsidiary of the Issuer (the "Merger"). In connection with the Merger, the Kestrel equityholders received an aggregate of $40,000,000 in cash and 2,750,000 Issuer common shares. The reported amount represents the reporting person's proportionate interest in the 2,750,000 Issuer common shares issued to the Kestrel equityholders. F2 · ownership.nature: 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). Read SEC document |
| November 17, 2017 Filed Nov 17, 2017 16:23 UTC | State National Companies, Inc. SNC · Entity 171795 | Disposition to issuerOptions · Derivative | 1,473,333 | $11.00 Strike: $10.00 | $16,206,663.00 |
DisclosureSEC source: 0001209191-17-061477 · doc4.xml · derivative · entry 4 Ledbetter Reta Laurie · CIK 0001622625 · 10% owner Ledbetter Terry Lee · CIK 0001622558 · Director · Chief Executive Officer · 10% owner Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended · CIK 0001622624 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 1,473,333 shares Expires 2024-06-25 F3 · kind: In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $16,206,663, representing the difference between $21.00 and the exercise price. F3 · price: In connection with the closing under the merger agreement, each option was cancelled in the merger in exchange for a cash payment of $16,206,663, representing the difference between $21.00 and the exercise price. F4 · derivative.exercise_date: The stock options vested in three equal annual installments beginning 06/25/2015. Read SEC document |
| November 17, 2017 Filed Nov 17, 2017 16:23 UTC | State National Companies, Inc. SNC · Entity 171795 | Disposition to issuerCommon Stock | 123,266 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-17-061477 · doc4.xml · nonDerivative · entry 3 Ledbetter Reta Laurie · CIK 0001622625 · 10% owner Ledbetter Terry Lee · CIK 0001622558 · Director · Chief Executive Officer · 10% owner Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended · CIK 0001622624 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 F2 · shares: These shares are held directly by Terry Lee Ledbetter. Read SEC document |
| November 17, 2017 Filed Nov 17, 2017 16:23 UTC | State National Companies, Inc. SNC · Entity 171795 | Disposition to issuerCommon Stock | 346,631 | $21.00 | $7,279,251.00 |
DisclosureSEC source: 0001209191-17-061477 · doc4.xml · nonDerivative · entry 2 Ledbetter Reta Laurie · CIK 0001622625 · 10% owner Ledbetter Terry Lee · CIK 0001622558 · Director · Chief Executive Officer · 10% owner Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended · CIK 0001622624 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,266 F1 · kind: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. F2 · shares: These shares are held directly by Terry Lee Ledbetter. F1 · price: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. Read SEC document |
| November 17, 2017 Filed Nov 17, 2017 16:23 UTC | State National Companies, Inc. SNC · Entity 171795 | Disposition to issuerCommon Stock | 4,195,582 | $21.00 | $88,107,222.00 |
DisclosureSEC source: 0001209191-17-061477 · doc4.xml · nonDerivative · entry 1 Ledbetter Reta Laurie · CIK 0001622625 · 10% owner Ledbetter Terry Lee · CIK 0001622558 · Director · Chief Executive Officer · 10% owner Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended · CIK 0001622624 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · By Trust Disclosed balance after: 0 F1 · kind: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. F1 · price: Disposed of pursuant to the Agreement and Plan of Merger ("merger agreement"), dated as of July 26, 2017, by and among Issuer, Markel Corporation and Markelverick Corporation for a cash payment of the per share price noted. Read SEC document |
| July 24, 2017 Filed Sep 15, 2017 16:49 UTC | State National Companies, Inc. SNC · Entity 171795 | GiftCommon Stock | 965,150 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-17-057427 · a4.xml · nonDerivative · entry 1 Ledbetter Reta Laurie · CIK 0001622625 · 10% owner Ledbetter Terry Lee · CIK 0001622558 · Director · Chief Executive Officer · 10% owner Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended · CIK 0001622624 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · By Trust Disclosed balance after: 4,195,582 F1 · shares: Represents shares gifted by the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust, of which Terry Lee Ledbetter and Reta Laurie Ledbetter serve as co-trustees and, accordingly, share voting and dispositive power. Read SEC document |
| March 24, 2017 Filed Mar 28, 2017 16:40 UTC | State National Companies, Inc. SNC · Entity 171795 | GrantCommon Stock | 146,239 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-17-019710 · a4.xml · nonDerivative · entry 1 Ledbetter Terry Lee · CIK 0001622558 · Chief Executive Officer · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 469,897 F1 · shares: Represents 97,493 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting tied to growth rate of earnings per share and revenue measured against certain financial goals for the 36-month performance period consisting of calendar years 2017-2019, and 48,746 shares of restricted stock granted on March 24, 2017 that are subject to performance-based vesting based on 2017 net income and continued service, vesting 33 1/3% of the original award on each of the three anniversaries following the grant date. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.