Francois Morin - 16 Feb 2023 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role: EVP AND CFO
Signature: /s/ Francois Morin
Issuer symbol: ACGL
Transactions as of: 16 Feb 2023
Net transactions value: -$1,069,212
Form type: 4
Filing time: 21 Feb 2023, 19:31:23 UTC
Previous filing: 12 Aug 2022
Next filing: 28 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACGL	Common Shares, $.0011 par value per share	Options Exercise	$100,904	+5,655	+2.9%	$17.84	199,517	16 Feb 2023	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Options Exercise	$90,919	+5,025	+2.5%	$18.09	204,542	16 Feb 2023	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	$191,839	-2,859	-1.4%	$67.10	201,683	16 Feb 2023	Direct	F1
transaction	ACGL	Common Shares, $.0011 par value per share	Sale	$1,069,196	-15,814	-7.8%	$67.61	185,869	21 Feb 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ACGL	Share Appreciation Right	Options Exercise	$0	-5,655	-100%	$0.000000^*	0	16 Feb 2023	Common Shares, $.0011 par value per share	5,655	$17.84	Direct	F3
transaction	ACGL	Share Appreciation Right	Options Exercise	$0	-5,025	-100%	$0.000000^*	0	16 Feb 2023	Common Shares, $.0011 par value per share	5,025	$18.09	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the exercise of the share appreciation rights award described in Table II, 2,859 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 7,821 common shares.
F2	Represents a weighted average sale price; the sales prices ranged from $67.415 to $67.75. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission or a security holder of the issuer.
F3	The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on May 9, 2014 and the next two installments on May 9, 2015 and May 9, 2016, subject to the applicable award agreement.
F4	The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on July 25, 2014 and the next two installments on July 25, 2015 and July 25, 2016, subject to the applicable award agreement. 2.