David Perla - 08 Apr 2025 Form 4 Insider Report for Burford Capital Ltd (BUR)

Role: Vice Chair
Signature: /s/ Mark N. Klein, as attorney-in-fact
Issuer symbol: BUR
Transactions as of: 08 Apr 2025
Net transactions value: -$7,533
Form type: 4
Filing time: 10 Apr 2025, 07:03:59 UTC
Previous filing: 30 Jan 2025
Next filing: 16 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BUR	Ordinary shares, no par value ("Ordinary Shares")	Tax liability	$7,533	-632	-0.76%	$11.92	82,489	08 Apr 2025	Direct	F1

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	BUR	RSUs	Options Exercise	$0	-13,441	-6.8%	$0.000000	184,438	08 Apr 2025	Ordinary Shares	13,441		Direct	F2
transaction	BUR	Phantom RSUs	Award	$0	+13,125	+7.1%	$0.000000	197,563	08 Apr 2025	Ordinary Shares	13,125		Direct	F3
transaction	BUR	PSUs	Options Exercise	$0	-13,441	-6.8%	$0.000000	184,122	08 Apr 2025	Ordinary Shares	13,441		Direct	F4
transaction	BUR	Phantom RSUs	Award	$0	+13,125	+7.1%	$0.000000	197,247	08 Apr 2025	Ordinary Shares	13,125		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Represents satisfaction of tax withholding obligations by net settlement of Ordinary Shares upon vesting of restricted share units ("RSUs") and performance-based RSUs ("PSUs").
F2	Represents vesting of an award of RSUs granted on April 5, 2022 that vested in full on the third anniversary of the grant date. The reporting person has elected to defer receipt of 100% of Ordinary Shares deliverable upon vesting of the RSUs pursuant to the Burford Capital Deferred Compensation Plan (the "NQDC Plan"), resulting in the reporting person's receipt of 13,125 phantom RSUs ("Phantom RSUs").
F3	Represents the conversion of 13,125 RSUs into Phantom RSUs, on a one-for-one basis, under the NQDC Plan. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be settled in Ordinary Shares or paid in cash in accordance with the terms of the NQDC Plan.
F4	Represents vesting of an award of PSUs granted on April 5, 2022 that vested in full on the third anniversary of the grant date upon achievement of the applicable performance conditions. The reporting person has elected to defer receipt of 100% of Ordinary Shares deliverable upon vesting of the PSUs pursuant to the NQDC Plan, resulting in the reporting person's receipt of 13,125 Phantom RSUs.
F5	Represents the conversion of 13,125 PSUs into Phantom RSUs, on a one-for-one basis, under the NQDC Plan. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be settled in Ordinary Shares or paid in cash in accordance with the terms of the NQDC Plan.