Elizabeth Oconnell - Apr 8, 2025 Form 4 Insider Report for Burford Capital Ltd (BUR)

Role: Chief Strategy Officer
Signature: /s/ Mark N. Klein, as attorney-in-fact
Stock symbol: BUR
Transactions as of: Apr 8, 2025
Transactions value $: -$7,533
Form type: 4
Date filed: 4/10/2025, 07:04 AM
Previous filing: Mar 10, 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	-$7.53K	-632	-100%	$11.92	0	Apr 8, 2025	Direct	F1
holding	BUR	Ordinary Shares						131K	Apr 8, 2025	By Trust

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	-13.4K	-5.44%	$0.00	234K	Apr 8, 2025	Ordinary Shares	13.4K		Direct	F2, F3
transaction	BUR	Phantom RSUs	Award	$0	+13.1K	+5.62%	$0.00	247K	Apr 8, 2025	Ordinary Shares	13.1K		Direct	F3, F4
transaction	BUR	PSUs	Options Exercise	$0	-13.4K	-5.45%	$0.00	233K	Apr 8, 2025	Ordinary Shares	13.4K		Direct	F3, F5
transaction	BUR	Phantom RSUs	Award	$0	+13.1K	+5.63%	$0.00	246K	Apr 8, 2025	Ordinary Shares	13.1K		Direct	F3, F6

* 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	The transactions reported in this Form 4 do not include transactions reported separately by Christopher Bogart, the reporting person's spouse, who is also an executive officer of Burford Capital Limited.
F4	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.
F5	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.
F6	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.