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[Form 4] Burford Capital Limited Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Burford Capital Limited (BUR) � Form 4 filing: CEO and Director Christopher P. Bogart reported the sale of 210,000 ordinary shares on 07 July 2025 at a weighted-average price of $14.595 under a Rule 10b5-1 trading plan adopted on 21 Aug 2024. Gross proceeds are roughly $3.1 million. Following the transaction, Bogart continues to hold substantial ownership: 278,862 shares via his revocable trust (directly reported here) plus 7,647,727 and 888,563 shares held through two LLCs, leaving total beneficial ownership above 8.8 million shares. No derivative transactions were disclosed, and there are no changes to executive roles or company strategy within the filing.

Burford Capital Limited (BUR) � Comunicazione Form 4: Il CEO e Direttore Christopher P. Bogart ha segnalato la vendita di 210.000 azioni ordinarie il 7 luglio 2025 a un prezzo medio ponderato di 14,595 $, nell'ambito di un piano di trading Rule 10b5-1 adottato il 21 agosto 2024. I proventi lordi ammontano a circa 3,1 milioni di dollari. Dopo la transazione, Bogart mantiene una partecipazione significativa: 278.862 azioni tramite il suo trust revocabile (segnalate direttamente qui), oltre a 7.647.727 e 888.563 azioni detenute attraverso due LLC, per un totale di oltre 8,8 milioni di azioni di proprietà effettiva. Non sono state divulgate operazioni su derivati e non ci sono cambiamenti nei ruoli esecutivi né nella strategia aziendale nel documento.

Burford Capital Limited (BUR) � Presentación Formulario 4: El CEO y Director Christopher P. Bogart informó la venta de 210,000 acciones ordinarias el 7 de julio de 2025 a un precio promedio ponderado de 14.595 $ bajo un plan de negociación Rule 10b5-1 adoptado el 21 de agosto de 2024. Los ingresos brutos son aproximadamente 3.1 millones de dólares. Tras la transacción, Bogart sigue manteniendo una participación sustancial: 278,862 acciones a través de su fideicomiso revocable (reportado directamente aquí) además de 7,647,727 y 888,563 acciones mantenidas mediante dos LLC, sumando una propiedad beneficiaria total superior a 8.8 millones de acciones. No se divulgaron operaciones con derivados ni hay cambios en roles ejecutivos o en la estrategia de la empresa en la presentación.

Burford Capital Limited (BUR) � Form 4 제출: CEO � 이사� Christopher P. Bogart가 2025� 7� 7일에 210,000 보통� 매도� 보고했습니다. 해당 거래� 2024� 8� 21� 채택� Rule 10b5-1 거래 계획� 따른 가중평� 가� $14.595� 이루어졌습니�. � 수익은 � 310� 달러입니�. 거래 � Bogart� 상당� 지분을 계속 보유하고 있습니다: 그의 취소 가능한 신탁� 통해 278,862�(여기� 직접 보고�)와 � 개의 LLC� 통해 각각 7,647,727� � 888,563�� 보유하여 � 실질 소유 지분은 880� � 이상입니�. 파생상품 거래� 공개되지 않았으며, 제출서류 내에� 임원 역할이나 회사 전략� 대� 변� 사항은 없습니다.

Burford Capital Limited (BUR) � Dépôt du Formulaire 4 : Le PDG et Directeur Christopher P. Bogart a déclaré la vente de 210 000 actions ordinaires le 7 juillet 2025 à un prix moyen pondéré de 14,595 $ dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 21 août 2024. Le produit brut s'élève à environ 3,1 millions de dollars. Après la transaction, Bogart continue de détenir une participation importante : 278 862 actions via sa fiducie révocable (déclarées directement ici) ainsi que 7 647 727 et 888 563 actions détenues par l'intermédiaire de deux LLC, portant la propriété bénéficiaire totale à plus de 8,8 millions d'actions. Aucune transaction sur dérivés n'a été divulguée et il n'y a aucun changement dans les rôles exécutifs ou la stratégie de l'entreprise dans ce dépôt.

Burford Capital Limited (BUR) � Form 4 Einreichung: CEO und Direktor Christopher P. Bogart meldete den Verkauf von 210.000 Stammaktien am 7. Juli 2025 zu einem gewichteten Durchschnittspreis von 14,595 $ im Rahmen eines am 21. August 2024 angenommenen Rule 10b5-1 Handelsplans. Die Bruttoerlöse belaufen sich auf etwa 3,1 Millionen Dollar. Nach der Transaktion hält Bogart weiterhin eine bedeutende Beteiligung: 278.862 Aktien über seinen widerruflichen Trust (hier direkt gemeldet) sowie 7.647.727 und 888.563 Aktien, die über zwei LLCs gehalten werden, womit die Gesamtbeteiligung über 8,8 Millionen Aktien liegt. Es wurden keine Derivatgeschäfte offengelegt und es gibt keine Änderungen bei den Führungsposten oder der Unternehmensstrategie in der Einreichung.

Positive
  • None.
Negative
  • CEO Christopher P. Bogart sold 210,000 shares (~$3.1 M), which may raise short-term insider-selling concerns despite being under a 10b5-1 plan.

Insights

TL;DR: CEO sells 210k shares (~2% of stake) via 10b5-1 plan; modest, routine, non-material.

The reported sale represents approximately 2.3% of Mr. Bogart’s aggregate 9 million-plus share position, preserving a significant alignment of interest with shareholders. Because the trade was executed under a pre-established 10b5-1 plan, it signals limited discretionary intent and is typically classified as routine liquidity management. Transaction size relative to average daily volume (~0.6 M shares on NYSE) is moderate but unlikely to create sustained market pressure. No accompanying disclosures suggest operational issues or strategic shifts. Overall market impact is expected to be neutral.

Burford Capital Limited (BUR) � Comunicazione Form 4: Il CEO e Direttore Christopher P. Bogart ha segnalato la vendita di 210.000 azioni ordinarie il 7 luglio 2025 a un prezzo medio ponderato di 14,595 $, nell'ambito di un piano di trading Rule 10b5-1 adottato il 21 agosto 2024. I proventi lordi ammontano a circa 3,1 milioni di dollari. Dopo la transazione, Bogart mantiene una partecipazione significativa: 278.862 azioni tramite il suo trust revocabile (segnalate direttamente qui), oltre a 7.647.727 e 888.563 azioni detenute attraverso due LLC, per un totale di oltre 8,8 milioni di azioni di proprietà effettiva. Non sono state divulgate operazioni su derivati e non ci sono cambiamenti nei ruoli esecutivi né nella strategia aziendale nel documento.

Burford Capital Limited (BUR) � Presentación Formulario 4: El CEO y Director Christopher P. Bogart informó la venta de 210,000 acciones ordinarias el 7 de julio de 2025 a un precio promedio ponderado de 14.595 $ bajo un plan de negociación Rule 10b5-1 adoptado el 21 de agosto de 2024. Los ingresos brutos son aproximadamente 3.1 millones de dólares. Tras la transacción, Bogart sigue manteniendo una participación sustancial: 278,862 acciones a través de su fideicomiso revocable (reportado directamente aquí) además de 7,647,727 y 888,563 acciones mantenidas mediante dos LLC, sumando una propiedad beneficiaria total superior a 8.8 millones de acciones. No se divulgaron operaciones con derivados ni hay cambios en roles ejecutivos o en la estrategia de la empresa en la presentación.

Burford Capital Limited (BUR) � Form 4 제출: CEO � 이사� Christopher P. Bogart가 2025� 7� 7일에 210,000 보통� 매도� 보고했습니다. 해당 거래� 2024� 8� 21� 채택� Rule 10b5-1 거래 계획� 따른 가중평� 가� $14.595� 이루어졌습니�. � 수익은 � 310� 달러입니�. 거래 � Bogart� 상당� 지분을 계속 보유하고 있습니다: 그의 취소 가능한 신탁� 통해 278,862�(여기� 직접 보고�)와 � 개의 LLC� 통해 각각 7,647,727� � 888,563�� 보유하여 � 실질 소유 지분은 880� � 이상입니�. 파생상품 거래� 공개되지 않았으며, 제출서류 내에� 임원 역할이나 회사 전략� 대� 변� 사항은 없습니다.

Burford Capital Limited (BUR) � Dépôt du Formulaire 4 : Le PDG et Directeur Christopher P. Bogart a déclaré la vente de 210 000 actions ordinaires le 7 juillet 2025 à un prix moyen pondéré de 14,595 $ dans le cadre d'un plan de négociation Rule 10b5-1 adopté le 21 août 2024. Le produit brut s'élève à environ 3,1 millions de dollars. Après la transaction, Bogart continue de détenir une participation importante : 278 862 actions via sa fiducie révocable (déclarées directement ici) ainsi que 7 647 727 et 888 563 actions détenues par l'intermédiaire de deux LLC, portant la propriété bénéficiaire totale à plus de 8,8 millions d'actions. Aucune transaction sur dérivés n'a été divulguée et il n'y a aucun changement dans les rôles exécutifs ou la stratégie de l'entreprise dans ce dépôt.

Burford Capital Limited (BUR) � Form 4 Einreichung: CEO und Direktor Christopher P. Bogart meldete den Verkauf von 210.000 Stammaktien am 7. Juli 2025 zu einem gewichteten Durchschnittspreis von 14,595 $ im Rahmen eines am 21. August 2024 angenommenen Rule 10b5-1 Handelsplans. Die Bruttoerlöse belaufen sich auf etwa 3,1 Millionen Dollar. Nach der Transaktion hält Bogart weiterhin eine bedeutende Beteiligung: 278.862 Aktien über seinen widerruflichen Trust (hier direkt gemeldet) sowie 7.647.727 und 888.563 Aktien, die über zwei LLCs gehalten werden, womit die Gesamtbeteiligung über 8,8 Millionen Aktien liegt. Es wurden keine Derivatgeschäfte offengelegt und es gibt keine Änderungen bei den Führungsposten oder der Unternehmensstrategie in der Einreichung.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BOGART CHRISTOPHER P

(Last) (First) (Middle)
C/O BURFORD CAPITAL LIMITED
OAK HOUSE, HIRZEL STREET

(Street)
ST. PETER PORT Y7 GY1 2NP

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Burford Capital Ltd [ BUR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary shares, no par value ("Ordinary Shares")(1) 07/09/2025 S 210,000 D $14.595(2) 278,862 I By Trust(3)(4)
Ordinary Shares 7,647,727 I By LLC
Ordinary Shares 888,563 I By LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These Ordinary Shares were sold pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the US Securities Exchange Act of 1934, as amended, that was adopted by the reporting person on August 21, 2024.
2. Represents weighted average price. These Ordinary Shares were sold in multiple transactions at prices ranging from $14.5000 to $14.6900, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer or the staff of the US Securities and Exchange Commission, upon request, full information regarding the number of Ordinary Shares sold at each price within the range set forth above.
3. Represents Ordinary Shares held by Christopher P. Bogart Revocable Trust (the "Trust"), of which the reporting person serves as a trustee and is a beneficiary. Includes 36,677 Ordinary Shares previously held directly, which were contributed to the Trust on June 6, 2025 and are now held indirectly.
4. The transactions reported in this Form 4 do not include transactions reported separately by Elizabeth O'Connell, the reporting person's spouse, who is also an executive officer of Burford Capital Limited.
Remarks:
/s/ Mark N. Klein, as attorney-in-fact 07/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Burford Capital (BUR) shares did the CEO sell?

Christopher P. Bogart sold 210,000 ordinary shares.

At what price were the BUR shares sold?

The weighted-average sale price was $14.595, with individual trades ranging from $14.50 to $14.69.

Does the CEO still own BUR stock after the sale?

Yes. He beneficially owns 8.8 million+ shares through a trust and two LLCs.

Was the transaction part of a 10b5-1 trading plan?

Yes, the sale occurred under a Rule 10b5-1 plan adopted on 21 Aug 2024.

Is this insider sale considered material to investors?

Given it is ~2 % of the CEO's holdings and pre-planned, analysts view the impact as neutral.
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