Amendment to Schedule 13D Filing for Kestrel Group Ltd

This filing is an amendment to a Schedule 13D, originally filed on June 3, 2025, concerning the common shares of Kestrel Group Ltd. The amendment restates information regarding the reporting persons, with Terry Lee Ledbetter, Reta Laurie Ledbetter, and the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust now filing separately from Bradford Luke Ledbetter, Bradford Luke Ledbetter 2006 Grantor Trust No. 2, and Shari Ann Ledbetter Irrevocable 2019 Trust. Kestrel Intermediate Ledbetter Holdings LLC is no longer a reporting person. A pro-rata distribution in-kind of Kestrel Intermediate Ledbetter Holdings LLC's shares occurred on March 9, 2026, resulting in changes in direct beneficial ownership. Terry Lee Ledbetter also received restricted common shares on March 18, 2026, with some shares withheld for tax obligations. The filing details updated ownership percentages and transactions.