X0306 4 2022-03-09 0 0001801754 Trean Insurance Group, Inc. TIG 0001816136 Vassallo Nicholas J. C/O TREAN INSURANCE GROUP, INC. 150 LAKE STREET WEST WAYZATA MN 55391 0 1 0 0 Chief Financial Officer Common Stock 2022-03-09 4 A 0 5631 0.00 A 14584 D Non-Qualified Stock Option (right to buy) 6.95 2022-03-09 4 A 0 5631 0.00 A Common Stock 5631 5631 D Market Stock Unit 2022-03-09 4 A 0 5632 0.00 A Common Stock 5632 5632 D The shares consist of restricted stock units granted pursuant to the issuer's 2020 Omnibus Incentive Plan (the "Plan") that vest in three equal annual installments over three years. The option was granted pursuant to the Plan and vests in three equal annual installments beginning on March 9, 2023 and remains exercisable after vesting until the earliest to occur of: (i) the 10th anniversary of the date of the grant, (ii) the 1st anniversary of the grantee's termination of employment by the issuer without Cause (as defined in the Plan) or the grantee's death or Disability (as defined in the Plan), (iii) 90 days following the grantee's voluntary termination, or (iv) the close of business on the last business day immediately prior to the date of the grantee's termination for Cause or breach of a restrictive covenant. Reflects an award of Market Stock Units ("MSUs") granted pursuant to the Plan. Each MSU represents a contingent right to receive one share of the issuer's common stock ("Common Stock"). The number of shares of Common Stock shown above represents the award at the target performance level. The actual number of shares of Common Stock that may be issued to the reporting person upon vesting of the MSUs ranges from a minimum of 0% to a maximum of 200% of the target performance level, depending on achievement of cumulative total shareholder return of the Common Stock over a performance period ending on December 31, 2024. /s/ Patricia A. Ryan, attorney-in-fact 2022-03-11