Greenlight Capital Re insider filing: 8,000 shares to be sold via Charles Schwab
Rhea-AI Filing Summary
Greenlight Capital Re, Ltd. (GLRE) notice states an intended sale of 8,000 common shares through Charles Schwab on Nasdaq with an aggregate market value of $100,160 and approximately 34,198,153 shares outstanding. The shares were acquired as restricted stock awards from the issuer on 07/29/2025 and payment was for services rendered. The filer also reported two recent open-market sales by the same person: 2,500 shares on 06/16/2025 for $36,274.15 and 13,000 shares on 06/24/2025 for $193,942.85. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Transaction details are fully disclosed, including broker, exchange, quantities, and market value
- Origin of shares is stated (restricted stock awards dated 07/29/2025 paid for services rendered), improving transparency
- Prior recent sales are reported (2,500 and 13,000 shares), providing historical context on insider liquidity
Negative
- No additional company-specific information is provided beyond the sales activity; the filing does not disclose any material operational or financial data
Insights
TL;DR: Routine insider resale notice; modest position being sold following recent larger disposals.
The Form 144 documents a proposed sale of 8,000 common shares with an indicated market value of $100,160, to be executed through Charles Schwab on Nasdaq. The shares originated from restricted stock awards dated 07/29/2025 and were paid as consideration for services rendered, which is consistent with typical equity compensation settlements. The filer also disclosed two recent sales in June totaling 15,500 shares generating approximately $230,217, which provides context on recent insider liquidity. This filing appears procedural and does not present additional company disclosures or material events beyond the reported sales.
TL;DR: Disclosure aligns with Rule 144 requirements; no governance red flags shown in this notice.
The notice supplies required details: class, broker, quantity, acquisition date, and nature of acquisition (restricted awards). Reporting the grant date (07/29/2025) and that payment was for services rendered clarifies the origin of the shares. The inclusion of prior sales on 06/16/2025 and 06/24/2025 increases transparency about insider disposition activity. The signer affirms no material nonpublic information is known, which is the standard attestation on this form. There is no evidence in the filing of any governance actions or disclosures beyond routine insider selling activity.