Greenlight Capital Re (GLRE) Insider Form 144 Reports 354-Share Sale
Rhea-AI Filing Summary
Greenlight Capital Re, Ltd. (GLRE) has filed a Form 144 reporting a proposed sale of 354 common shares through Charles Schwab on 09/17/2025 with an aggregate market value of $4,492.26. The shares were acquired as restricted stock awards on 07/29/2025 and were issued for services rendered. The filing reports 34,198,153 shares outstanding. The notice also discloses sales by Ian Isaacs in the past three months: 2,500 shares on 06/16/2025 for $36,274.15 and 13,000 shares on 06/24/2025 for $193,942.85. Some standard issuer contact fields and the date of the notice are not filled in the submission.
Positive
- Planned sale disclosed with broker, date, and aggregate value, satisfying Rule 144 reporting requirements
- Acquisition origin disclosed (restricted stock awards dated 07/29/2025 issued for services), clarifying why the filer holds the shares
- Prior insider sales disclosed with dates and gross proceeds, providing transparency on recent disposition activity
Negative
- Administrative fields missing: issuer address/contact and the date of notice are not provided in the content
- Small size of proposed sale (354 shares) is immaterial relative to 34,198,153 shares outstanding, limiting informational significance
Insights
TL;DR Proposed sale is immaterial relative to outstanding shares; prior insider sales are disclosed.
The reported proposed sale of 354 shares valued at $4,492.26 represents a de minimis amount versus the reported 34,198,153 shares outstanding, indicating negligible immediate market impact. The filing clearly states the acquisition method was restricted stock awarded for services on 07/29/2025, which helps explain the holding origin. Recent dispositions by Ian Isaacs (2,500 and 13,000 shares in June 2025) are disclosed with gross proceeds, providing useful context for insider activity. Overall, the filing fulfills Rule 144 reporting of intended sale and recent sales activity but does not indicate material change to capitalization or control.
TL;DR Disclosure is routine but lacks a few administrative details; no evidence of material governance events.
The form documents required insider-sale disclosures and the representation regarding material nonpublic information. It identifies the broker, class of security, acquisition date and nature, and recent sales by a named individual. However, some issuer contact fields and the notice date are blank in the provided content, which are administrative omissions that should be corrected for completeness. There is no indication of executive departures, related-party transactions beyond service-based awards, or governance actions in this filing.