GLRE director sells 23,613 shares at $18.01
GREENLIGHT CAPITAL RE, LTD. director Joseph P. Platt Jr. reported an open-market sale of 23,613 ordinary shares of GLRE at a weighted average price of $18.01 per share.
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Form Type
4
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. director Joseph P. Platt Jr. reported an open-market sale of 23,613 ordinary shares of GLRE at a weighted average price of $18.01 per share. The shares were sold through a partnership for which he is the general partner and he now holds 11,747 shares indirectly and 169,619 shares directly.
Insider Trade Summary
Net Seller: 23,613 shares
Net Sell
2 txns
Insider
Platt Joseph P JR
Role
Director
Sold
23,613 shs ($425K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | ORDINARY SHARES | 23,613 | $18.01 | $425K |
| holding | ORDINARY SHARES | -- | -- | -- |
Holdings After Transaction:
ORDINARY SHARES — 11,747 shares (Indirect, See footnote);
ORDINARY SHARES — 169,619 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average purchase price. These shares were sold in multiple trades at prices ranging from $18.00 to $18.09, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or any security holders of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. These shares are held for the account of a partnership of which Mr. Platt is the general partner.
Key Figures
Shares sold: 23,613 shares
Weighted average sale price: $18.01 per share
Trade price range: $18.00–$18.09
+3 more
6 metrics
Shares sold
23,613 shares
Open-market sale of GLRE ordinary shares
Weighted average sale price
$18.01 per share
Average price across multiple trades
Trade price range
$18.00–$18.09
Range of execution prices for individual trades
Indirect shares after sale
11,747 shares
Indirect GLRE holdings following the transaction
Direct shares holding
169,619 shares
Directly held GLRE ordinary shares as reported
Net shares sold
23,613 shares
Net-sell direction in transaction summary
Key Terms
weighted average purchase price, open-market sale, indirect, Form 4, +1 more
5 terms
weighted average purchase price financial
"The price reported in Column 4 is a weighted average purchase price."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect financial
""direct_or_indirect": "I", "ownership_type": "indirect""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficial ownership financial
"full information regarding the number of shares sold at each separate price"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLRE director Joseph P. Platt Jr. report?
Joseph P. Platt Jr. reported selling 23,613 GLRE ordinary shares in an open-market transaction at a weighted average price of $18.01 per share. The sale was executed through a partnership for which he serves as general partner.
What does the price range in Joseph Platt Jr.’s GLRE Form 4 footnote mean?
The footnote states the reported $18.01 is a weighted average purchase price, with trades between $18.00 and $18.09. It indicates multiple individual trades were combined for reporting, and detailed per-trade prices and sizes can be provided upon request.
Does Joseph P. Platt Jr. have any derivative positions in GLRE reported in this Form 4?
This Form 4 does not report any derivative transactions or remaining derivative positions for Joseph P. Platt Jr. The activity disclosed relates only to ordinary shares, including direct and indirect non-derivative holdings after the sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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