[Form 4] GREENLIGHT CAPITAL RE, LTD. Insider Trading Activity

Rhea-AI Filing Summary

Ian Isaacs, a director of Greenlight Capital Re, Ltd. (GLRE), reported a sale of company stock on 09/17/2025. The Form 4 shows the sale of 8,393 ordinary shares at a weighted average price reported as $12.79 (with individual trade prices ranging $12.79 to $12.82). After the reported sale, the filing indicates 71,137 shares beneficially owned directly by the reporting person. The filing also discloses indirect holdings of 25,000 shares held by the Isaacs Living Trust and 25,000 shares held in the Ian Isaacs IRA. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact.

Insights

Financial Analyst

TL;DR: Routine insider sale; modest volume relative to many issuers and no other material transactions disclosed.

The transaction is a straightforward open-market sale of 8,393 ordinary shares at a reported weighted average price of $12.79, with trade prices spanning $12.79 to $12.82. The reporting person remains a director and retains meaningful residual ownership of 71,137 shares plus two indirect holdings of 25,000 shares each through a trust and IRA. There are no derivative transactions or additional disposals reported. From a financial perspective, this filing represents standard insider liquidity rather than a corporate event or changed operating outlook.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; sale executed and documented with range pricing footnote.

The Form 4 properly reports the director’s sale and includes the required footnote clarifying the weighted average price and the range of execution prices. Indirect ownership through a living trust and an IRA is identified, which clarifies control and voting considerations. There is no indication of suspicious timing or omitted related-party transactions in the filing text provided. The filing was executed via attorney-in-fact, consistent with routine procedural practices.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Isaacs Ian

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207,

CAMANA BAY, P.O. BOX 31110,

(Street)

GEORGE TOWN E9 KY11205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GREENLIGHT CAPITAL RE, LTD. [ GLRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ORDINARY SHARES								25,000	I	By Isaacs Living Trust
ORDINARY SHARES								25,000	I	By Ian Isaacs IRA
ORDINARY SHARES	09/17/2025		S		8,393	D	$12.79(1)	71,137	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average purchase price. These shares were sold in multiple trades at prices ranging from $12.79 to $12.82, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Greenlight Capital Re, Ltd., or any security holders of Greenlight Capital Re, Ltd., full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Sherry Diaz, as attorney in fact	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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