Greenlight Capital Re (NASDAQ: GLRE) director sells 11,747 ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. director Joseph P. Platt Jr. reported an insider sale of ordinary shares. On May 26, 2026, a partnership for which he is the general partner sold 11,747 ordinary shares in an open-market transaction at a weighted average price of $16.87 per share, with individual trade prices ranging from $16.74 to $17.21. After this sale, that partnership no longer holds shares, while Platt continues to own 169,619 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,747 shares ($198,172)
Net Sell
2 txns
Insider
Platt Joseph P JR
Role
Director
Sold
11,747 shs ($198K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | ORDINARY SHARES | 11,747 | $16.87 | $198K |
| holding | ORDINARY SHARES | -- | -- | -- |
Holdings After Transaction:
ORDINARY SHARES — 0 shares (Indirect, See footnote);
ORDINARY SHARES — 169,619 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average purchase price. These shares were sold in multiple trades at prices ranging from $16.74 to $17.21, 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. These shares are held for the account of a partnership of which Mr. Platt is the general partner.
Key Figures
Shares sold: 11,747 shares
Weighted average sale price: $16.87/share
Sale price range: $16.74–$17.21/share
+3 more
6 metrics
Shares sold
11,747 shares
Open-market sale on May 26, 2026
Weighted average sale price
$16.87/share
Ordinary shares sold by partnership
Sale price range
$16.74–$17.21/share
Multiple trades within this range
Direct holdings after transaction
169,619 shares
Ordinary shares held directly by Platt
Indirect holdings after sale
0 shares
Partnership account post-sale balance
Net share change
-11,747 shares
Net insider activity in this Form 4
Key Terms
weighted average purchase price, open-market sale, indirect ownership, partnership
4 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 ownership financial
""direct_or_indirect": "I",
"nature_of_ownership": "See footnote""
partnership financial
"These shares are held for the account of a partnership of which Mr. Platt is the general partner."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLRE director Joseph P. Platt Jr. report?
He reported an open-market sale of 11,747 Greenlight Capital Re ordinary shares. The sale was executed through a partnership where he is the general partner, and it was disclosed in a Form 4 insider trading report.
Was the GLRE insider sale made directly by Joseph Platt Jr. or through an entity?
The sale was made through a partnership for which Joseph Platt Jr. is the general partner. These shares were held for the account of that partnership, rather than as directly owned personal holdings.
What does the Form 4 filing for GLRE indicate about the remaining partnership holdings?
The filing shows that, after selling 11,747 ordinary shares, the partnership’s remaining ownership is zero. All disclosed post-sale holdings of 169,619 GLRE ordinary shares are reported as directly owned by Joseph Platt Jr.