GLRE (NASDAQ: GLRE) General Counsel sells 7,500 shares to cover tax withholding on vested stock

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. General Counsel David Sigmon reported an open-market sale of 7,500 ordinary shares at a weighted average price of $17.33 per share. According to the disclosure, the shares were sold to satisfy tax withholding obligations related to the vesting of restricted shares, and he continues to hold 32,678 shares directly.

Insights

Equity compensation analyst

Sale appears tied to tax withholding on vesting, not a discretionary share liquidation.

David Sigmon, General Counsel of GREENLIGHT CAPITAL RE, LTD., reported selling 7,500 ordinary shares on May 14, 2026 at a weighted average price of $17.33. The trades occurred in multiple transactions between $17.15 and $17.42 per share.

The footnotes state these shares were sold in the open market to satisfy tax withholding obligations arising from the vesting of restricted shares. Such transactions are typically driven by tax requirements rather than an active decision to reduce economic exposure.

After the sale, Sigmon directly holds 32,678 shares, indicating a remaining equity stake. The filing does not show any derivative positions, suggesting no options or similar instruments are reported here. Overall, the event looks like routine administration of equity compensation rather than a signal-changing transaction.

Insider Trade Summary

Net Seller: 7,500 shares ($129,975)

Net Sell 1 txn

Insider Sigmon David

Role General Counsel

Sold 7,500 shs ($130K)

Type	Security	Shares	Price	Value
Sale	ORDINARY SHARES	7,500	$17.33	$130K

Holdings After Transaction: ORDINARY SHARES — 32,678 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average purchase price. These shares were sold in multiple trades at prices ranging from $17.15 to $17.42, 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. Represents ordinary shares sold in the open market in order to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted shares.

Key Figures

Shares sold: 7,500 shares Weighted average sale price: $17.33 per share Sale price range: $17.15–$17.42 per share +1 more

4 metrics

Shares sold 7,500 shares Ordinary shares sold on May 14, 2026

Weighted average sale price $17.33 per share Open-market sale of ordinary shares

Sale price range $17.15–$17.42 per share Multiple trades within this range

Shares held after transaction 32,678 shares Direct ownership following sale

Key Terms

weighted average purchase price, restricted shares, tax withholding obligations, open market

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.

restricted shares financial

"in connection with the vesting of restricted shares."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

tax withholding obligations financial

"sold in the open market in order to satisfy the Reporting Person's tax withholding obligations"

open market financial

"Represents ordinary shares sold in the open market in order to satisfy"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sigmon David

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207

CAMANA BAY, P.O. BOX 31110

(Street)

GRAND CAYMAN KY1-1205

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

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	05/14/2026		S		7,500	D	$17.33(1)(2)	32,678	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 $17.15 to $17.42, 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.

2. Represents ordinary shares sold in the open market in order to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted shares.

Remarks:

	/s/ David Sigmon	05/15/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GLRE General Counsel David Sigmon report?

David Sigmon reported selling 7,500 ordinary shares of GREENLIGHT CAPITAL RE, LTD. The sale was executed on May 14, 2026, in open-market trades at a weighted average price of $17.33 per share, with individual trades ranging from $17.15 to $17.42.

Why did GLRE General Counsel David Sigmon sell 7,500 shares?

The shares were sold to satisfy David Sigmon’s tax withholding obligations. The filing explains that the sale was linked to the vesting of restricted shares, meaning it was associated with equity compensation taxes rather than a purely discretionary decision to reduce his ownership stake.

What price did GLRE’s General Counsel receive for the sold shares?

The reported weighted average sale price was $17.33 per share. Footnotes state the 7,500 ordinary shares were sold in multiple open-market trades, with individual transaction prices falling within a range from $17.15 to $17.42 per share on that trading day.

How many GLRE shares does David Sigmon hold after this transaction?

Following the reported sale, David Sigmon directly holds 32,678 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This figure reflects his position after disposing of 7,500 shares in the open market to cover tax obligations related to the vesting of restricted share awards.

Is this GLRE insider sale a routine tax-related transaction?

The filing describes the sale as satisfying tax withholding obligations from the vesting of restricted shares. That language indicates the transaction is tied to equity compensation tax requirements, which are commonly viewed as routine administrative events rather than discretionary insider selling decisions.

Did David Sigmon use derivatives or options in this GLRE transaction?

No derivative securities are reported in this insider filing. The transaction involves only non-derivative ordinary shares, and the derivativeSummary section is empty, indicating there were no option exercises, warrant conversions, or similar derivative-related activities disclosed for this reporting period.