Greenlight Capital Re (GLRE) CFO forfeits 2,689 restricted shares

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. reported that Chief Financial Officer Faramarz Romer disposed of 2,689 ordinary shares on March 9, 2026. A footnote explains these were performance-based restricted shares granted in 2023 that were forfeited rather than sold for cash. Following this non-derivative disposition, Romer directly holds 152,481 ordinary shares, indicating he maintains a substantially larger remaining equity stake in the company.

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

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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).

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^*

Romer Faramarz

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S		2,689	D	$0(1)	152,481	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. Forfeited performance-based restricted stocks granted in 2023.

Remarks:

	/s/ Sherry Diaz, as attorney in fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did GLRE report for CFO Faramarz Romer?

GREENLIGHT CAPITAL RE, LTD. reported that CFO Faramarz Romer disposed of 2,689 ordinary shares on March 9, 2026. A filing footnote clarifies these shares were performance-based restricted stock granted in 2023 that were forfeited, not sold for cash in the market.

Were the GLRE shares involved in this Form 4 an open-market sale?

The Form 4 uses a sale code, but a footnote states the 2,689 ordinary shares were forfeited performance-based restricted stock granted in 2023. This indicates a compensation-related forfeiture event rather than an open-market sale for cash consideration by the CFO.

How many GLRE shares does CFO Faramarz Romer hold after the forfeiture?

After the forfeiture of 2,689 ordinary shares, CFO Faramarz Romer directly holds 152,481 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This figure reflects his remaining direct equity position as reported in the Form 4 following the March 9, 2026 transaction.

What type of GLRE stock was forfeited in this insider transaction?

The 2,689 shares involved were performance-based restricted stocks originally granted in 2023. According to the footnote, they were forfeited, meaning the shares were cancelled because performance conditions were not met, rather than being sold into the market for proceeds.

Does the GLRE Form 4 show any option or derivative exercises by the CFO?

No derivative activity is shown in this Form 4. The filing lists a single non-derivative transaction involving 2,689 ordinary shares of performance-based restricted stock that were forfeited. The derivativeSummary section is empty, indicating no option or other derivative exercises in this report.

How large is the GLRE insider transaction compared with the CFO’s remaining holdings?

The CFO forfeited 2,689 ordinary shares while retaining 152,481 ordinary shares directly. This means the transaction affects only a small fraction of his reported equity position, with the vast majority of his stake remaining unchanged after the March 9, 2026 event.