GLRE (GLRE) COO gains 31,961 shares as restricted stock units vest

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. Chief Operating Officer Patrick O'Brien acquired 31,961 ordinary shares on March 9, 2026 through the vesting of restricted stock units that converted into shares. The shares were granted at no cash cost to him and are held directly. Following this award, he owns a total of 202,386 ordinary shares.

Insights

Equity compensation analyst

COO received stock from RSU vesting, a routine compensation event.

Chief Operating Officer Patrick O'Brien received 31,961 ordinary shares as a grant or award, with a stated price of $0.0000 per share. A footnote explains this reflects vested restricted stock units converting into ordinary shares, a standard form of equity compensation.

The transaction is classified as an acquisition rather than an open-market purchase, so it does not represent a discretionary buy based on market views. After the award, O'Brien directly holds 202,386 ordinary shares, showing a meaningful ongoing equity stake. No derivative positions remain visible in this filing.

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^*

O'BRIEN PATRICK

(Last) (First) (Middle)

C/O GREENLIGHT CAPITAL RE, LTD

65 MARKET ST, SUITE 1207, CAMANA BAY

(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)	X	Other (specify below)
	Chief Operating Officer		SEE REMARKS

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		A		31,961	A	$0(1)	202,386	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. Vested restricted stock units converted to ordinary shares.

Remarks:

The Reporting Person is also the CEO of Greenlight Reinsurance Ireland, DAC, a wholly owned subsidiary of the Issuer.

	/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.
* 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.

FAQ

What insider transaction did GLRE COO Patrick O'Brien report?

Patrick O'Brien reported acquiring 31,961 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This came from vested restricted stock units converting into shares, recorded as a grant or award at a stated price of $0.00 per share, reflecting non-cash equity compensation.

Was the GLRE COO’s recent Form 4 transaction a market purchase or sale?

The transaction was not a market purchase or sale. It was coded as an acquisition via grant or award, with a footnote stating vested restricted stock units converted to ordinary shares, meaning the COO received shares as part of his compensation package.

How many GLRE shares does Patrick O'Brien hold after this transaction?

After the transaction, Patrick O'Brien directly holds 202,386 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This total reflects the addition of 31,961 shares received when previously granted restricted stock units vested and automatically converted into ordinary shares.

What does the $0.0000 price on the GLRE Form 4 transaction indicate?

The $0.0000 per share price indicates no cash changed hands in this transaction. The shares were received through the vesting of restricted stock units, so the COO acquired 31,961 ordinary shares as compensation rather than buying them in the open market.

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

The Form 4 does not show any derivative exercises or option activity. The filing describes a single non-derivative acquisition of ordinary shares, arising from restricted stock units vesting and converting, and the derivative position summary is empty for this reporting period.

Is the GLRE COO’s share acquisition considered a strong insider signal?

This acquisition is a routine compensation-related event, not an open-market purchase. Because the 31,961 shares came from restricted stock units vesting, it is generally viewed as standard equity compensation rather than a strong timing signal about the company’s share price.