Greenlight Capital Re (GLRE) executive forfeits performance-based stock grant

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. executive Brian Joseph O’Reilly, Head of Innovations, recorded a disposition of 2,195 ordinary shares on March 9, 2026. A footnote clarifies these shares were forfeited performance-based restricted stock granted in 2023, rather than a discretionary market sale. Following the forfeiture, O’Reilly directly holds 97,135 ordinary shares, indicating this was a relatively small adjustment to his overall equity position.

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^*

OReilly Brian Joseph

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207,

CAMANA BAY, P.O. BOX 31110

(Street)

GRAND CAYMAN E9 KY1-1205

(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)
	Head of Innovations

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		2,195	D	$0(1)	97,135	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.
* 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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FAQ

What insider transaction did GLRE executive Brian O’Reilly report?

Brian O’Reilly reported a disposition of 2,195 ordinary shares. A footnote explains these were forfeited performance-based restricted stock granted in 2023, not a typical open-market sale, slightly reducing his equity stake in Greenlight Capital Re.

Was the GLRE insider transaction an open-market sale or a forfeiture?

Although coded as a sale, the filing’s footnote states the 2,195 shares were forfeited performance-based restricted stock granted in 2023. This indicates a performance or vesting condition issue, not a discretionary open-market trade for cash by Brian O’Reilly.

How many GREENLIGHT CAPITAL RE shares does Brian O’Reilly hold after this filing?

After forfeiting 2,195 ordinary shares, Brian O’Reilly directly holds 97,135 Greenlight Capital Re shares. This shows the transaction was small relative to his total position and represents a minor adjustment to his overall ownership stake in the company.

What does forfeited performance-based restricted stock mean for GLRE investors?

Forfeited performance-based restricted stock usually reflects unmet performance or service conditions tied to an equity award. In this case, 2,195 granted shares did not vest for Brian O’Reilly, modestly reducing potential dilution and slightly lowering his personal equity compensation outcome.

Does this GLRE Form 4 indicate any remaining derivative or option positions?

The filing’s derivative summary is empty, indicating no derivative securities such as options or warrants are reported in this Form 4 for Brian O’Reilly. The reported position consists solely of ordinary shares, totaling 97,135 after the forfeiture transaction.