Greenlight Capital Re Director Reports Restricted Stock Grant and Ownership Update

Rhea-AI Filing Summary

Leonard R. Goldberg, a director of Greenlight Capital Re, Ltd. (GLRE), reported an acquisition of 8,046 ordinary shares on 08/07/2025 via a restricted stock award. After the reported transaction he directly beneficially owns 242,605 shares. The filing also discloses indirect holdings of 22,870 shares held in a trust for which he retains beneficial ownership and 24,000 shares held in a family trust for which his spouse is trustee. The restricted award was granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan and vests on the earlier of the first anniversary of the grant date or the 2026 annual general meeting. The Form 4 was signed by an attorney-in-fact on 08/08/2025. No purchase price is shown on the filing.

Positive

• Restricted stock award granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan with explicit vesting terms
• Direct beneficial ownership increased by 8,046 shares, bringing reported direct holdings to 242,605 shares

Negative

• None.

Insights

Financial Analyst

Restricted stock grant raised director Goldberg's direct stake by 8,046 shares to 242,605; routine, neutral for investors.

The Form 4 documents a restricted stock award for Director Leonard R. Goldberg resulting in an 8,046-share acquisition on 08/07/2025 and a reported direct beneficial ownership of 242,605 shares following the grant. The filing also reports two indirect holdings of 22,870 and 24,000 shares via trusts. No price is provided. This appears to be an equity-compensation event rather than a market purchase or sale, so it is generally neutral in isolation but increases insider alignment with equity performance.

Corporate Governance Expert

Grant vests by first anniversary or 2026 AGM; shows standard equity-based compensation, limited immediate governance impact.

The restricted award is explicitly governed by the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan and has a clear vesting schedule: the earlier of the first anniversary of grant or the 2026 annual general meeting. The filing identifies Goldberg as a director and notes indirect family and trust holdings where his spouse is trustee for one trust. The instrument and vesting terms are disclosed; there are no departures, exchanges, or disposals reported.

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
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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^*

Goldberg Leonard R

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		A		8,046	A	(1)	242,605	D
ORDINARY SHARES								22,870	I	See footnote(2)
ORDINARY SHARES								24,000	I	See footnote(3)

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 restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. This award will vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders.

2. These shares are held for the account of a trust for which the Reporting Person retains beneficial ownership.

3. These shares are held for the account of a trust for the behalf of the Reporting Person's immediate family members. The Reporting Person's spouse is trustee of the trust.

Remarks:

	/s/ Sherry Diaz, as attorney in fact	08/08/2025
	** 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

Who filed the Form 4 for GLRE?

The Form 4 was filed for Leonard R. Goldberg, who is listed as a Director of Greenlight Capital Re, Ltd.

What transaction did Leonard R. Goldberg report for GLRE (ticker GLRE)?

An acquisition of 8,046 ordinary shares on 08/07/2025 via a restricted stock award; no purchase price is shown on the filing.

How many shares does Leonard Goldberg beneficially own after the transaction?

The filing reports 242,605 shares directly beneficially owned after the transaction, plus indirect holdings of 22,870 and 24,000 shares per footnotes.

What are the vesting terms of the restricted stock award?

The award vests on the earlier of the first anniversary of the grant date or the 2026 annual general meeting of shareholders.

When and by whom was the Form 4 signed?

The Form 4 was signed by attorney-in-fact Sherry Diaz on 08/08/2025.