[Form 4] Greenlight Captial RE, LTD. Insider Trading Activity

Rhea-AI Filing Summary

Greenlight Capital Re director Victoria W. Guest received a restricted stock award of 8,046 ordinary shares on 08/07/2025 under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. The award is described as restricted stock and will vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders.

Following the reported transaction, Ms. Guest beneficially owned 49,100 shares on a direct basis. The Form 4 was executed by an attorney-in-fact and signed on 08/08/2025. No purchase price is shown in the filing.

Positive

• Director received 8,046 restricted ordinary shares, indicating alignment of interests with shareholders
• Award vests on the earlier of the first anniversary or the 2026 annual general meeting, providing clear time-based retention conditions
• Beneficial ownership increased to 49,100 shares on a direct basis following the grant

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine restricted stock grant to a director; retention-focused and not a material market event.

The Form 4 documents a restricted stock award of 8,046 ordinary shares to director Victoria W. Guest that vests by the earlier of the one-year anniversary or the 2026 annual meeting. This is consistent with typical director compensation designed to align long-term interests with shareholders. The filing shows 49,100 shares beneficially owned after the grant and was signed by an attorney-in-fact on 08/08/2025. Based solely on the filing, this appears administrative and governance-related rather than a market-moving transaction.

Securities Analyst

TL;DR: Insider acquisition increases direct stake modestly; filing contains no price and indicates restricted, time-based vesting.

The report notes an acquisition coded as a restricted stock award of 8,046 shares on 08/07/2025 under the 2023 Omnibus Incentive Plan. The award's vesting condition is explicit: earlier of one year or the 2026 AGM. Beneficial ownership rises to 49,100 shares. The filing does not disclose a price. From a trading-impact perspective, the transaction is a compensatory grant to a director and carries limited immediate liquidity or valuation implications in the absence of a disclosed price or sale.

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^*

Guest Victoria W

(Last) (First) (Middle)

110 CLIFTON PLACE

#1J

(Street)

BROOKLYN NY 11238

(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)	49,100	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 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.

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

What transaction did GLRE director Victoria W. Guest report on Form 4?

She received 8,046 ordinary shares as a restricted stock award on 08/07/2025 under the 2023 Omnibus Incentive Plan.

How many GLRE shares does Victoria Guest beneficially own after the reported transaction?

49,100 shares beneficially owned on a direct basis following the reported transaction.

When do the restricted shares granted to the GLRE director vest?

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

Does the Form 4 disclose a purchase price for the restricted shares?

No purchase price is shown in the filing.

Who signed the Form 4 reporting Victoria Guest's transaction?

The form was signed by attorney-in-fact Sherry Diaz on 08/08/2025 on behalf of the reporting person.