STOCK TITAN

Green Brick Partners (GRBK) director trust adds 300-share gift in Form 4/A

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Green Brick Partners, Inc. director Richard S. Press filed an amended insider report to add a previously omitted transaction. A trust associated with him, identified as PFT III, made a bona fide gift transfer of 300 shares of common stock on May 6, 2024 to his adult child, leaving no shares reported as held by that trust after the transaction.

Positive

  • None.

Negative

  • None.
Insider Press Richard S
Role Director
Type Security Shares Price Value
Gift Common Stock 300 $0.00 --
Holdings After Transaction: Common Stock — 0 shares (Indirect, By Trust (PFT III))
Footnotes (1)
  1. [object Object]
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*
Press Richard S

(Last) (First) (Middle)
5501 HEADQUARTERS DRIVE SUITE, 300W

(Street)
PLANO TX 75024

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Green Brick Partners, Inc. [ GRBK ]
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)
05/06/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
05/08/2024
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
Common Stock 05/06/2024 G(1) 300 D $0 0 I By Trust (PFT III)
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. This amendment to the Form 4 filed on May 8, 2024 (the "Original Form 4") is being filed to report a transaction that was inadvertently not reported on the Original Form 4. The Original Form 4 reported an open-market purchase of 300 shares of Common Stock but, due to administrative error, did not report that those share were immediately gifted by the Trust to an adult child of the reporting person. All other information in the Original Form 4 was accurate.
Remarks:
/s/ Richard S. Press 03/04/2026
** 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 Green Brick Partners (GRBK) disclose in this Form 4/A?

The filing discloses a bona fide gift transfer of 300 shares of Green Brick Partners common stock. A trust associated with director Richard S. Press gifted these shares on May 6, 2024 to his adult child, and no shares remained reported for that trust afterward.

Who is the reporting person in the GRBK Form 4/A amendment?

The reporting person is Richard S. Press, a director of Green Brick Partners, Inc. The transaction involves shares held indirectly through a trust (PFT III), rather than shares held directly in his own name, reflecting the trust’s gift to his adult child.

Why was this Green Brick Partners Form 4/A filed as an amendment?

The amendment corrects an earlier Form 4 filed May 8, 2024 that reported only an open-market purchase of 300 shares. Due to administrative error, it did not originally report that the trust immediately gifted those 300 shares to an adult child of the reporting person.

What was the nature of ownership for the GRBK shares involved in this filing?

The 300 Green Brick Partners shares were held indirectly, identified as "By Trust (PFT III)". This means the transaction is attributed to the trust associated with director Richard S. Press, rather than to his direct personal holdings of the company’s common stock.

How many Green Brick Partners shares did the trust hold after the gift transaction?

After the bona fide gift transfer of 300 shares, the total number of Green Brick Partners common shares reported as held by the trust was zero. The amendment clarifies that all shares from the previously reported purchase were immediately transferred as a gift.

What transaction code is used in this GRBK Form 4/A and what does it mean?

The transaction uses code "G", which indicates a bona fide gift. In this case, 300 shares of Green Brick Partners common stock held by the trust were gifted to an adult child of director Richard S. Press, with no purchase or sale price involved.