[Form 4] Green Brick Partners, Inc Insider Trading Activity

Rhea-AI Filing Summary

Jed Dolson, President and COO of Green Brick Partners, Inc. (GRBK), reported two open-market sales of Common Stock: 20,000 shares sold on 08/12/2025 at $66.76 and 15,000 shares sold on 08/13/2025 at $68.76. After these transactions the filing shows 273,605 shares beneficially owned following the first sale and 258,605 shares following the second sale. The report also discloses indirect ownership of 4,056 shares held by a trust for the reporting person’s minor children where he serves as co-trustee. In addition, the filing lists vested/restricted awards that convert one-for-one into common shares: three separate awards of 11,161 restricted stock units or performance-based restricted stock units, with vesting and performance conditions described in the filing.

Positive

• Full compliance with Section 16 reporting: transactions, prices, and post-transaction holdings are disclosed
• Transparent disclosure of indirect ownership via trust and detailed vesting/performance terms for RSUs and PSUs

Negative

• Insider dispositions totaling 35,000 shares across two trades, reducing the reporting person’s direct holdings
• Outstanding equity awards (RSUs and PSUs) could dilute existing shareholders if and when they vest and convert to common shares

Insights

Securities Analyst

TL;DR: Officer sold 35,000 GRBK shares across two trades; retains substantial direct and indirect holdings plus long-term equity awards.

Jed Dolson executed two Form 4-reported dispositions on consecutive days reducing his direct holdings from the pre-sale level to 258,605 shares after the reported transactions. The filing transparently itemizes the sales prices and dates and discloses a trust holding representing indirect ownership. It also identifies long-term incentive awards (RSUs and PSUs) that convert one-for-one into common stock and have multi-year vesting and performance conditions. For investors, the most relevant facts are the executed sales, the remaining direct and indirect ownership, and the outstanding equity awards that could increase share count upon vesting.

Corporate Governance Expert

TL;DR: Form 4 is a routine insider disclosure showing sales and remaining equity compensation subject to vesting and performance criteria.

The filing identifies the reporting person’s relationship to the issuer as President and COO and notes co-trustee status for a minor-child trust. It details the structure and vesting schedule of restricted stock units and performance-based restricted stock units granted under the company’s 2024 Omnibus Incentive Plan. The disclosure meets Rule 16 reporting requirements by specifying transaction codes, prices, and post-transaction beneficial ownership. There are no additional governance events or amendments noted in the 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
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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^*

Dolson Jed

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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
Common Stock	08/12/2025		S		20,000	D	$66.76	273,605	D
Common Stock	08/13/2025		S		15,000	D	$68.76	258,605	D
Common Stock								4,056	I	By Trust(1)

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
Restricted Stock Units	(2)							(3)	(3)	Common Stock	11,161		11,161	D
Performance Based Restricted Stock Units	(4)							(5)	(5)	Common Stock	11,161		11,161	D
Performance Based Restricted Stock Units	(4)							(6)	(6)	Common Stock	11,161		11,161	D

Explanation of Responses:

1. Reporting person serves as co-trustee with his spouse of a trust established for the benefit of his minor children.

2. The Restricted Stock Units convert into shares of Common Stock on a one-for-one basis upon vesting.

3. These RSUs were granted pursuant to the Company's Long-Term Incentive Program (the "LTIP") under its 2024 Omnibus Incentive Plan (the "2024 Plan") and vest equally on the first, second and third anniversary of the Grant Date.

4. These Performance Based Restricted Stock Units ("PSUs") convert into shares of Common Stock on a one-for-one basis upon vesting.

5. These PSUs were granted pursuant to the Company's LTIP and are earned in four segments, (1) 16.66% are earned based on performance during 2025, (2) 16.67% are earned based on performance during each of 2026 and 2027 and (3) 50% are earned based on the Company's three-year performance. The PSUs in each segment can be earned between 50% and 200% based on the Company's performance, provided that the Company's performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.

6. These PSUs were granted pursuant to the Company's LTIP and are earned between 50% and 200% based on the Company's performance during the 2025-2027 Performance Period, provided that Company performance exceeds the threshold performance level. Once earned, the PSUs vest on the third anniversary of the Grant Date.

Remarks:

	/s/ Jed Dolson	08/14/2025
	** 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 insider trades did Jed Dolson report for GRBK on Form 4?

He reported two sales: 20,000 shares on 08/12/2025 at $66.76 and 15,000 shares on 08/13/2025 at $68.76.

How many GRBK shares does Jed Dolson beneficially own after the reported transactions?

Reported beneficial ownership: 273,605 shares after the 08/12 sale and 258,605 shares after the 08/13 sale; plus 4,056 shares indirectly held by a trust.

Does the Form 4 disclose any equity awards for Jed Dolson?

Yes: the filing lists restricted stock units (RSUs) and performance-based restricted stock units (PSUs) of 11,161 shares each that convert one-for-one into common stock upon vesting, with specified vesting and performance conditions.

What are the vesting or performance conditions for the PSUs disclosed?

The PSUs are earned in segments across 2025–2027 and/or based on a three-year performance period, can be earned between 50% and 200% depending on performance, and vest on the third anniversary of the grant date once earned.

Was the Form 4 filed individually or as part of a group filing?

The form was filed by one reporting person (the reporting person checked the box indicating a single filer).