Granite Ridge (NYSE: GRNT) director boosts stake via 696-share dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Matthew Reade reported open-market purchase transactions in this Form 4 filing.
Granite Ridge Resources, Inc. director Matthew Reade Miller reported acquiring 696 shares of common stock at $4.97 per share. These shares were acquired through automatic dividend reinvestment in a brokerage account, rather than a discretionary open-market trade. After this transaction, he directly holds 1,361,509 shares of Granite Ridge Resources common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 696 shares ($3,459)
Net Buy
1 txn
Insider
Miller Matthew Reade
Role
null
Bought
696 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share | 696 | $4.97 | $3K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 1,361,509 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 696 shares
Purchase price: $4.97 per share
Shares owned after: 1,361,509 shares
+1 more
4 metrics
Shares acquired
696 shares
Automatic dividend reinvestment on June 12, 2026
Purchase price
$4.97 per share
Price for the 696 acquired shares
Shares owned after
1,361,509 shares
Direct holdings following the transaction
Net share direction
696-share net buy
Form 4 transaction summary
Key Terms
automatic dividend reinvestment, open-market purchase, Common Stock, par value $0.0001 per share, Form 4
4 terms
automatic dividend reinvestment financial
"Shares acquired through automatic dividend reinvestment pursuant to the terms of a brokerage account."
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did GRNT director Matthew Reade Miller report?
Director Matthew Reade Miller reported acquiring 696 shares of Granite Ridge Resources common stock. The shares were obtained at $4.97 per share through automatic dividend reinvestment in his brokerage account, rather than a discretionary open-market purchase.
Was the GRNT Form 4 transaction an open-market purchase or dividend reinvestment?
Although coded as a purchase, the Form 4 footnote explains the 696 GRNT shares were acquired via automatic dividend reinvestment. This means dividends in a brokerage account were used to buy additional shares under the account’s reinvestment program.