Granite Ridge (NYSE: GRNT) director gets 598K shares in distribution
Rhea-AI Filing Summary
Granite Ridge Resources, Inc. (GRNT) director Matthew Reade Miller reported an acquisition of 598,531 shares of common stock in a code J “other acquisition or disposition” transaction on 2026-08-19. The shares were received as a pro rata distribution from GREP Holdco III-B Holdings, LLC and related Grey Rock Energy Partners entities, and were recorded at $0.0000 per share. Following this restructuring-related distribution, Miller directly holds 1,964,292 common shares of Granite Ridge Resources.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 598,531 shares
Net Buy
1 txn
Insider
Miller Matthew Reade
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.0001 per share F1 | 598,531 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 1,964,292 shares (Direct)
Footnotes (1)
- F1. Pro rata distribution from GREP Holdco III-B Holdings, LLC as well as Grey Rock Energy Partners GP III-A, L.P. and Grey Rock Energy Partners GP III-B, L.P.
Key Figures
Shares acquired: 598,531 shares
Price per share: $0.0000 per share
Shares owned after transaction: 1,964,292 shares
+1 more
4 metrics
Shares acquired
598,531 shares
Code J non-derivative acquisition on 2026-08-19
Price per share
$0.0000 per share
Reported for the 598,531-share acquisition
Shares owned after transaction
1,964,292 shares
Direct ownership by Matthew Reade Miller after the distribution
Restructuring-related shares
598,531 shares
Classified as restructuring in transaction summary
Key Terms
pro rata distribution, Other acquisition or disposition, Common Stock, par value $0.0001 per share, restructuringShares
4 terms
pro rata distribution financial
"Pro rata distribution from GREP Holdco III-B Holdings, LLC as well as Grey Rock"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
Other acquisition or disposition regulatory
"transaction_code_description":"Other acquisition or disposition""
FAQ
What insider transaction did GRNT director Matthew Reade Miller report?
He reported acquiring 598,531 shares of Granite Ridge Resources common stock on 2026-08-19 in a code J “other acquisition or disposition” transaction, received via a pro rata distribution from GREP Holdco III-B Holdings, LLC and related Grey Rock Energy Partners entities.
Was Matthew Reade Miller’s GRNT transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating the transaction was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.