Granite Ridge (GRNT) Form 4: Director acquires 5,000 shares
Rhea-AI Filing Summary
John McCartney, a director of Granite Ridge Resources, Inc. (GRNT), purchased 5,000 shares of the company's common stock on 08/18/2025 at a reported price of $5.25 per share. Following the transaction he beneficially owned 82,117 shares. The Form 4 was signed via power of attorney by Emily Fuquay on 08/20/2025 and filed to disclose this change in beneficial ownership.
Positive
- Insider purchase of 5,000 shares reported, showing director investing in the company
- Clear disclosure of transaction date, price ($5.25) and post-transaction beneficial ownership (82,117 shares)
- Form properly executed with signature by power of attorney recorded
Negative
- None.
Insights
TL;DR: Director purchase disclosed — modest insider buy increases holdings to 82,117 shares.
The Form 4 reports a straightforward open-market acquisition of 5,000 common shares at $5.25 each by John McCartney, a company director. The purchase increases his beneficial ownership to 82,117 shares. This is a routine Section 16 disclosure showing insider buying; the size of the purchase is small relative to typical institutional positions and does not, by itself, indicate a material shift in control or firm capitalization.
TL;DR: Proper Section 16 filing executed; signature by power of attorney recorded.
The filing documents compliance with Section 16 reporting: transaction date, price, post-transaction ownership and a dated signature by power of attorney. There are no derivative transactions or dispositions reported. The disclosure is complete for the reported transaction and contains no unexplained amendments or omissions.
FAQ
What transaction did John McCartney report on Form 4 for GRNT?
How many GRNT shares does John McCartney beneficially own after the reported purchase?
Who signed the Form 4 for John McCartney and when was it signed?
Does the Form 4 report any derivative transactions for GRNT by John McCartney?
Was this Form 4 filed by a single reporting person or jointly?