[Form 4] Granite Ridge Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Matthew R. Miller, a director of Granite Ridge Resources, acquired 18,700 shares of the company's common stock in transactions dated 08/12/2025 at a weighted average purchase price of $5.36. The purchases were executed in multiple trades at prices ranging from $5.34 to $5.37, and the filing reports the reporting person now beneficially owns 1,284,064 shares on a direct basis. The Form 4 discloses the transaction type as purchases and confirms the reporting person filed as an individual reporting director. The filing notes the reporting person will provide detailed trade breakdowns on request.

Positive

• Director purchase disclosed: Matthew R. Miller acquired 18,700 shares at a weighted average price of $5.36, indicating insider buying activity.

Negative

• None.

Insights

Financial Analyst

TL;DR Director Matthew R. Miller purchased 18,700 shares at a weighted average $5.36, modestly increasing his stake to 1,284,064 shares.

The transaction represents an insider purchase signifying a director-level acquisition of equity. At 18,700 shares, the incremental change relative to total holdings is small and does not meet materiality thresholds for market-moving insider activity. The weighted average price and the disclosed trade range provide transparency on execution. For investors, this is a factual disclosure of insider buying but should be viewed as a limited, non-material adjustment to insider ownership.

Corporate Governance Expert

TL;DR A director executed multiple purchases totaling 18,700 shares, reported on Form 4 with direct beneficial ownership now at 1,284,064 shares.

The filing correctly identifies the reporting person as a director and shows direct ownership. The Form 4 includes an explanatory note about multiple trade executions and offers to supply detailed trade-level data on request, which aligns with good disclosure practice. The size of the purchase is modest, so governance implications are limited to routine insider activity rather than a material change in control or influence.

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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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^*

Miller Matthew Reade

(Last) (First) (Middle)

5217 MCKINNEY AVE., SUITE 400

(Street)

DALLAS TX 75205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Granite Ridge Resources, Inc. [ GRNT ]

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)
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, par value $0.0001 per share	08/12/2025		P		18,700	A	$5.36(1)	1,284,064	D

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 transaction was executed in multiple trades at prices ranging from $5.34 to $5.37. The price reported above reflects the weighted average purchase price. The reporting person undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Emily Fuquay, by power of attorney for Matthew R. Miller	08/12/2025
	** 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 did the Granite Ridge (GRNT) Form 4 report?

The Form 4 reports that director Matthew R. Miller purchased 18,700 common shares at a weighted average price of $5.36, increasing his holdings to 1,284,064 shares.

When were the GRNT shares purchased and at what price range?

The purchases occurred on 08/12/2025 in multiple trades executed at prices ranging from $5.34 to $5.37, with a reported weighted average of $5.36.

How does the Form 4 describe the reporting person's relationship to Granite Ridge?

The Form 4 identifies the reporting person as a Director of Granite Ridge Resources, filing as an individual reporting person.

Did the filing indicate direct or indirect ownership after the transaction?

The filing shows direct beneficial ownership following the transaction, with a total of 1,284,064 shares owned.

Does the Form 4 provide details on execution of the trades?

Yes. The filing states the transaction was executed in multiple trades and discloses a trade price range of $5.34 to $5.37; the weighted average price is also provided.