Granite Ridge (NYSE: GRNT) CEO receives new stock and option grants

Rhea-AI Filing Summary

Granite Ridge Resources President and CEO Tyler Farquharson reported stock-based compensation awards. On March 4, 2026, he received 61,937 employee stock options at an exercise price of $0.0000 per share, bringing his directly held options to 360,395.

He was also granted 21,515 shares of common stock from vested performance stock units originally awarded in 2023 and 26,141 restricted shares, both at $0.0000 per share. The restricted stock vests in three equal annual installments beginning on March 4, 2027, and the options vest in three equal annual installments beginning on March 4, 2026.

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

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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^*

Farquharson Tyler

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		A		21,515(1)	A	$0	296,102	D
Common Stock, par value $0.0001 per share	03/04/2026		A		26,141(2)	A	$0	322,243	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
Employee stock option (right to buy)	$5.26	03/04/2026		A		61,937		(3)	03/31/2036	Common Stock, par value $0.0001 per share	61,937	$0	360,395	D

Explanation of Responses:

1. Represents the grant of shares of the Company's common stock as a result of the vesting of performance stock units originally awarded in 2023 pursuant to a performance unit agreement under the Company's 2022 Omnibus Incentive Plan.

2. Represents a restricted stock award, granted under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan, which vests in three equal annual installments beginning on March 4, 2027.

3. The options vest in three equal annual installments beginning on March 4, 2026.

Remarks:

	/s/ Emily Fuquay, by power of attorney for Tyler S. Farquharson	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did GRNT President and CEO Tyler Farquharson report on this Form 4?

He reported stock-based compensation awards, including options and common shares. The filing shows grants of stock options and restricted and performance-based shares at no cost, all held directly as part of his Granite Ridge Resources equity compensation.

How many Granite Ridge (GRNT) stock options were granted to the CEO?

He was granted 61,937 employee stock options on March 4, 2026. These options carry a stated exercise price of $0.0000 per share and increase his directly held option position to 360,395 options following the reported transaction.

What common stock grants did the Granite Ridge (GRNT) CEO receive?

He received 21,515 shares of common stock from vesting 2023 performance stock units and a restricted stock award of 26,141 shares. Both grants were reported at a per-share price of $0.0000 as equity compensation, not open-market purchases.

How do the CEO’s new restricted Granite Ridge (GRNT) shares vest?

The restricted stock award of 26,141 shares vests in three equal annual installments. Vesting begins on March 4, 2027, meaning one-third of the shares are scheduled to vest on that date and the remaining thirds in the following two years.

When do the newly granted Granite Ridge (GRNT) options to the CEO vest?

The 61,937 employee stock options vest in three equal annual installments. Vesting starts on March 4, 2026, so one-third becomes exercisable then, with the remaining portions vesting on the same date in the next two consecutive years.

Were the Granite Ridge (GRNT) shares granted to the CEO open-market purchases?

No. The reported transactions are equity compensation grants at $0.0000 per share. They include performance-based shares from vested units and a restricted stock award, rather than open-market buying of Granite Ridge Resources common stock.