Granite Ridge director buys 10K shares at $5.03
A Granite Ridge Resources director reported an open-market purchase of additional GRNT shares, increasing his direct holdings.
Rhea-AI Filing Summary
Granite Ridge Resources, Inc. (GRNT) director Matthew Reade Miller purchased 10,000 shares of common stock on September 11, 2026 in an open-market transaction at a weighted average price of $5.03 per share. After this purchase, he directly holds 1,974,292 shares of Granite Ridge common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
1 txn
Insider
Miller Matthew Reade
Role
Director
Bought
10,000 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share F1 | 10,000 | $5.03 | $50K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 1,974,292 shares (Direct)
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $5.0297 to $5.0298. 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.
Key Figures
Shares purchased: 10,000 shares
Weighted average purchase price: $5.03 per share
Trade price range: $5.0297–$5.0298 per share
+1 more
4 metrics
Shares purchased
10,000 shares
Common stock purchased by director on September 11, 2026
Weighted average purchase price
$5.03 per share
Open-market purchase of GRNT common stock
Trade price range
$5.0297–$5.0298 per share
Range of individual trade prices for the 10,000-share purchase
Holdings after transaction
1,974,292 shares
Director’s direct ownership of GRNT common stock after the purchase
Key Terms
weighted average purchase price, open market or private transaction, Rule 10b5-1
3 terms
weighted average purchase price financial
"The price reported above reflects the weighted average purchase price."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
open market or private transaction financial
"Purchase in open market or private transaction"
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not affirmed for these transactions."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GRNT report in this Form 4?
Granite Ridge Resources reported that director Matthew Reade Miller purchased 10,000 shares of common stock on September 11, 2026 in an open-market transaction at a weighted average price of $5.03 per share.
Was the GRNT insider purchase made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnote does not reference any trading plan, so the purchase is not reported as made under a Rule 10b5-1 plan.
Is this GRNT Form 4 transaction a purchase or a sale?
The Form 4 reports a purchase transaction. Director Matthew Reade Miller acquired 10,000 shares of Granite Ridge Resources common stock in an open-market transaction on September 11, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.