Greenlight Capital Re (GLRE) Director David Einhorn Sells 106,060 Shares

What Happened

• David Einhorn, a director and 10% owner of Greenlight Capital Re, Ltd. (GLRE), reported a disposition of 106,060 ordinary shares to the issuer. The shares were repurchased by GLRE on August 3, 2026 at $16.14 per share, for a total of $1,712,180. This was a disposition to the issuer (repurchase), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-03 at $16.14 per share (total $1,712,180).
• Transaction type/code: Disposition to issuer (D) — company repurchase under an Ordinary Share Repurchase Agreement.
• Shares owned after transaction: Not specified in the provided Form 4 filing.
• Footnotes of note:
  • F1: The 106,060 shares sold were held by the David M. Einhorn 2021-07 Family Trust; the issuer purchased those shares pursuant to an Ordinary Share Repurchase Agreement.
  • F2: Additional holdings are held by DME 2022 Holdings LLC (Einhorn is sole manager; LLC interests held by a family trust).
  • Reporting note: Einhorn is a director; the filing includes a power of attorney reference and states he disclaims beneficial ownership except to the extent of pecuniary interest. Beneficial owners reported are deemed directors by deputization.
• Filing timeliness: Reported on 2026-08-04 for a 2026-08-03 transaction (filed promptly under Section 16 timing).

Context

• This was a company repurchase of shares from a family trust, not an open-market purchase or sale by the individual into the public market. For a 10% owner/director, the trade reflects a contractual repurchase by the issuer rather than an intra-day trading decision; it should be interpreted as a disposition under the repurchase agreement rather than a straightforward personal sale.