Granite Ridge (GRNT) Director Lazarine Kirk Acquires 592,733 Shares

What Happened

• Lazarine Kirk, a director of Granite Ridge Resources, acquired 592,733 shares on August 19, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) at $0.00 per share (total reported value $0), indicating a non‑cash pro rata distribution rather than an open‑market purchase.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-21 (filed within the usual two-business-day window).
• Price: $0.00 per share; total reported cash value: $0.
• Shares acquired: 592,733.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — the shares were a pro rata distribution from GREP Holdco III-B Holdings, LLC and Grey Rock Energy Partners GP III-A, L.P. and GP III-B, L.P.
• Transaction code: J (other acquisition/disposition) — here used for a distribution, not a purchase or sale.

Context

• This was a distribution from investment/holdco entities, not an open‑market buy. Such distributions typically reflect restructuring or allocation of holdings and do not necessarily indicate the director bought shares with personal funds or signal a personal view on the stock.
• Because no cash was paid, this is different from a purchase (often seen as a bullish signal) or a sale (often viewed as realization of gains).