Form 4: Granite Ridge Resources Director Acquires Shares Through Pro Rata Distribution

Director Griffin Perry acquired 442,418 shares of Granite Ridge Resources common stock through a pro rata distribution, while disposing of 1,036,599 shares.

Summary

• Griffin Perry, a director at Granite Ridge Resources, acquired 442,418 shares of common stock.
• The acquisition was a result of a pro rata distribution from GREP Holdco II-B Holdings, LLC, Grey Rock Energy Partners GP II-A, L.P., and Grey Rock Energy Partners GP II-B, L.P.
• Concurrently, Mr. Perry disposed of 1,036,599 shares.
• The transaction occurred on December 12, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It does not inherently indicate positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the oil and gas industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all industries.
• The pro rata distribution is a specific transaction type that is not uncommon in private equity and partnership structures.

Stakeholder Impact

• The transaction may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the share price.

Key Dates

Keywords

Granite Ridge Resources, GRNT, Director, Share Acquisition, Pro Rata Distribution, Form 4, Insider Trading