Form 4: Granite Ridge Resources Director Griffin Perry Receives Shares via Pro Rata Distribution

Director Griffin Perry acquired 24,318 shares of Granite Ridge Resources common stock through a pro rata distribution from Grey Rock Energy Partners, while also disposing of 587,181 shares.

Summary

• On April 9, 2024, Griffin Perry, a director of Granite Ridge Resources, Inc., acquired 24,318 shares of common stock.
• The acquisition was a pro rata distribution from Grey Rock Energy Partners GP III-A, L.P. and Grey Rock Energy Partners GP III-B, L.P.
• The price per share for the acquired shares was $0.
• Perry also disposed of 587,181 shares.
• Following the transaction, Perry beneficially owns 587,181 shares of Granite Ridge Resources.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a change in beneficial ownership. The acquisition via distribution is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading activity by corporate insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership.

Key Dates