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

Director Matthew Miller of Granite Ridge Resources acquired 456,956 shares of common stock through a pro rata distribution.

Summary

• Matthew Miller, a director at Granite Ridge Resources, acquired 456,956 shares of common stock on December 12, 2024.
• The shares were acquired through a pro rata distribution from GREP Holdco II, LLC, 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.
• Following the transaction, Miller's total holdings decreased to 1,229,447 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a change in share ownership by a director. It does not contain any information that would be considered positive or negative from an investment perspective.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the corporate world.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors, in accordance with SEC regulations.
• The pro rata distribution is a common method for distributing assets or shares to stakeholders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in ownership by a director.

Key Dates

Keywords

Granite Ridge Resources, Matthew Miller, share acquisition, pro rata distribution, director, GRNT, SEC Form 4