SCHEDULE: Granite Ridge Resources Ownership Update

Several entities and individuals have updated their beneficial ownership filings for Granite Ridge Resources, Inc., following a distribution of shares and the termination of a voting agreement.

Summary

• This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of Granite Ridge Resources, Inc. common stock.
• The changes are primarily due to a pro rata distribution of shares on August 19, 2026, by certain Fund III Filing Parties.
• The Stockholder Voting Agreement, entered into on August 25, 2023, has been terminated effective August 19, 2026.
• Following these events, GREP GP III now beneficially owns 51,648,048 shares, representing 39.2% of the outstanding common stock.
• Two reporting persons, Griffin Perry and Kirk Lazarine, have ceased to be members of the group and reporting persons under this Schedule 13D.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, primarily reflecting a restructuring of beneficial ownership and the termination of a voting agreement, rather than new strategic initiatives or financial performance updates.

Positives

• Termination of the Voting Agreement removes previous transfer restrictions and voting alignment requirements, potentially offering more flexibility to the involved parties.
• The distribution of shares on August 19, 2026, may indicate a move towards more direct ownership for limited partners and members.

Negatives

• The filing does not contain any new financial performance data or strategic updates, making it difficult to assess the company's current operational health.
• The termination of the Voting Agreement could lead to less coordinated shareholder action, potentially impacting future governance or strategic decisions.

Risks

• The filing does not explicitly mention any new risks or changes to existing risk factors for Granite Ridge Resources, Inc.
• The termination of the Voting Agreement could lead to increased share trading volatility if former signatories act independently.

Future Outlook

The filing states that the Filing Parties reserve the right to propose or participate in future transactions, including extraordinary corporate transactions, sale of assets, or other actions that might affect the company's structure or securities registration. They also retain the right to change their investment intent, acquire additional shares, or sell existing holdings.

Management Comments

• The Filing Parties reserve the right to propose or participate in future transactions which may result in one or more of the above listed actions, including but not limited to, an extraordinary corporate transaction, such as a merger, reorganization or liquidation, sale of a material amount of assets of the Issuer or its subsidiaries, or other transactions which might have the effect of causing the Common Stock to become eligible for termination of registration under Section 12(g) of the Act.
• The Filing Parties also retain the right to change their investment intent at any time, to acquire additional shares of Common Stock or other securities of the Issuer from time to time, or to sell or otherwise dispose of all or part of the Common Stock beneficially owned by them (or any shares of Common Stock into which such securities are converted) in any manner permitted by law.

Industry Context

StockSavvy.ai notes that this filing pertains to ownership structure within the energy sector, specifically for Granite Ridge Resources, Inc. Changes in beneficial ownership and the termination of voting agreements are common events in this industry, often preceding or following strategic shifts, mergers, or divestitures.

Corporate Governance

Stakeholder Impact

• Shareholders: The termination of the Voting Agreement may lead to more independent trading and voting decisions by former signatories, potentially impacting share price dynamics.
• Management/Board: The shift in beneficial ownership and termination of coordinated voting could influence future board composition and strategic decision-making processes.
• Limited Partners/Members: The distribution of shares on August 19, 2026, directly benefits these stakeholders by increasing their direct equity in the company.

Next Steps

• The Filing Parties may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described herein.
• The Filing Parties reserve the right to change their investment intent, acquire additional shares, or sell existing holdings.

Key Dates

Keywords

Granite Ridge Resources, Schedule 13D, Beneficial Ownership, Stockholder Voting Agreement, Share Distribution, Ownership Change, Energy Sector