Form 4: Greenlight Capital Re Director Ian Isaacs Sells Shares

Director Ian Isaacs sold 9,019 shares of Greenlight Capital Re, Ltd. at an average price of $11.998 on March 27, 2024.

Summary

• On March 27, 2024, Ian Isaacs, a director of Greenlight Capital Re, Ltd., sold 9,019 ordinary shares of the company.
• The shares were sold at a weighted average price of $11.998 per share.
• Following the transaction, Isaacs directly owns 87,591 ordinary shares.
• Isaacs also indirectly owns 25,000 ordinary shares through the Isaacs Living Trust and 25,000 ordinary shares through his IRA.
• The reporting person will file an amended Form 4 when the applicable information becomes available due to a delay in the receipt of information from the third-party administrator.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of a share sale. The delay in information is a minor concern.

Risks

• The delay in receiving information from the third-party administrator could indicate potential issues with reporting accuracy or internal controls.

Future Outlook

The reporting person will file an amended Form 4 when the applicable information becomes available.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the company's prospects.

Stakeholder Impact

• The share sale by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in share price.

Next Steps

• An amended Form 4 will be filed when the price range information becomes available.

Key Dates