Form 4: Greenlight Capital Re Director Sells Shares Under Pre-Arranged Plan

Ian Isaacs, a Director and 10% Owner of Greenlight Capital Re, Ltd., sold 13,000 ordinary shares for approximately $14.92 per share under a Rule 10b5-1 plan.

Summary

• Ian Isaacs, identified as a Director and 10% Owner of Greenlight Capital Re, Ltd. (GLRE), reported a transaction on June 25, 2025.
• The transaction involved the sale of 13,000 ordinary shares.
• The shares were sold at a weighted average price of $14.9227 per share, with individual trade prices ranging from $14.9101 to $14.9236.
• This sale was conducted pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating it was a pre-arranged transaction.
• Following this transaction, Ian Isaacs directly beneficially owns 71,484 ordinary shares.
• Additionally, Ian Isaacs indirectly beneficially owns 25,000 ordinary shares through the Isaacs Living Trust and another 25,000 ordinary shares through the Ian Isaacs IRA.

Sentiment

Score: 4

Explanation: The sale of shares by a director and 10% owner, while under a pre-arranged 10b5-1 plan, is generally viewed as a slightly negative signal as it reduces insider ownership, though the pre-planned nature mitigates strong negative sentiment.

Positives

• The transaction was executed under a Rule 10b5-1 plan, which suggests the sale was pre-scheduled and not based on new, non-public information, thereby mitigating potential negative interpretations of insider selling.

Negatives

• A Director and 10% Owner, Ian Isaacs, sold 13,000 ordinary shares, reducing his direct beneficial ownership in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Ian Isaacs, a Director and 10% Owner of Greenlight Capital Re, Ltd., sold 13,000 ordinary shares of the company.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal regarding the company's valuation or future prospects, although the Rule 10b5-1 plan suggests the transaction was not based on new, non-public information.

Key Dates

Keywords

Greenlight Capital Re, GLRE, Ian Isaacs, SEC Form 4, Insider Trading, Share Sale, Director, 10b5-1 Plan, Beneficial Ownership