Form 4 for GRBK Green Brick Partners, Inc.
Accepted 2023-09-08 00:00:00 ET · period of report 2023-09-06 · accession 0000929638-23-002494 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2023-09-08 | 2023-09-06 | GRBK | DME Advisors, LP | Dir, 10% | S - Sale | $45.63 | -850.0K | 8.77M | -9% | -$38.79M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-06 | S | D | 850,000 | $45.63 | 8,767,648 | I See footnote | — | — | (F3) The Reporting Persons control the disposition and voting of shares of Common Stock ("Common Stock") of the Issuer held for the account of Greenlight Capital Offshore Partners, Ltd. ("GCOP, Ltd."), Greenlight Capital Offshore Master, Ltd. ("GCOM"), special purpose vehicles created by GCOP, Ltd. and GCOM (the "SPVs"), Solasglas Investments, LP ("SILP"), and a private investment fund for which DME CM manages a portfolio (the "Sub-Account"), in the respective capacities and quantities further described in the footnotes below. (F1) David Einhorn is the president of Greenlight Capital, Inc. ("Greenlight Inc.") and the senior manager of DME Advisors GP, LLC ("DME GP"). DME GP is the general partner of DME Advisors, LP ("DME") and DME Capital Management, LP ("DME CM" and, together with Greenlight Inc., DME GP, DME, and Mr. Einhorn, the "Reporting Persons"). Mr. Einhorn may be deemed to beneficially own the securities reported herein by virtue of his positions with respect to Greenlight Inc. and DME GP. (F2) Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Persons disclaim beneficial ownership of the Common Stock (as defined below) except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of the Common Stock held for the account of GCOP, Ltd., GCOM, the SPVs, SILP or the Sub-Account (each as defined below). (F4) DME CM controls the voting and disposition of 8,767,648 shares of Common Stock held for the accounts of GCOM and the SPVs and, prior to the sale reported herein, the Sub-Account, of which in each case DME CM acts as investment advisor. |