Form 4 for GRBK Green Brick Partners, Inc.
Accepted 2022-07-05 00:00:00 ET · period of report 2022-06-30 · accession 0001567619-22-013673 · 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 | 2022-07-05 | 2022-06-30 | GRBK | DME Advisors, LP | 10% | J - Other | $0.00 | -131.8K | 8.35M | -2% | $0 |
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 | 2022-06-30 | J | D | 131,850 | $0.00 | 8,348,478 | I See Footnote | — | — | (F2) Represents an in-kind distribution of shares of Common Stock (defined below) distributed by GCOP, Ltd. (defined below) to Mr. Einhorn. Such distribution resulted only in a change in the form of Mr. Einhorn's beneficial ownership of shares of Common Stock, and his receipt of such shares qualifies for exemption under Rule 16a-13. (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"), 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. (F4) 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 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, SILP or the Sub-Account. (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. (F5) Greenlight Inc. controls the voting and disposition of 8,348,478 shares of Common Stock held for the account of GCOP, Ltd. of which Greenlight Inc. acts as investment advisor. |